05/08/1997 08:10 AM Senate FIN

                                                                               
       CS FOR SENATE BILL NO. 159(L&C)                                         
                                                                               
       "An  Act   relating  to  the  new   business  incentive                 
  program."                                                                    
                                                                               
  Jerry Burnett, staff  to Senator Randy Phillips  was invited                 
  to join the committee.  He  explained amendment #1.  Senator                 
  Torgerson  asked if it applied only  to the federal program.                 
  Mr. Burnett said it could be  done by AHFC.  He said  he had                 
  discussed the  amendment  with  Tam Cook  and  she  felt  it                 
  appropriate.  Senator  Torgerson further asked what  was the                 
  banks' participation and  Mr. Burnett responded that  it was                 
  only for state or federal approved loans.                                    
                                                                               
  Senator   Pearce  moved   CSSB   159(L&C)  with   individual                 
  recommendations and  accompanying fiscal  notes and  without                 
  objection it was reported out.                                               
                                                                               
  Co-chair Sharp called SB 118.