04/21/1997 09:10 AM Senate FIN

                                                                               
       SENATE BILL NO. 175                                                     
                                                                               
       "An Act relating to revenue bonds issued  by the Alaska                 
       Industrial   Development   and  Export   Authority  for                 
  interties      between  Healy  and  Fairbanks   and  between                 
  Anchorage and the   Kenai  Peninsula;  and providing  for an                 
  effective date."                                                             
                                                                               
  Co-chair  Sharp introduced SB 175.  Marilyn Wilson, staff to                 
  Senator Sharp was invited to join the committee and read the                 
  sponsor statement into the record.                                           
                                                                               
  Randy  Simmons,  Executive  Director,  AIDEA, Department  of                 
  Commerce    and    Economic   Development    testified   via                 
  teleconference from Anchorage.  He  said AIDEA supported the                 
  bill.                                                                        
                                                                               
  Tom  Stahr,  general  manager, municipal  light  and  power,                 
                                                                               
                                                                               
  Anchorage;  Norm  Story,  Homer  Electric,  Homer;  and  Don                 
  Edwards, general counsel for Chugach Electric  testified via                 
  teleconference  from  Anchorage.   All  three  voiced  their                 
  support for the bill.                                                        
                                                                               
  Senator  Pearce moved SB 175 with individual recommendations                 
  and zero  fiscal note.   Without  objection, Co-chair  Sharp                 
  reported out SB 175 with individual recommendations and zero                 
  fiscal  note  from  Department  of  Commerce   and  Economic                 
  Development.