03/14/1996 03:31 PM Senate STA

                                                                               
            SB 222 AIDEA OPERATIONS/PROJECTS/LOANS                           
                                                                               
 CHAIRMAN SHARP brought up SB 222 as the next order of business                
 before the Senate State Affairs Committee.  There is a State                  
 Affairs Committee substitute for this bill.  Committee members have           
 been provided with an explanation of the changes in the committee             
 substitute.  The Snettisham section is the same as in the original            
 version.  The Red Dog or Delong Mountains section is exactly the              
 same.  The one section that was modified at the request of the                
 chairman is the proposal to guarantee loans in which banks are                
 involved and AIDEA has a piece of the action.  AIDEA would have               
 guaranteed the principal and the interest if the loan went into               
 default.  The chairman thinks that was a little overboard, so that            
 was taken out of the committee substitute.  He asked for a motion             
 to adopt the committee substitute.                                            
                                                                               
 Number 215                                                                    
                                                                               
 SENATOR RANDY PHILLIPS made a motion to adopt the Senate State                
 Affairs Committee substitute for SB 222.                                      
                                                                               
 CHAIRMAN SHARP, hearing no objection, stated the committee                    
 substitute for SB 222 was adopted.  He stated that since the bill             
 will go to two other committees, he would certainly entertain a               
 motion to move the bill.                                                      
                                                                               
 SENATOR RANDY PHILLIPS made a motion to discharge SB 222 from the             
 Senate State Affairs Committee with individual recommendations.               
                                                                               
 Number 205                                                                    
                                                                               
 CHAIRMAN SHARP, hearing no objection, stated SB 222 was discharged            
 from the Senate State Affairs Committee.