04/01/1998 10:05 AM Senate FIN

                                                                               
CS FOR SENATE BILL NO. 223(FIN) am                                             
"An Act relating to the age requirement for purposes of                        
senior housing programs and requiring the Alaska                               
Housing Finance Corporation to establish the age                               
requirement, which may not be less than 55 years of                            
age, for occupants of certain senior housing; relating                         
to the senior housing revolving fund; repealing the                            
senior housing bond account; relating to bonds to fund                         
senior housing loans; repealing a provision relating to                        
the interest rate on senior housing loans made by the                          
Alaska Housing Finance Corporation; and providing for                          
an effective date."                                                            
                                                                               
                                                                               
Co-Chair Sharp reminded the committee they had approved a                      
substitute for this bill, the "P" version, dated 3/30/98.                      
But it had not been moved out of committee.                                    
                                                                               
Senator Torgerson moved Senate Finance Committee Substitute                    
for SB 223 Amended from committee with accompanying zero                       
fiscal note and individual recommendations.  There was no                      
objections and Co-Chair Sharp ordered the bill moved out of                    
committee.