03/12/1994 10:05 AM Senate FIN

                                                                               
  SENATE BILL NO. 251                                                          
                                                                               
       An  Act relating  to  the commercial  fishing revolving                 
       loan fund and the  fisheries enhancement revolving loan                 
       fund.                                                                   
                                                                               
  Senator Kelly explained that the subcommittee considering SB
 met and wishes to propose  an amendment that would place                 
  a three-year sunset on ability to borrow money  for payments                 
  of taxes.   Co-chair Pearce voiced OBJECTION  for discussion                 
  purposes and advised  of her understanding the  Senate Labor                 
  and Commerce version  to which the amendment  would apply no                 
  longer  contains  provisions   relating  to  child  support.                 
  Members concurred.   Senator Jacko  explained that the  bill                 
  presently   provides    for   loans   for    IRS   payments,                 
  refrigeration,  and  refinancing   of  existing  loans  from                 
  conventional institutions to provide longer-term state loans                 
  with lower interest rates.  He further advised that CSSB 251                 
  (L&C)  capped loans  for tax  purposes  at $30.0.   Co-chair                 
  Pearce REMOVED her OBJECTION  to Amendment No. 1.   She then                 
  called for objections to adoption.  No objection having been                 
  raised,  Amendment No. 1  was ADOPTED.   Senator Kelly MOVED                 
  for   passage   of   CSSB    251   (Fin)   with   individual                 
  recommendations.  No objection having  been raised, CSSB 251                 
  (Fin) was REPORTED OUT of committee  with a zero fiscal note                 
  from   the  Dept.  of  Commerce  and  Economic  Development.                 
  Senators Jacko, Kelly, and Sharp signed the committee report                 
  with  a  "do  pass"  recommendation.   Co-chair  Pearce  and                 
  Senators  Kerttula  and Rieger  signed  "no recommendation."                 
  Co-chair Frank was absent from the meeting and did not sign.