04/05/2010 01:00 PM House LABOR & COMMERCE

        SB 269-ECON. STIMULUS BONDS: REALLOCATION/WAIVER                                                                    
                                                                                                                                
2:04:57 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON announced that the next order of business would be                                                                  
CS FOR SENATE  BILL NO. 269(FIN), "An Act relating  to the waiver                                                               
of  volume  cap  of  recovery  zone  economic  development  bonds                                                               
authorized by  26 U.S.C. 1400U-2  and reallocation by  the Alaska                                                               
Municipal Bond Bank Authority of  the waived volume cap; relating                                                               
to  the waiver  of volume  cap  of recovery  zone facility  bonds                                                               
authorized by  26 U.S.C. 1400U-3  and reallocation by  the Alaska                                                               
Industrial Development and Export  Authority of the waived volume                                                               
cap;  increasing the  total amount  of bonds  and notes  that the                                                               
Alaska  Municipal  Bond  Bank  Authority  may  have  outstanding;                                                               
relating to  revenue bonds  and to  obligations secured  by lease                                                               
that  are issued  by the  Alaska Municipal  Bond Bank  Authority;                                                               
relating to allocations of tax  credit and bonding limits imposed                                                               
by the federal government; and providing for an effective date."                                                                
[Before the Committee was CSSB 269(FIN)]                                                                                        
                                                                                                                                
2:05:29 PM                                                                                                                    
                                                                                                                                
DEVEN MITCHELL, Alaska Municipal  Bond Bank Authority, Department                                                               
of  Revenue  (DOR), related  that  this  bill contains  the  same                                                               
language as the bill the committee previously heard last week.                                                                  
                                                                                                                                
2:05:56 PM                                                                                                                    
                                                                                                                                
KATHERINE  DODGE, Fairbanks  North  Star  Borough (FNSB),  stated                                                               
that the FNSB supports the bill as amended.                                                                                     
                                                                                                                                
2:06:40 PM                                                                                                                    
                                                                                                                                
CHAIR  OLSON,  after first  determining  no  one else  wished  to                                                               
testify, closed public testimony on SB 269.                                                                                     
                                                                                                                                
REPRESENTATIVE T.  WILSON moved  to report  CSSB 269(FIN)  out of                                                               
committee  with individual  recommendations and  the accompanying                                                               
fiscal  notes.   There  being  no  objection, CSSB  269(FIN)  was                                                               
reported from House Labor and Commerce Standing Committee.                                                                      
                                                                                                                                
2:07:27 PM                                                                                                                    
                                                                                                                                
The committee took an at-ease from 2:07 p.m. to 2:10 p.m.