03/22/2004 09:05 AM Senate FIN

                                                                                                                                
     SENATE BILL NO. 274                                                                                                        
     "An  Act relating to  the housing assistance  loan fund  in the                                                            
     Alaska  Housing  Finance  Corporation;   creating  the  housing                                                            
     assistance  loan program; repealing  loans for teacher  housing                                                            
     and  providing  for  loans  for  multi-family  housing;  making                                                            
     conforming  amendments; and providing  for an effective  date."                                                            
                                                                                                                                
                                                                                                                                
This was  the second  hearing for  this bill in  the Senate  Finance                                                            
Committee.                                                                                                                      
                                                                                                                                
Co-Chair  Wilken  stated  that  this bill  would  replace  the  AHFC                                                            
Housing  Assistance  Loan  Fund with  the  Housing  Assistance  Loan                                                            
Program and would repeal  the Rural Teacher Housing Loan Program and                                                            
replace it with the Rural Multi-Family Loan Program.                                                                            
                                                                                                                                
Co-Chair  Green   moved  to  report  SB  274  from  Committee   with                                                            
individual recommendations and accompanying zero fiscal note.                                                                   
                                                                                                                                
Co-Chair Wilken objected.                                                                                                       
                                                                                                                                
AT EASE 9:44 AM / 9:45 AM                                                                                                       
                                                                                                                                
Co-Chair Wilken removed his objection.                                                                                          
                                                                                                                                
There  being  no  further  objection,   SB  274  was  REPORTED  from                                                            
Committee with  zero fiscal note #1 from the Department  of Revenue.                                                            
                                                                                                                                
AT EASE 9:46 AM / 9:46 AM