04/07/2010 09:00 AM Senate FINANCE

SENATE BILL NO. 301                                                                                                           
                                                                                                                                
     "An   Act  relating   to   the   power  project   fund;                                                                    
     authorizing the  Alaska Energy Authority to  charge and                                                                    
     collect  fees  relating  to  the  power  project  fund;                                                                    
     authorizing  the Alaska  Energy Authority  to sell  and                                                                    
     authorizing  the  Alaska   Industrial  Development  and                                                                    
     Export  Authority  to  purchase   loans  of  the  power                                                                    
     project  fund; providing  legislative approval  for the                                                                    
     sale and  purchase of loans  of the power  project fund                                                                    
     under  the memorandum  of understanding  dated February                                                                    
     17, 2010; and providing for an effective date."                                                                            
                                                                                                                                
9:17:25 AM                                                                                                                    
                                                                                                                                
Co-Chair  Stedman stated  that the  bill contains  four zero                                                                    
fiscal  notes,   two  from   the  Department   of  Commerce,                                                                    
Community  and Economic  Development  (DCCED)  one from  the                                                                    
Department of Revenue  (DOR) and one from  the Department of                                                                    
Transportation and Public Facilities (DOT).                                                                                     
                                                                                                                                
Co-Chair Hoffman  MOVED to  report SB  301 out  of Committee                                                                    
with individual recommendations  and the accompanying fiscal                                                                    
note. There being NO OBJECTION, it was so ordered.                                                                              
                                                                                                                                
SB  301 was  REPORTED  out  of Committee  with  a "do  pass"                                                                    
recommendation  and  with  three previously  published  zero                                                                    
notes:   FN1   (DOT),  FN2   (REV),   FN3   (CED)  and   one                                                                    
indeterminate fiscal note: FN4 (CED).