04/15/2000 03:15 PM Senate FIN

     SENATE BILL NO. 311                                                                                                        
     "An Act providing  for and relating to  the issuance of                                                                    
     general obligation bonds for  the purpose of paying the                                                                    
     state  cost of  port and  harbor capital  projects; and                                                                    
     providing for an effective date."                                                                                          
                                                                                                                                
Co-Chair Torgerson spoke  to Amendment #1 & #2.   [Copies on                                                                    
File].                                                                                                                          
                                                                                                                                
Amendment #1 would  remove the matching funds  from the bond                                                                    
project list  because the  match for Kake  was funded  in SB
.                                                                                                                            
                                                                                                                                
Amendment #2  would delete language  on Page 3,  Lines 9-10,                                                                    
"the amount equal to one  percent of the principal amount of                                                                    
the  bonds,  or   as  much  of  that  amount   as  is  found                                                                    
necessary"; it would insert "an  amount equal to one percent                                                                    
of the  principal amount of  the bonds,  or as much  of that                                                                    
amount as is found necessary".                                                                                                  
                                                                                                                                
Senator Adams MOVED  to adopt Amendment #1.   There being NO                                                                    
OBJECTION, the amendment was adopted.                                                                                           
                                                                                                                                
Senator Adams MOVED  to adopt Amendment #2.   There being NO                                                                    
OBJECTION, the amendment was adopted.                                                                                           
                                                                                                                                
Senator  Leman  MOVED to  adopt  Amendment  #3, which  would                                                                    
"round the numbers off by  eliminating the last three digits                                                                    
and  adding  zeros".    There being  NO  OBJECTION,  it  was                                                                    
adopted.                                                                                                                        
                                                                                                                                
Senator  Wilken MOVED  to  report  CS SB  311  (FIN) out  of                                                                    
Committee  with  individual  recommendations  and  with  the                                                                    
accompanying  fiscal notes.   There  being NO  OBJECTION, it                                                                    
was so ordered.                                                                                                                 
                                                                                                                                
CS  SB 311  (FIN) was  reported  out of  Committee with  "no                                                                    
recommendation" and with a fiscal  note by the Department of                                                                    
Revenue.