04/19/1994 05:40 PM Senate FIN

  SENATE BILL NO. 338                                                          
                                                                               
       An Act  relating to the  issuance of revenue  bonds for                 
       acquisition and  construction of  the Alaska  Discovery                 
       Center  for   the  Ship  Creek  Project  in  Anchorage;                 
       relating to a  study of  the feasibility and  financial                 
       viability of  the Alaska Discovery Center;  relating to                 
       construction  of  the  Alaska  Discovery  Center;   and                 
       providing for an effective date.                                        
                                                                               
  Co-chair  Pearce directed  that  SB 338  be  brought on  for                 
  discussion and referenced a  proposed amendment by  Co-chair                 
  Frank.    Co-chair  Frank explained  that  the  amendment is                 
  intended to make  clear that  no railroad funds  are "to  go                 
  into this project"  nor are  railroad assets to  be used  to                 
  support  the  financing.   Senator  Kelly  said  he  had  no                 
  objection to the  amendment since it embodies  his intent as                 
  well.  Co-chair Frank MOVED for adoption of Amendment No. 1.                 
  No  objection  having  been  raised,  Amendment  No.  1  was                 
  ADOPTED.    Senator  Kelly MOVED  for  passage  of  CSSB 338                 
  (Finance)  with individual  recommendations.   No  objection                 
  having  been  raised, CSSB  338  (Fin) was  REPORTED  OUT of                 
  committee with a zero fiscal note from the Dept. of Revenue.                 
  Senators Kelly and Rieger signed the committee report with a                 
  "do pass" recommendation.   Co-chairs  Pearce and Frank  and                 
  Senator Sharp signed "no recommendation."  Senators Kerttula                 
  and Jacko did not sign the report.