05/10/1998 07:38 PM House FIN

SENATE BILL NO. 360                                                            
                                                                               
"An Act authorizing the issuance of bonds in the amount                        
of $257,600,000 by the Alaska Housing Finance                                  
Corporation for certain capital projects; relating to                          
those bonds and to the appropriation of revenue of the                         
Alaska Housing Finance Corporation; and providing for                          
an effective date."                                                            
                                                                               
Representative Mulder MOVED to ADOPT Amendment 3 (copy on                      
file).  Amendment 3 includes $1.2 million dollars to the                       
Department of Public Safety for statewide academy deferred                     
maintenance, repair and construction and $1,090,00 million                     
dollars to the Department of Environmental Conservation for                    
Cordova water system improvements in order to conform SB 360                   
to SB 231.  There being NO OBJECTION, it was so ordered.                       
                                                                               
Representative Mulder MOVED to ADOPT Amendment 4 (copy on                      
file). Amendment 4 includes the entire amount of bonding,                      
issuance and reserves and clarifies that the total bond                        
indebtedness is $199.634.809 million dollars.  There being                     
NO OBJECTION, it was so ordered.                                               
                                                                               
Representative Mulder MOVED to report HCS CSSB 360 (FIN) out                   
of Committee with the accompanying fiscal note.                                
                                                                               
HCS SB 340 was REPORTED out of Committee with "no                              
recommendation" and with a fiscal impact note by the                           
Department of Revenue, 5/5/98.