Legislature(1993 - 1994)
04/24/1993 09:06 AM House FIN
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* first hearing in first committee of referral
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+ teleconferenced
= bill was previously heard/scheduled
HOUSE BILL NO. 60
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"An Act making appropriations for capital projects; and
providing for an effective date."
Co-Chair MacLean noted that three amendments were pending
from the 4/23/93, House Finance Committee meeting.
Co-Chair Larson referred to a memorandum by Representative
Fran Ulmer (Attachment 2), regarding Amendment 8, $809.5
thousand dollars for the Alaska State Museum (see House
Finance Committee meeting, 4/23/93). Co-Chair Larson MOVED
to RESCIND the Committee's action in failing to adopt
Amendment 8. There being NO OBJECTION, it was so ordered.
Co-Chair Larson MOVED to AMEND Amendment 8, to $500.0
thousand dollars for the Alaska State Museum.
Representative Martin OBJECTED. A roll call vote was taken
on the motion.
IN FAVOR: Brown, Grussendorf, Hoffman, Navarre, Foster,
MacLean, Larson
OPPOSED: Martin
Representatives Hanley, Parnell and Therriault were absent
from the vote.
The MOTION PASSED (7-1).
Co-Chair MacLean noted that Amendment 7 was held during the
4/23/93 House Finance Committee meeting (Attachment 3).
Amendment 7 would appropriate $3 million dollars from the
earnings reserve of the Alaska Science and Technology
Endowment to the BIDCO Fund.
REPRESENTATIVE BETTYE DAVIS observed that legislation
creating the BIDCO Fund provides for the use of the earnings
reserve of the Alaska Science and Technology Endowment. She
provided members with a Memorandum from Ron Duncan,
Chairman, Alaska Science and Technology Foundation
(Attachment 4). Mr. Duncan expressed support for the
appropriation to the BIDCO Fund.
Co-Chair Larson expressed concern that the Legislature has
over appropriated funding from the earnings reserve of the
Alaska Science and Technology Endowment. Representative
Davis assured him that the Endowment has not been over
appropriated.
Representative Davis provided members with a letter of
intent: "It is the intent of the Legislature that the
Science and Technology Foundation transfer $3 million form
its earning reserve to the BIDCO Fund as the money becomes
available during the Fiscal Year 1994." Representative
Martin expressed concern with the letter of intent.
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(Tape Change, HFC 93-122, Side 2)
Representative Brown pointed out that according to AS
37.17.210, the BIDCO Fund is within the Science and
Technology Endowment. She stressed that the letter of
intent specifies the timing of the transfers to the BIDCO
Fund from the earning reserves.
Co-Chair Larson expressed concern that the Science and
Technology Foundation meet its original intent to provide
incentives for the private sector to create new economic
development in the State of Alaska.
Co-Chair MacLean MOVED to ADOPT AMENDMENT 7. Representative
Martin OBJECTED. Members discussed the earning reserve
appropriation. A roll call vote was taken on the motion.
IN FAVOR: Brown, Grussendorf, Hoffman, Navarre, Parnell,
Therriault, MacLean, Larson
OPPOSED: Foster, Martin
Representative Hanley was not present for the vote.
The MOTION PASSED (8-2).
Representative Brown MOVED to ADOPT the letter of intent.
Representative Martin OBJECTED. Representative Brown
explained that the purpose of the letter of intent is to
give the Science and Technology Foundation the flexibility
to provide funding as it becomes available. Co-Chair Larson
MOVED to AMEND Amendment 8 by inserting after "1994", "to
the extent that it does not decrease their ability to meet
their obligations during FY 95." There being NO OBJECTION,
it was so ordered. Co-Chair MacLean reiterated the main
motion, to adopt the letter of intent as amended. A roll
call vote was taken on the motion.
IN FAVOR: Grussendorf, Hoffman, Navarre, Brown, Foster,
Larson
OPPOSED: Martin, Parnell, Therriault, MacLean
The MOTION PASSED (6-5).
Co-Chair MacLean provided members with a technical amendment
by Representative Williams, AMENDMENT 22 (Attachment 5).
Co-Chair MacLean MOVED to ADOPT Amendment 22. There being
NO OBJECTION, it was so ordered.
Representative Therriault provided members with a technical
amendment, AMENDMENT 23 (Attachment 6). He explained that
"matching funds" will be deleted to allow for the use of
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structural equipment. There being NO OBJECTION, it was so
ordered.
Representative Brown MOVED to AMEND page 77, line 23, insert
after "project," "District 15 and 16". There being NO
OBJECTION, it was so ordered.
Co-Chair MacLean provided members with a handout detailing
the FY 94 House proposed capital budget (Attachment 7). She
reviewed Attachment 7.
Representative Brown MOVED to AMEND page 77, line 20, to
delete "$30.0" and insert "$20.0" thousand dollars; and page
78, line 20, to delete "$25.0" and insert "$35.0" thousand
dollars. There being NO OBJECTION, it was so ordered.
Representative Martin MOVED to report CSHB 60 (FIN) out of
Committee with individual recommendations. There being NO
OBJECTION, it was so ordered.
CSHB 60 (FIN) was reported out of Committee with a "do pass"
recommendation.
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