Legislature(1999 - 2000)
03/27/2000 01:55 PM House FIN
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
CS for HOUSE BILL NO. 304 "An Act relating to issuance and sale of revenue bonds to fund drinking water projects, to creation of an Alaska clean water administrative fund and an Alaska drinking water administrative fund, to fees to be charged in connection with loans made from the Alaska clean water fund and the Alaska drinking water fund, and to clarification of the character and permissible uses of the Alaska drinking water fund; amending Rule 3, Alaska Rules of Civil Procedure; and providing for an effective date." Co-Chair Therriault provided members with a technical amendment to CSHB 304 (FIN), 1-GH2031 \H.1 Cook 3/24/00, that he intended to offer on the House Floor. MIKE TIBBLES, STAFF, REPRESENTATIVE THERRIAULT explained that he consulted legal counsel regarding problems that arose in the House Finance Committee substitute. One of the problems was the result of a conceptual amendment the other was language that was inadvertently dropped. He reviewed the amendment. He observed that there were two restrictions under AS 37.15.560(b). The amount that can be bonded in a particular year is $15 million dollars. The limit on the total unpaid principal is $150 million dollars. The amount applies only to each particular program. Drinking Water and wastewater programs are included. The amendment clarifies that the amounts applies to each program. Page 2, line 18, following "$150,000,000": Insert "for each program". Mr. Tibbles noted that the conceptual amendment offered by Representative J. Davies resulted in the drinking water language being placed in the wastewater section. Wastewater was not specified. The amendment clarifies that it applies to wastewater. Page 7, line 26, following "provides": Insert "waste" Mr. Tibbles explained that subsections (a) and (b) were setup to allow municipalities and private entities that are economically regulated access to loans. The language was not tied to the private portion. The amendment includes the private sector. Page 9, line 8, following "assistance" Insert "for drinking water system projects, including projects to plan, design, build, construct, or rehabilitate a public drinking water collection, storage, treatment, or distribution system," Page 9, lines 9- 11: Delete all material and insert: "(A) municipalities;" Co-Chair Therriault explained that he planned to offer the amendment on the House floor, as a technical amendment. Representative J. Davies clarified that economic regulation was not limited to wastewater. CSHB 304 (FIN) was REPORTED out of Committee on March 17, 2000. Discussion occurred regarding proposed amendments to CSHB 304 (FIN). NO committee action was taken.
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