02/21/2001 01:32 PM House FIN

HOUSE BILL NO. 90                                                                                                             
                                                                                                                                
     "An Act relating to reimbursement of municipal bonds                                                                       
     for school construction; and providing for an effective                                                                    
     date."                                                                                                                     
                                                                                                                                
Co-Chair  Mulder  noted that  they  had looked  at  potential                                                                   
amendments.  They were not able to come to a compromise.                                                                        
                                                                                                                                
Co-Chair Mulder MOVED to ADOPT  a technical amendment on page                                                                   
4, line 19: change  (p) to (o). There being  NO OBJECTION, it                                                                   
was so ordered.                                                                                                                 
                                                                                                                                
Co-Chair  Mulder  noted  that   the  legislation  corrects  a                                                                   
technical  error in  HB 281,  Chapter 130,  SLA 2000,  school                                                                   
capital  funding and bond  debt reimbursement.  The  bill was                                                                   
prospective as  opposed to retroactive. The  Northwest Arctic                                                                   
Borough and  Anchorage School  District had already  approved                                                                   
the  bonds  by vote.  House  Bill  90 reauthorizes  what  was                                                                   
already authorized.                                                                                                             
                                                                                                                                
Representative Foster  MOVED to report  CSHB 90 (FIN)  out of                                                                   
Committee with  the accompanying fiscal note.  There being NO                                                                   
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
CSHB 90 (FIN) was REPORTED out  of Committee with a "do pass"                                                                   
recommendation  and  with  a  new zero  fiscal  note  by  the                                                                   
Department of Education and Early Development.