Legislature(2009 - 2010)HOUSE FINANCE 519
04/06/2009 01:30 PM House FINANCE
Audio | Topic |
---|---|
Start | |
HB161 | |
HB 137 |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+ | HB 29 | TELECONFERENCED | |
+ | HB 137 | TELECONFERENCED | |
+ | TELECONFERENCED | ||
+= | HB 161 | TELECONFERENCED | |
HOUSE BILL NO. 161 "An Act relating to the Alaska Mental Health Trust Authority Subport Office Building; authorizing the issuance of certificates of participation for construction of the building and authorizing the use of up to $25,000,000 from the mental health trust fund for construction of the building; approving leases of all or part of the building by the Department of Administration; and providing for an effective date." 2:21:56 PM REPRESENTATIVE CATHY MUNOZ indicated that the three fiscal notes from the Department of Revenue, the Department of Administration, and the Department of Natural Resources would be the reviewed for the committee. REMOND HENDERSON, DEPUTY DIRECTOR, DIVISION OF GENERAL SERVICES, DEPARTMENT OF ADMINISTRATION, explained the fiscal notes. 2:23:21 PM AT EASE 2:24:14 PM RECONVENED Mr. Henderson reported that the Department of Revenue fiscal note represents $22 million to fund 50 percent cost of the new building. The note reflects, in FY 2010, the cost of issuing bonds up to $400,000 and estimated interest payments of $626,000. The fiscal note also reflects an annual debt payment of $1.9 million beginning in FY 2011. This debt payment is based on $22.7 million repaid over a period of 20 years at 5.5 percent interest. The Department of Natural Resources fiscal note reflects the Mental Health Trust Fund responsibility for the remaining $22.7 million cost of the new facility. The Mental Health Fund will be replenished from rents paid by the Division of General Services on behalf of the new building tenants, the Departments of Labor, Fish and Game, and Public Safety. The money will be repaid over 30 years at an interest rate of 7.5 percent of the rents collected. The Department of Revenue fiscal note also reflects the operating expenses of $1.5 million. He continued reading the numbers in the fiscal note. Approximately $3.5 million of this amount will come from General Services and $300,000 from commercial rentals. Mr. Henderson commented the Department of Administration fiscal note reflects the difference between the estimated lease payments for the state, assuming passage of the bill. He disclosed that the note does not reflect the deferred maintenance cost of $5.8 million for the Douglas Island building and $2.5 million for the Public Safety building. It is anticipated that over a 30 year period the savings will be $13.5 million. 2:29:06 PM RYAN BUTCHER, PUBLIC AFFAIRS DIRECTOR, GOVERNMENT AFFAIRS AND PUBLIC RELATIONS, ALASKA HOUSING FINANCE CORPORATION, DEPARTMENT OF REVENUE testified via teleconference, announced that the Alaska Housing Finance Corporation (AKHFC) fiscal note reflects, in the contractual line, the costs savings of not having to make lease payments on the building because it would be owned. He noted that the miscellaneous line reflected the costs of debt service paid plus maintenance. In FY 2011 and FY 2012, the savings would increase as the years progress. The expected savings will be approximately $15.2 million. Representative Foster MOVED to report CSHB 161 out of Committee with individual recommendations and the accompanying fiscal note. There being NO OBJECTION, it was so ordered. CSHB 161 (FIN) was REPORTED out of Committee with a "do pass" recommendation and with three new fiscal notes from the Department of Revenue, the Department of Administration, and the Department of Natural Resources and with one previously published fiscal note: FN1 (REV). 2:32:48 PM
Document Name | Date/Time | Subjects |
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01 HB137 Sponsor Statement.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 137 |
02 Hb137 Sectional.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 137 |
anch res support.pdf |
HFIN 4/6/2009 1:30:00 PM |
|
11 HB29 Written copy of testimony.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
12 HB29 Leg. Research.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
13 HB29 Formulation Memo.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
14 HB29 Letter of Support - AMHB.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
16 HB29 Letter of Opposition - Hoffman.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
05 HB137 Case Studies.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 137 |
06 HB137 Letter of SupportOpposition.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 137 |
Amendmetn 1 R.3.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
Amendment 2 R.4.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
CSHB 29 (L&C) Department of Labor Stats.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB 29 Changes.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB137 Anch School Dist. Resolution.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 137 |
HB29 ADN Article.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB29 Card and Kreuger Study.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB29 Legislative Research Shop.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB29 Letter of Support - AARP.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB29 NCSL Minimum Wage List.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB29 Poverty Guideline.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB29 Sectional Analysis.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB29 Sponsor Statement.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
HB29 Wellington Study.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 29 |
New CSHB161(FIN)-DOR-AHFC-04-06-09.pdf |
HFIN 4/6/2009 1:30:00 PM |
HB 161 |