Legislature(2005 - 2006)

05/04/2005 04:52 PM FIN

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CS FOR SENATE BILL NO. 155(FIN)                                                                                               
     "An Act making appropriations  from the earnings reserve                                                                   
     account  for  construction   of  an  integrated  science                                                                   
     complex at  the University  of Alaska in  Anchorage, for                                                                   
     replacement  of the  virology  laboratory in  Fairbanks,                                                                   
     for  expansion of  the Anchorage  Museum of History  and                                                                   
     Art,  for  the major  maintenance  grant  fund, and  for                                                                   
     other  capital   projects  related  to   education;  and                                                                   
     providing for an effective date."                                                                                          
Co-Chair Meyer  presented the  Committee with work  draft for                                                                   
SB  155, labeled  24-LS0687\U,  Kurtz, 5/4/05.  He noted  the                                                                   
biggest change was  a fund source change from  permanent fund                                                                   
earnings were changed to general funds.                                                                                         
SUZANNE  CUNNINGHAM,  STAFF,  CO-CHAIR  MEYER,  reviewed  the                                                                   
changes in  the proposed work  draft. She clarified  that all                                                                   
of  the funding  sources  were  changed from  permanent  fund                                                                   
earnings to general funds.                                                                                                      
6:18:02 PM                                                                                                                    
She  observed that  projects  in section  3  were reduced  to                                                                   
reflect a 70/30 percent split,  or 2 percent for REAA's. This                                                                   
change reduced  the overall cost  of the projects  previously                                                                   
contained  in  the  legislation   by  $19,447,972  using  the                                                                   
capital matching  grant formula.  She noted that  $57 million                                                                   
in new  projects were added to  section 3. An  additional $10                                                                   
million was  added in section  5 to the University  of Alaska                                                                   
Fairbanks'  fisheries  and  ocean  facility  at  Lena  Point.                                                                   
Section  6  was  amended  from  $5 to  $15  million  for  the                                                                   
Anchorage Museum of History and Art expansion.                                                                                  
6:19:16 PM                                                                                                                    
Vice-Chair Stoltze asked if it  would require a title change.                                                                   
Ms. Cunningham agreed that a title change was in order.                                                                         
6:19:29 PM                                                                                                                    
Representative Hawker  MOVED to ADOPT  the work draft  for SB
155, labeled 24-LS0687\U, Kurtz, 5/4/05.                                                                                        
Representative   Holm   OBJECTED.  He   felt   it  would   be                                                                   
appropriate to further review the legislation.                                                                                  
Representative  Hawker acknowledged the  desire to  have more                                                                   
time,  but pointed  out  the late  date  [in the  legislative                                                                   
6:21:15 PM                                                                                                                    
At ease                                                                                                                         
6:25:50 PM                                                                                                                    
Ms. Cunningham observed  that the two largest  elements in SB
155 were in  section 2, which is the major  maintenance list,                                                                   
and  section   3,  which   contains  new  construction.   The                                                                   
Department of  Education and Early Development  establish the                                                                   
major maintenance list. The intent  was to equal out projects                                                                   
awarded to each district.                                                                                                       
6:27:31 PM                                                                                                                    
Representative Holm WITHDREW his objection.                                                                                     
Representative  Hawker noted  there was  an earnings  reserve                                                                   
funding which he preferred.                                                                                                     
6:28:18 PM                                                                                                                    
Representative Hawker MOVED to  report HCSSB 155 (FIN) out of                                                                   
Committee  with individual  recommendations.  There being  NO                                                                   
OBJECTION, it was so ordered.                                                                                                   
HCSSB  155 (FIN) was  REPORTED  out of Committee  with  a "do                                                                   
pass" recommendation.                                                                                                           
Co-Chair  Meyer announced  that  the Committee  would  Recess                                                                   
until 8:30 AM, May 5, 2005.                                                                                                     
Representative  Hawker asked  the committee  to move  HB 280.                                                                   
Representative  Holm objected to  that motion, saying  he has                                                                   
an amendment. Co-Chair Meyer said  there would be time in the                                                                   
The meeting was  recessed at 6:31 PM until 8:30  AM on May 5,                                                                   
8:48:57 AM                                                                                                                    
Co-Chair Chenault resumed the meeting.                                                                                          

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