Legislature(1999 - 2000)

01/29/1999 03:25 PM House L&C

Audio Topic
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
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HB 13 - REGULATION OF ESCROW ACCOUNTS                                                                                           
                                                                                                                                
Number 1916                                                                                                                     
                                                                                                                                
CHAIRMAN ROKEBERG announced the committee would like to take up a                                                               
motion on HB 13, "An Act relating to the characterization of, use                                                               
of, segregation of, deposit of, interest on, and disbursement of                                                                
escrow money; relating to the recording, filing, and delivery of                                                                
escrow documents; relating to civil penalties for violations of                                                                 
certain escrow provisions by escrow settlement agents; relating to                                                              
the supervision by the Department of Commerce and Economic                                                                      
Development of escrow settlement agents; authorizing the adoption                                                               
of regulations to implement certain escrow provisions; and                                                                      
providing for an effective date."                                                                                               
                                                                                                                                
Number 1921                                                                                                                     
                                                                                                                                
REPRESENTATIVE HALCRO made a motion to rescind the committee's                                                                  
action in reporting HB 13 out of committee.  There being no                                                                     
objections, it was so ordered.                                                                                                  
                                                                                                                                
Number 1931                                                                                                                     
                                                                                                                                
REPRESENTATIVE HALCRO made a motion to bring HB 13 back before the                                                              
committee.  There being no objections, it was so ordered.                                                                       
                                                                                                                                
Number 1945                                                                                                                     
                                                                                                                                
REPRESENTATIVE MURKOWSKI confirmed the committee was bringing back                                                              
CSHB 13(L&C), "Version D."                                                                                                      
                                                                                                                                
Number 1962                                                                                                                     
                                                                                                                                
REPRESENTATIVE HALCRO made a motion to rescind the committee's                                                                  
action in adopting CSHB 13(L&C), version 1-LS0126\D, Bannister,                                                                 
1/22/99, as amended by the committee.  There being no objections,                                                               
it was so ordered.                                                                                                              
                                                                                                                                
Number 1977                                                                                                                     
                                                                                                                                
CHAIRMAN ROKEBERG called a brief at-ease at 4:13 p.m.  The                                                                      
committee came back to order at 4:14 p.m.  The chairman noted he                                                                
believed the committee needed to move to rescind its action on the                                                              
accompanying fiscal note.                                                                                                       
                                                                                                                                
Number 1985                                                                                                                     
                                                                                                                                
REPRESENTATIVE HALCRO made a motion to rescind the fiscal note.                                                                 
There being no objections, it was so ordered.                                                                                   
                                                                                                                                
CHAIRMAN ROKEBERG stated he would entertain a motion to bring                                                                   
Version H before the committee.                                                                                                 
                                                                                                                                
Number 1999                                                                                                                     
                                                                                                                                
REPRESENTATIVE HALCRO made a motion for the committee to take up                                                                
the proposed committee substitute (CS) for HB 13, version                                                                       
1-LS0126\H, Bannister, 1/28/99.  There being no objections, Version                                                             
H was before the committee.                                                                                                     
                                                                                                                                
CHAIRMAN ROKEBERG indicated it was the chairman's intention to                                                                  
amend the bill.                                                                                                                 
                                                                                                                                
Number 2023                                                                                                                     
                                                                                                                                
CHAIRMAN ROKEBERG called a brief at-ease at 4:15 p.m.  The                                                                      
committee came back to order at 4:19 p.m.                                                                                       
                                                                                                                                
Number 2031                                                                                                                     
                                                                                                                                
REPRESENTATIVE HALCRO moved a series of amendments to the proposed                                                              
CS.  He stated the first amendment was a conceptual change in the                                                               
bill's title.                                                                                                                   
                                                                                                                                
CHAIRMAN ROKEBERG said, "(Indisc.) to the following amendments."                                                                
                                                                                                                                
REPRESENTATIVE HALCRO answered in the affirmative.  He noted the                                                                
second amendment was to delete bill sections 34.80.070 and                                                                      
34.80.080 [on pages 4 and 5].  He noted he would like to change the                                                             
language in Section 34.80.085 on page 5, line 6, inserting the word                                                             
"willfully" after "who" and before "violates".  Representative                                                                  
Halcro stated in Section 34.80.060, the word "shall" after                                                                      
"department" was to be amended to read "may".                                                                                   
                                                                                                                                
CHAIRMAN ROKEBERG asked Ms. Seitz about a further conceptual                                                                    
amendment.                                                                                                                      
                                                                                                                                
Number 2092                                                                                                                     
                                                                                                                                
JANET SEITZ, Legislative Assistant to Representative Norman                                                                     
Rokeberg, Alaska State Legislature, confirmed the chairman would                                                                
like her to reinsert the regulation section from Version D [version                                                             
1-LS0126\D, Bannister, 1/22/99].                                                                                                
                                                                                                                                
REPRESENTATIVE HALCRO moved that the regulation section from                                                                    
Version D, Section 34.80.080. Regulations ["Sec. 34.80.080.                                                                     
Regulations.  The department may adopt regulations under AS 44.62                                                               
(Administrative Procedure Act) to implement this chapter."], be                                                                 
inserted into the proposed CS.                                                                                                  
                                                                                                                                
CHAIRMAN ROKEBERG confirmed with Ms. Seitz that all the amendments                                                              
had been addressed.                                                                                                             
                                                                                                                                
Number 2132                                                                                                                     
                                                                                                                                
CHAIRMAN ROKEBERG asked if there were any questions from the                                                                    
committee.  He asked if there were any objections to the series of                                                              
"conceptual" amendments.  There being no objections, the                                                                        
"conceptual" amendments as proposed were adopted.                                                                               
                                                                                                                                
Number 2157                                                                                                                     
                                                                                                                                
REPRESENTATIVE HALCRO made a motion to move CSHB 13, version                                                                    
LS0126\H, Bannister, 1/20/99, out of committee, as amended, with                                                                
individual recommendations and attached zero fiscal note.  There                                                                
being no objections, CSHB 13(L&C) moved out of the House Labor and                                                              
Commerce Standing Committee.                                                                                                    

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