04/18/2022 03:15 PM House LABOR & COMMERCE

        HB 404-REPEAL AK HOUSING FINANCE CORP. DIVIDEND                                                                     
                                                                                                                                
3:22:24 PM                                                                                                                    
                                                                                                                                
CO-CHAIR  SPOHNHOLZ announced  that  the first  order of  business                                                              
would be  HOUSE BILL  NO. 404, "An  Act repealing the  requirement                                                              
that  the  Alaska  Housing Finance  Corporation  make  a  dividend                                                              
available to the state, and repealing associated definitions."                                                                  
                                                                                                                                
3:22:40 PM                                                                                                                    
                                                                                                                                
CO-CHAIR FIELDS  moved to adopt the proposed  committee substitute                                                              
(CS)  for HB  404,  Version 24-LS1638\I,  Klein,  4/15/22, as  the                                                              
working  document.    There  being no  objection,  Version  I  was                                                              
before the committee.                                                                                                           
                                                                                                                                
3:22:59 PM                                                                                                                    
                                                                                                                                
CHELSEA WARD-WALLER,  Staff, Representative Ivy  Spohnholz, Alaska                                                              
State Legislature,  on behalf  of Representative Spohnholz,  prime                                                              
sponsor,  explained that  the  proposed HB  404  would repeal  the                                                              
Alaska Housing  Finance Corporation  dividend, while the  CS would                                                              
direct  the  dividend  to be  used  towards  affordable  workforce                                                              
housing.    She  explained  that  the  proposed  CS  is  follow-up                                                              
legislation from  the committee's  March 25 meeting  on affordable                                                              
housing.                                                                                                                        
                                                                                                                                
3:23:49 PM                                                                                                                    
                                                                                                                                
CO-CHAIR  SPOHNHOLZ explained  that  the CS  was  crafted after  a                                                              
discussion  with Bryan  Butcher,  the CEO  of  the Alaska  Housing                                                              
Finance Corporation.   She noted  that one of the  suggestions had                                                              
been to increase the investment in housing.                                                                                     
                                                                                                                                
[HB 404 was held over.]