04/16/2011 10:00 AM Senate FINANCE

CS FOR HOUSE BILL NO. 24(FIN)                                                                                                 
                                                                                                                                
     "An Act extending the termination date of the                                                                              
     Regulatory Commission of Alaska; and providing for an                                                                      
     effective date."                                                                                                           
                                                                                                                                
11:26:22 AM                                                                                                                   
                                                                                                                                
Co-Chair Hoffman  proposed committee substitute,  work draft                                                                    
#27-LSO173/E,   Kirsch/Kane,   4/15/11.   Co-Chair   Stedman                                                                    
OBJECTED.                                                                                                                       
                                                                                                                                
Co-Chair Stedman stated that the  CS altered the sunset date                                                                    
to June 30, 2013.                                                                                                               
                                                                                                                                
Co-Chair  Stedman WITHDREW  his  OBJECTION.  There being  NO                                                                    
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
11:27:14 AM                                                                                                                   
                                                                                                                                
Mr. Jackson  explained that HB  24 extended the  sunset date                                                                    
of the Regulatory Commission of Alaska.                                                                                         
                                                                                                                                
Co-Chair  Stedman noted  that  Senator  McGuire requested  a                                                                    
response  regarding the  conversion  between the  Regulatory                                                                    
Commission of Alaska and Anchor Point Energy.                                                                                   
                                                                                                                                
Senator  McGuire  stated that  she  was  satisfied with  the                                                                    
response that she received.                                                                                                     
                                                                                                                                
Co-Chair Stedman  pointed out  one Senate  Finance Committee                                                                    
fiscal  note reflecting  the cost  of $8,932,100  in program                                                                    
receipts for a two year extension.                                                                                              
                                                                                                                                
Co-Chair Hoffman MOVED  to report SCSHB 24  out of committee                                                                    
with individual recommendations  and the accompanying fiscal                                                                    
note(s). There being NO OBJECTION, it was so ordered.                                                                           
                                                                                                                                
SCSCSHB 24  was REPORTED out  of committee with a  "do pass"                                                                    
recommendation and with one new  fiscal note from the Senate                                                                    
Finance Committee for the  Department of Commerce, Community                                                                    
and Economic Development.