Legislature(2013 - 2014)SENATE FINANCE 532
04/17/2014 01:30 PM Senate FINANCE
Audio | Topic |
---|---|
Start | |
HB193 | |
HB305 | |
HB121 | |
HB328 | |
HB143 | |
HB282 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+= | HB 193 | TELECONFERENCED | |
+= | HB 305 | TELECONFERENCED | |
+= | HB 121 | TELECONFERENCED | |
+= | HB 328 | TELECONFERENCED | |
+= | HB 143 | TELECONFERENCED | |
+= | HB 282 | TELECONFERENCED | |
+= | HB 204 | TELECONFERENCED | |
+= | HB 231 | TELECONFERENCED | |
+= | HB 19 | TELECONFERENCED | |
+ | TELECONFERENCED |
CS FOR HOUSE BILL NO. 121(FIN) "An Act relating to the examinations, board, loans, and records of the Alaska Commercial Fishing and Agriculture Bank; and providing for an effective date." 2:29:11 PM AT EASE 2:32:44 PM RECONVENED Vice-Chair Fairclough had a question about the repeal language and inquired whether the sponsor knew how the state initially got involved loaning money to the bank. MICHAEL PASCHALL, STAFF REPRESENTATIVE ERIC FEIGE, responded that he was not aware of all of the historical details but ascertained that the state had invested in the bank and the bank was initially using state money that has since been repaid. Vice-Chair Fairclough wondered if the bank would be able to function if the state withdrew its permits. LELA KLINGERT, PRESIDENT, COMMERCIAL FISHING AND AGRICULTURAL BANK, ANCHORAGE (via teleconference), understood the question as; if the state took action to rescind CFAB's privileges as agents to accept permits as collateral would the consequences be detrimental to the bank. She answered that if the privilege was rescinded the impacts on future operations of the bank would be "severe and negative." Vice-Chair Fairclough relayed that the issue that the committee was "grappling with" was the banks wish to hire a lobbyist. She elaborated that even though CFAB repaid its initial loan from the state, the bank was still in operation due to using state assets. The committee felt uncomfortable with the scenario of CFAB hiring a lobbyist to impact legislators' decisions. She felt that the scenario created a conflict for members. She inquired what a lobbyist would do for CFAB that it could not currently do for itself. Ms. Klingert replied that a lobbyist would be the eye, ears, and voice of CFAB during the session. She expounded that the lobbyist would monitor legislation and identify any issues that affected CFAB. The bank rarely introduced its own legislation. The lobbyist would act as a representative of the bank so CFAB employees would not have to travel to Juneau to deal with any issues that arose. Vice-Chair Fairclough queried whether statute prohibited CFAB from hiring a governmental affairs employee instead of a lobbyist. Ms. Klingert responded that she was not aware of any prohibition against hiring a governmental affairs employee. She recounted that sometime in the 1990's, Senator Pearce [1988 - 2001] introduced legislation that prohibited CFAB and other similar entities from using state money to lobby state officials. Prior to enactment of the legislation the prohibition did not exist. Vice-Chair Fairclough MOVED to REPORT CSHB 121(FIN) out of committee with individual recommendations and the accompanying fiscal note. There being NO OBJECTION, it was so ordered. CSHB 121(FIN) was REPORTED out of committee with a "do pass" recommendation and with one previously published fiscal impact note: FN2 (CED). 2:39:38 PM AT EASE 2:40:48 PM RECONVENED Co-Chair Meyer handed the gavel over to Co-Chair Kelly.
Document Name | Date/Time | Subjects |
---|