04/16/2010 02:55 PM Senate FIN

HOUSE BILL NO. 184                                                                                                              
                                                                                                                                
     "An Act relating to the debt authorization of the                                                                          
     University of Alaska."                                                                                                     
                                                                                                                                
3:01:40 PM                                                                                                                    
                                                                                                                                
DEREK  MILLER, STAFF,  REPRESENTATIVE  MIKE KELLY  explained                                                                    
that  the bill  raises the  current  bond debt  cap for  the                                                                    
University  of   Alaska  to  reflect   today's  construction                                                                    
prices.                                                                                                                         
                                                                                                                                
Co-Chair Stedman asked if the  bill allows the university to                                                                    
increase bonding for the Life  Sciences Building. Mr. Miller                                                                    
responded  that if  the bill  passes, the  additional notice                                                                    
requirement for the bonding would not be necessary.                                                                             
                                                                                                                                
Co-Chair Stedman pointed out one zero fiscal note.                                                                              
                                                                                                                                
HB  184  was  HEARD  and   HELD  in  Committee  for  further                                                                    
consideration.