Legislature(2011 - 2012)HOUSE FINANCE 519
04/15/2012 02:00 PM Senate CONFERENCE COMMITTEE ON HB 104
| Audio | Topic |
|---|---|
| Start | |
| HB104 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| = | HB 104 | ||
HB 104-ALASKA PERFORMANCE SCHOLARSHIPS
7:48:42 PM
CHAIR THOMAS announced that the only order of business would be
HOUSE BILL NO. 104, "An Act renaming the Alaska performance
scholarship and relating to the scholarship and tax credits
applicable to contributions to the scholarship; establishing the
Alaska performance scholarship investment fund and the Alaska
performance scholarship award fund and relating to the funds;
making conforming amendments; and providing for an effective
date."
CHAIR THOMAS stated that the conference committee received the
requested limited powers of free conference, enabling members to
consider and amend the following aspects of the bill: Sections
3-7 and 30, relating to a high school diploma by examination;
Sections 4 and 5, relating to the course requirement waiver;
Section 11, relating to the funding "waterfall"; Sections 11 and
13, relating to the funding formula; and Section 13, relating to
the payout mechanism.
7:49:01 PM
SENATOR HOFFMAN moved to adopt CCS HB 104, Version 27-GH1893\G,
Mischel, 4/15/12.
CHAIR THOMAS objected for purposes of discussion.
7:49:23 PM
The committee took an at-ease from 7:49 p.m. to 7:50 p.m.
7:50:47 PM
SENATOR HOFFMAN explained the changes made to the working
document, Senate Version S, as incorporated in the proposed
Version G, which are: adopts the 2/3 scholarship 1/3 grants
concept from Version S, as a defined split of the total funding;
the payout mechanism is changed from 10 to 7 percent; the course
requirement waiver provision in Section 5 allows 24 versus 12
months for students to complete academic requirements; all
references to a high school diploma by examination (GED)[general
educational development] have been removed; and the "waterfall"
provisions are removed, thus returning all excess funds from
both the scholarship and grants accounts to the Alaska Higher
Education Investment Fund.
7:51:58 PM
The committee took an at-ease from 7:51 p.m. to 7:55 p.m.
7:55:56 PM
SENATOR HOFFMAN moved to have the following language
appropriately reinserted into the proposed Version G [original
punctuation provided]:
(e) If an insufficient number of applicants apply for
the available amount reserved under (d) of this
section, the commission shall redeposit the remaining
amount in the account from which the funds originated.
Hearing no objection, the amendment was adopted.
7:56:50 PM
CHAIR THOMAS removed his objection to CCS HB 104. There being
no further objection, Version G was before the committee.
7:57:35 PM
SENATOR HOFFMAN moved to report CCS HB 104, 27-GH1893\G out of
committee, as amended. Without objection, it was so ordered.
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