04/22/1993 02:35 PM Senate JUD

 SENATOR TAYLOR brought  CSHB 236(RLS) am   (NOTICE OF SALES OF                
 CERTAIN REAL PROPERTY) before the committee as the next order                 
 of business.                                                                  
                                                                               
 Number 045                                                                    
                                                                               
 WES COYNER, Lobbyist for the Alaska Journal of Commerce,                      
 explained the legislation addresses Title 9, which addresses                  
 only notices of foreclosure.  The current statute requires                    
 that notices of foreclosure must be published in a newspaper                  
 of general circulation, however, there is no definition of                    
 "newspaper of general circulation."  Title companies are                      
 reluctant to file notices of foreclosure in other than the                    
 metropolitan dailies.  HB 236 opens it up to some of the                      
 smaller newspapers in the state as long as they publish at                    
 least 50 weeks each year.  It will only affect foreclosure                    
 notices and does not affect any other type of public notice.                  
                                                                               
 Number 065                                                                    
                                                                               
 SENATOR LITTLE moved that CSHB 236(RLS) am be passed out of                   
 committee with individual recommendations.  SENATOR TAYLOR                    
 objected for discussion purposes.  Senator Little then                        
 withdrew her motion and Senator Taylor stated it was his                      
 intent to bring the legislation back before the committee at                  
 the next meeting when there would be more time for discussion.