Legislature(1995 - 1996)
03/14/1996 03:31 PM Senate STA
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
SB 222 AIDEA OPERATIONS/PROJECTS/LOANS CHAIRMAN SHARP brought up SB 222 as the next order of business before the Senate State Affairs Committee. There is a State Affairs Committee substitute for this bill. Committee members have been provided with an explanation of the changes in the committee substitute. The Snettisham section is the same as in the original version. The Red Dog or Delong Mountains section is exactly the same. The one section that was modified at the request of the chairman is the proposal to guarantee loans in which banks are involved and AIDEA has a piece of the action. AIDEA would have guaranteed the principal and the interest if the loan went into default. The chairman thinks that was a little overboard, so that was taken out of the committee substitute. He asked for a motion to adopt the committee substitute. Number 215 SENATOR RANDY PHILLIPS made a motion to adopt the Senate State Affairs Committee substitute for SB 222. CHAIRMAN SHARP, hearing no objection, stated the committee substitute for SB 222 was adopted. He stated that since the bill will go to two other committees, he would certainly entertain a motion to move the bill. SENATOR RANDY PHILLIPS made a motion to discharge SB 222 from the Senate State Affairs Committee with individual recommendations. Number 205 CHAIRMAN SHARP, hearing no objection, stated SB 222 was discharged from the Senate State Affairs Committee.
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