Legislature(2005 - 2006)BELTZ 211
04/28/2005 03:30 PM Senate STATE AFFAIRS
Audio | Topic |
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Start | |
SB121 | |
SB122 | |
HB181 | |
HB201 | |
HB229 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+ | HB 181 | TELECONFERENCED | |
+ | HB 201 | TELECONFERENCED | |
+ | HB 229 | TELECONFERENCED | |
= | SB 121 | ||
= | SB 122 | ||
HB 229-REINSTATEMENT OF NATIVE CORPORATIONS CHAIR GENE THERRIAULT announced HB 229 to be up for consideration. 4:21:02 PM PAUL LABOLLE, Staff to Representative Richard Foster, introduced the bill as a housekeeping measure. It allows Native corporations that have been involuntarily dissolved under AS 10.06.633 to reincorporate and maintain the same assets, powers, and liabilities as granted in the Alaska Native Claims Settlement Act (ANCSA). It's a one-time window that would sunset in 2006. CHAIR THERRIAULT remarked this has been done before. SENATOR WAGONER suggested going out to 2010. MR. LABOLLE explained that the short term is related to the constitutional issue of not binding another legislature. CHAIR THERRIAULT asked what led the corporations to the point of dissolution. MR. LABOLLE explained that the corporations have failed to complete necessary paperwork and file with the state in a timely manner. Those that didn't file within the grace period were involuntarily dissolved. CHAIR THERRIAULT questioned what harm might result. MR. LABOLLE explained that the ANCSA land grants given to the Native corporations would no longer be the assets of any corporations were they to reincorporate as a new corporation. It's unclear what would happen to those assets if a new corporation were formed. CHAIR THERRIAULT asked if that's because the federal law was specific that the land was granted to those corporations that were formed at that time. MR. LABOLLE answered yes. There were no further questions. SENATOR THOMAS WAGONER motioned to report HB 229 and attached fiscal notes from committee with individual recommendations. There being no objection, it was so ordered.
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