Legislature(1999 - 2000)

01/21/1999 01:35 PM House FIN

Audio Topic
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
txt
                                                                                                                                
                                                                                                                                
GENERAL SUBJECT(S):  FY00 OVERVIEW:                                                                                             
Annalee McConnell, Director, Office of Management and Budget                                                                    
David Teal, Director, Legislative Finance Division                                                                              
                                                                                                                                
The following overview was taken in log note format.  Tapes and handouts will                                                   
be on file with the House Finance Committee through the 21st Legislative                                                        
Session, contact 465-2156. After the 21st Legislative Session they will be                                                      
available through the Legislative Library at 465-3808.                                                                          
                                                                                                                                
Time Meeting Convened:                                                                                                          
                                                                                                                                
Tape(s):   HFC 99-2, Side 1 and 2                                                                                               
  HFC 99-3, Side 1                                                                                                              
                                                                                                                                
                                                                                                                                
PRESENT:                                                                                                                        
X                                                                                                                               
Representative G. Davis                                                                                                         
X                                                                                                                               
Co-Chair Mulder                                                                                                                 
X                                                                                                                               
Representative Foster                                                                                                           
X                                                                                                                               
Co-Chair Therriault                                                                                                             
X                                                                                                                               
Representative Grussendorf                                                                                                      
X                                                                                                                               
Representative Austerman                                                                                                        
X                                                                                                                               
Representative Kohring                                                                                                          
X                                                                                                                               
Representative Bunde                                                                                                            
X                                                                                                                               
Representative  Moses                                                                                                           
X                                                                                                                               
Representative J. Davies                                                                                                        
X                                                                                                                               
Representative Williams                                                                                                         
                                                                                                                                
ALSO PRESENT:                                                                                                                   
ANNALEE MCCONNELL, DIRECTOR, OFFICE OF MANAGEMENT AND BUDGET, OFFICE OF                                                         
THE GOVERNOR;  DAVID TEAL, DIRECTOR, LEGISLATIVE FINANCE DIVISION, DAN                                                          
SPENCER, CHIEF BUDGET ANALYST, OFFICE OF MANAGEMENT AND BUDGET, OFFICE OF                                                       
THE GOVERNOR.                                                                                                                   
                                                                                                                                
                                                                                                                                
LOG                                                                                                                             
SPEAKER                                                                                                                         
DISCUSSION                                                                                                                      
35                                                                                                                              
Rep. Mulder                                                                                                                     
Convened the meeting at 1:35 p.m.                                                                                               
86                                                                                                                              
ANNALEE MCCONNELL,                                                                                                              
DIRECTOR, OFFICE OF                                                                                                             
MANAGEMENT AND                                                                                                                  
BUDGET, OFFICE OF THE                                                                                                           
GOVERNOR                                                                                                                        
Observed that there is no possibility to                                                                                        
make up short falls through cuts alone.                                                                                         
Emphasized commitment to education and child                                                                                    
protection.  Emphasized that the Governor's                                                                                     
budget accommodated increases for programs                                                                                      
that would aid youth and reduce crime.                                                                                          
Prison population continues to grow.                                                                                            
Decision in FY 99 budget was not to pay the                                                                                     
highest out-of-state rate for prison beds.                                                                                      
The only state with a reduction in its                                                                                          
budget.                                                                                                                         
385                                                                                                                             
Ms. McConnell                                                                                                                   
Provided committee with handout, Balancing                                                                                      
the FY00 Budget (copy on file).                                                                                                 
                                                                                                                                
Ms. McConnell                                                                                                                   
With inflation the FY00 budget is less then                                                                                     
FY99.                                                                                                                           
                                                                                                                                
Co-Chair Therriault                                                                                                             
Asked if the general fund contribution is                                                                                       
less?                                                                                                                           
510                                                                                                                             
Ms. McConnell                                                                                                                   
Yes, the general fund contribution is lower.                                                                                    
Total funds show growth, partially due to                                                                                       
the permanent fund.  The return on the                                                                                          
state's investment exceeds oil revenues.                                                                                        
601                                                                                                                             
Ms. McConnell                                                                                                                   
There are two areas that are not reflected                                                                                      
in the FY99 budget.  Investment in child                                                                                        
health and protection, tobacco control and                                                                                      
public health would be paid with tobacco                                                                                        
settlement money.  The match needed to                                                                                          
secure maximum federal highway funds would                                                                                      
be paid with motor fuel increases. Increases                                                                                    
are neutral in respect to the fiscal gap.                                                                                       
Programs are supported by fees.  No                                                                                             
additional draw is needed on the                                                                                                
Constitutional Budget Reserve.                                                                                                  
627                                                                                                                             
Ms. McConnell                                                                                                                   
Alaska has opportunity to expand with                                                                                           
federal funds. The state stands to gain $3                                                                                      
million dollars in federal tobacco                                                                                              
settlement funds over that next 25 years                                                                                        
that would require a state match. Discussed                                                                                     
proposal to increase state fuel tax as a                                                                                        
match to secure highway funding.                                                                                                
730                                                                                                                             
Ms. McConnell                                                                                                                   
Increase could be a statutory designation to                                                                                    
note the intention to raise fuel tax to pay                                                                                     
for transportation improvements.                                                                                                
764                                                                                                                             
Ms. McConnell                                                                                                                   
Discussed the tobacco settlement and looked                                                                                     
at handout.  There is a sustainable source                                                                                      
of revenue.  See page 2.                                                                                                        
825                                                                                                                             
Ms. McConnell                                                                                                                   
Discussed programs that would use tobacco                                                                                       
settlement money. Child protection and                                                                                          
prevention programs would be included.  The                                                                                     
major new element would be in child abuse                                                                                       
prevention.  This would require $3 million                                                                                      
in new funding.                                                                                                                 
897                                                                                                                             
Ms. McConnell                                                                                                                   
Looked at areas of reduction.  $40 million                                                                                      
in debt retirement.  Discussed the $50                                                                                          
million dollar dividend from Alaska Housing                                                                                     
Finance Corporation (AHFC). Not all of the                                                                                      
money was used. The debt amount would go                                                                                        
back up next year.                                                                                                              
995                                                                                                                             
Ms. McConnell                                                                                                                   
Discussed funding for the safe water                                                                                            
program.  Noted that the state will receive                                                                                     
increased federal funding for the safe water                                                                                    
program for fewer state dollars.                                                                                                
                                                                                                                                
Ms. McConnell                                                                                                                   
Discussed the proposal to change the                                                                                            
Longevity Bonus program to needs based.                                                                                         
Eligibility would be capped at $60,000.                                                                                         
1056                                                                                                                            
Ms. McConnell                                                                                                                   
Discussed the need for unspecified                                                                                              
reductions.                                                                                                                     
1159                                                                                                                            
Ms. McConnell                                                                                                                   
Discussed position counts.  Emphasized that                                                                                     
positions are broken down by funding source.                                                                                    
Some positions are funded with CIP receipts.                                                                                    
Positions may have a combination of funding                                                                                     
sources.                                                                                                                        
1229                                                                                                                            
Ms. McConnell                                                                                                                   
Noted that 70 positions are only technical                                                                                      
changes. 56 positions are associated with                                                                                       
the Malaspina.  The position count was not                                                                                      
included in the FY99 budget.                                                                                                    
                                                                                                                                
Ms. McConnell                                                                                                                   
University requested a $16 million dollar                                                                                       
increase in their budget. The university                                                                                        
budget is $5.6 million dollars above FY99.                                                                                      
They will do a budget amendment to show the                                                                                     
reduction.                                                                                                                      
1339                                                                                                                            
Ms. McConnell                                                                                                                   
Noted that there are some new positions but                                                                                     
emphasized that they have tried to locate a                                                                                     
funding source.  Discussed pioneer homes.                                                                                       
1398                                                                                                                            
Ms. McConnell                                                                                                                   
Proposes to use rate increase to improve                                                                                        
pioneer homes.                                                                                                                  
1429                                                                                                                            
Ms. McConnell                                                                                                                   
43 new positions in the Department of                                                                                           
Corrections.                                                                                                                    
                                                                                                                                
Ms. McConnell                                                                                                                   
15 positions in Department of Education are                                                                                     
federally funded                                                                                                                
1494                                                                                                                            
Ms. McConnell                                                                                                                   
Village Safe Water positions are federally                                                                                      
funded.                                                                                                                         
1531                                                                                                                            
Ms. McConnell                                                                                                                   
37 positions to operate youth treatment                                                                                         
facilities that were approved and are under                                                                                     
construction.                                                                                                                   
1590                                                                                                                            
Ms. McConnell                                                                                                                   
21 positions funded with tobacco settlement                                                                                     
                                                                                                                                
                                                                                                                                
There are 23 new positions in the Department                                                                                    
of Health and Social Services that are also                                                                                     
funded in other ways.                                                                                                           
1601                                                                                                                            
Ms. McConnell                                                                                                                   
Emphasized that the 600 new positions will                                                                                      
not affect the fiscal gap.                                                                                                      
1618                                                                                                                            
Ms. McConnell                                                                                                                   
Noted new formats for the budget. Half of                                                                                       
the agencies are using the automative budget                                                                                    
system.                                                                                                                         
1658                                                                                                                            
Ms. McConnell                                                                                                                   
Offered assistance. Noted that there are                                                                                        
issues that cross over departmental lines.                                                                                      
1755                                                                                                                            
Co-Chair Mulder                                                                                                                 
What is the Tobacco settlement dependent on?                                                                                    
1779                                                                                                                            
Ms. McConnell                                                                                                                   
The amount is known, but the date is                                                                                            
unknown.  21.9 million will be received no                                                                                      
later than the last day of FY 2000. Partial                                                                                     
payment will be received no later than June                                                                                     
2000.                                                                                                                           
1837                                                                                                                            
Co-Chair Mulder                                                                                                                 
Does the state need to enact legislation                                                                                        
1851                                                                                                                            
Ms. McConnell                                                                                                                   
No legislative action is required.                                                                                              
1879                                                                                                                            
Co-Chair Mulder                                                                                                                 
T21 transportation funding of $3 billion?                                                                                       
over the next ? years.  Federal funds cannot                                                                                    
be used for maintenance.                                                                                                        
1906                                                                                                                            
Ms. McConnell                                                                                                                   
Money cannot be used for snow plowing, but                                                                                      
some may be used for rehabilitation.                                                                                            
1951                                                                                                                            
Ms. McConnell                                                                                                                   
Discussed federal funding for roads.                                                                                            
1988                                                                                                                            
1                                                                                                                               
Co-Chair Mulder                                                                                                                 
Noted that the public would support                                                                                             
increases if they saw their roads improved.                                                                                     
2008                                                                                                                            
Ms. McConnell                                                                                                                   
Noted that Hawaii has gotten some                                                                                               
concessions for spending road money on                                                                                          
maintenance                                                                                                                     
2027                                                                                                                            
Representative J.                                                                                                               
Davies                                                                                                                          
Referred to page 4 of the Legislative                                                                                           
Finance Division.                                                                                                               
2044                                                                                                                            
Co-Chair Therriault                                                                                                             
Asked the savings of a needs based longevity                                                                                    
bonus                                                                                                                           
2056                                                                                                                            
DAN SPENCER, CHIEF                                                                                                              
BUDGET ANALYST,                                                                                                                 
OFFICE OF MANAGEMENT                                                                                                            
AND BUDGET, OFFICE OF                                                                                                           
THE GOVERNOR                                                                                                                    
Explained that there would be approximately                                                                                     
$7 million dollars in savings from a needs                                                                                      
based longevity bonus.                                                                                                          
2079                                                                                                                            
Co-Chair Therriault                                                                                                             
Yearly obligation of current program?                                                                                           
2089                                                                                                                            
Ms. McConnell                                                                                                                   
Projections will be updated before budget                                                                                       
amendment time, March 4th.                                                                                                      
2121                                                                                                                            
Co-Chair Therriault                                                                                                             
Noted that there is an $1.1 million dollar                                                                                      
reduction in the Child Support Enforcement                                                                                      
Division do to success in welfare reform?                                                                                       
Questioned if other states have experienced                                                                                     
the same trend.                                                                                                                 
2178                                                                                                                            
Ms. McConnell                                                                                                                   
Observed that other states are experiencing                                                                                     
the same trend.                                                                                                                 
2193                                                                                                                            
Co-Chair Therriault                                                                                                             
Questioned general fund success of welfare                                                                                      
reform.                                                                                                                         
2201                                                                                                                            
Ms. McConnell                                                                                                                   
Noted that success in welfare has created                                                                                       
demand for childcare.                                                                                                           
2272                                                                                                                            
Co-Chair Therriault                                                                                                             
Requested information on fire suppression.                                                                                      
2291                                                                                                                            
Mr. Spencer                                                                                                                     
Discussed funding for fire suppression.                                                                                         
2303                                                                                                                            
Ms. McConnell                                                                                                                   
Discussed the funding mechanism for fire                                                                                        
suppression.  No attempt was made to show                                                                                       
funds for disasters that have not yet                                                                                           
happened.                                                                                                                       
2344                                                                                                                            
Representative                                                                                                                  
Austerman                                                                                                                       
Asked for information on new positions.                                                                                         
                                                                                                                                
Mr. Spencer                                                                                                                     
Explained that authorization on Malaspina                                                                                       
positions were not shown in FY99 because                                                                                        
they were not certain.  The FY99 only shows                                                                                     
what the legislature technically included.                                                                                      
000                                                                                                                             
TAPE 3, SIDE 1                                                                                                                  
TAPE CHANGE                                                                                                                     
                                                                                                                                
Representative                                                                                                                  
Austerman                                                                                                                       
Pointed out that Malaspina was authorized in                                                                                    
FY99.                                                                                                                           
                                                                                                                                
Mr. Spencer                                                                                                                     
Pointed out that the Kennicott replaced the                                                                                     
Malaspina.                                                                                                                      
101                                                                                                                             
Representative                                                                                                                  
Austerman                                                                                                                       
Asked a question regarding public safety.                                                                                       
                                                                                                                                
Ms. McConnell                                                                                                                   
Explained the 17 new trooper positions.  Not                                                                                    
all were funded by July 1.  There had been                                                                                      
positions on paper that were not funded.                                                                                        
The decision was made to use the number of                                                                                      
troopers that were actually funded.  243                                                                                        
positions were actually funded.                                                                                                 
374                                                                                                                             
Representative                                                                                                                  
Austerman                                                                                                                       
85 percent of Department of Transportation                                                                                      
and Public Facilities employees are                                                                                             
federally funded.  Expressed concern that                                                                                       
federal dollars can affect the general fund.                                                                                    
547                                                                                                                             
Ms. McConnell                                                                                                                   
Pointed out that they have turned down some                                                                                     
federal funds.                                                                                                                  
597                                                                                                                             
Ms. McConnell                                                                                                                   
Looks at the expectation of continuing                                                                                          
programs that were begun with federal                                                                                           
funding.  Acknowledged that not all                                                                                             
increases are good, but emphasized that not                                                                                     
all decreases are good.                                                                                                         
630                                                                                                                             
Representative                                                                                                                  
Austerman                                                                                                                       
Noted that transportation has the greatest                                                                                      
amount of state employees.  Expressed                                                                                           
concern that additional federal funding may                                                                                     
not continue.                                                                                                                   
734                                                                                                                             
Ms. McConnell                                                                                                                   
Department of Transportation and Public                                                                                         
Facilities is 85% federally funded.  This                                                                                       
includes capital.                                                                                                               
760                                                                                                                             
Co-Chair Mulder                                                                                                                 
Concern of leadership to try to curb                                                                                            
expenditures in FY99.  Observed that there                                                                                      
is a RFP for 5,000 sq. feet for Department                                                                                      
of Health and Social Services.  Have options                                                                                    
been explored to delay?                                                                                                         
820                                                                                                                             
Ms. McConnell                                                                                                                   
Explained that it is office space for                                                                                           
additional child support enforcement                                                                                            
workers. Maintained that departments were                                                                                       
not adequately funded in FY99.  Increases                                                                                       
have been absorbed.  Increases in expenses                                                                                      
have not been met with increased revenues.                                                                                      
The Departments have worked with fewer                                                                                          
staff.  Not always possible to absorb costs.                                                                                    
918                                                                                                                             
Co-Chair Mulder                                                                                                                 
Observed that it would help for                                                                                                 
Administration to take steps to reduce                                                                                          
existing budget.                                                                                                                
995                                                                                                                             
Ms. McConnell                                                                                                                   
Acknowledged that the public wants cost                                                                                         
affective government.                                                                                                           
1023                                                                                                                            
Ms. McConnell                                                                                                                   
Emphasized that inflation costs have been                                                                                       
absorbed by agencies.                                                                                                           
1065                                                                                                                            
Representative                                                                                                                  
Williams                                                                                                                        
Asked who did the work in child protection                                                                                      
before new positions. Questioned if the                                                                                         
administration would look at consolidating                                                                                      
agencies.                                                                                                                       
1211                                                                                                                            
Ms. McConnell                                                                                                                   
Only the most serious reports were responded                                                                                    
to.  Other reports of harm were not being                                                                                       
responded to.  Additional workers allow more                                                                                    
cases to be investigated.  The governor is                                                                                      
looking at options of consolidations.                                                                                           
1269                                                                                                                            
Ms. McConnell                                                                                                                   
Responded that some expansions have resulted                                                                                    
from federal mandates and requirements.                                                                                         
Discussed options to consolidate that have                                                                                      
occurred due to changed in federal                                                                                              
requirements.                                                                                                                   
1329                                                                                                                            
Representative                                                                                                                  
Williams                                                                                                                        
Further discussed on the desire to see                                                                                          
consolidations.                                                                                                                 
1428                                                                                                                            
Representative J.                                                                                                               
Davies                                                                                                                          
Noted that there have been reductions and                                                                                       
efficiencies.                                                                                                                   
1472                                                                                                                            
Representative J.                                                                                                               
Davies                                                                                                                          
Commented on consolidations.  There are a                                                                                       
number of reasons why individual agencies                                                                                       
were created. Pointed out that reductions in                                                                                    
service may occur with consolidations.                                                                                          
Noted that the state has grown over the past                                                                                    
years.                                                                                                                          
1599                                                                                                                            
Representative                                                                                                                  
Kohring                                                                                                                         
Expressed interest in further discussions                                                                                       
regarding consolidations.  Emphasized that                                                                                      
restructuring can create efficiencies.                                                                                          
1698                                                                                                                            
Representative Bunde                                                                                                            
Alaska has 19 programs that other states do                                                                                     
not have.                                                                                                                       
1709                                                                                                                            
Ms. McConnell                                                                                                                   
Longevity bonus is one of the programs that                                                                                     
other states do not offer.                                                                                                      
1731                                                                                                                            
DAVID TEAL, DIRECTOR,                                                                                                           
LEGISLATIVE FINANCE                                                                                                             
DIVISION                                                                                                                        
Discussed agencies role in appropriation                                                                                        
process.  Shows operating and capital                                                                                           
budgets going up.  Provided handout. Noted                                                                                      
that there are differences between the lfd                                                                                      
and omb.                                                                                                                        
1855                                                                                                                            
Representative J.                                                                                                               
Davies                                                                                                                          
Observed that there are always differences                                                                                      
and requested that Legislative Finance                                                                                          
Division and Office of Management and Budget                                                                                    
work together to reconcile differences where                                                                                    
possible.                                                                                                                       
                                                                                                                                
                                                                                                                                
LEGISLATIVE FINANCE DIVISION                                                                                                    
                                                                                                                                
1878                                                                                                                            
Mr. Teal                                                                                                                        
Legislative Finance Division has worked with                                                                                    
Division and Office of Management and Budget                                                                                    
to find areas that are more technical in                                                                                        
disagreement.                                                                                                                   
1978                                                                                                                            
Mr. Teal                                                                                                                        
Discussed differences in interpretations.                                                                                       
LFD looks at actual legislation.                                                                                                
Discrepancies occur in Corrections and in                                                                                       
the amount of reductions.  The governor                                                                                         
includes some reductions dependent on                                                                                           
legislative actions, such as the longevity                                                                                      
bonus.  There are some small technical                                                                                          
differences that remain.                                                                                                        
1993                                                                                                                            
Mr. Teal                                                                                                                        
Some expenditures by the Governor are off                                                                                       
budget.  Discussed off budget items.  Power                                                                                     
to appropriate includes ability to specify                                                                                      
funding source. This belongs to the                                                                                             
legislature not the governor. Tobacco funds                                                                                     
are identified as other because they need to                                                                                    
be tracked.                                                                                                                     
2096                                                                                                                            
Mr. Teal                                                                                                                        
The Legislative Finance Division does not                                                                                       
normally track positions.  Did show on page                                                                                     
two of handout. Noted that the Governor's                                                                                       
budget did not show funding for collective                                                                                      
bargaining                                                                                                                      
2133                                                                                                                            
Co-Chair Therriault                                                                                                             
End of 3 year negotiated period for most                                                                                        
state employees.  Where are we for                                                                                              
university?                                                                                                                     
                                                                                                                                
Mr. Spencer                                                                                                                     
University contract negotiations vary.                                                                                          
                                                                                                                                
Mr. Teal                                                                                                                        
There has been agreement on a $16.5 million                                                                                     
dollar supplemental reserve.  Governor has                                                                                      
suggested that the supplemental for FY99                                                                                        
could be as much as $50 million dollars.                                                                                        
2184                                                                                                                            
Mr. Teal                                                                                                                        
Gov.'s budget generally grows between                                                                                           
introduction and the 45th day of session.                                                                                       
2212                                                                                                                            
Mr. Teal                                                                                                                        
Discussed Alaska Housing Finance Corporation                                                                                    
(AHFC) receipts.  Noted that there are                                                                                          
issues that need to be resolved.  The                                                                                           
Legislative Finance Division left AHFC                                                                                          
receipts as presented by Gov.                                                                                                   
2258                                                                                                                            
Mr. Teal                                                                                                                        
Alaska Industrial Development and Export                                                                                        
Authority (AIDEA) revenues were classified                                                                                      
as other funds.  How they are classified                                                                                        
will affect budget amount.                                                                                                      
2300                                                                                                                            
Co-Chair Mulder                                                                                                                 
Has the AIDEA dividend gone through the                                                                                         
general fund?                                                                                                                   
2319                                                                                                                            
Mr. Teal                                                                                                                        
Sometimes it has gone through the general                                                                                       
fund, other times as other funds.                                                                                               
2333                                                                                                                            
Co-Chair Therriault                                                                                                             
Asked if debt retirement is being carried                                                                                       
forward to reduce the next year.                                                                                                
2353                                                                                                                            
Mr. Teal                                                                                                                        
Complicated issue, which needs further                                                                                          
clarification.                                                                                                                  
054                                                                                                                             
Mr. Teal                                                                                                                        
Discussed capital budget.  $27 million                                                                                          
increase in general funds for capital                                                                                           
budget.                                                                                                                         
194                                                                                                                             
Mr. Teal                                                                                                                        
Noted that if tobacco tax goes through the                                                                                      
general fund there will be an increase in                                                                                       
the budget.                                                                                                                     
233                                                                                                                             
Representative                                                                                                                  
Grussendorf                                                                                                                     
Pointed out that the legislature also                                                                                           
manipulates funding sources to make the                                                                                         
budget appear smaller.                                                                                                          
372                                                                                                                             
Mr. Teal                                                                                                                        
Agreed that some expenditures have been                                                                                         
reclassified, but that there have been some                                                                                     
actual reductions.                                                                                                              
404                                                                                                                             
Mr. Teal                                                                                                                        
If there is an existing fund source that can                                                                                    
be used by the Administration it is not up                                                                                      
to them to change the funding source.  It is                                                                                    
up to the legislature to determine the                                                                                          
funding source.                                                                                                                 
575                                                                                                                             
Mr. Teal                                                                                                                        
Discussed tobacco tax.  He pointed out that                                                                                     
everyone agrees that the money is not on                                                                                        
budget.  Future funding is dependent on                                                                                         
creating model legislation.                                                                                                     
667                                                                                                                             
Ms. McConnell                                                                                                                   
No money has been received from the tobacco                                                                                     
settlement.  She acknowledged that the                                                                                          
governor's budget and the governor's bill                                                                                       
are not identical.  She explained why they                                                                                      
are not identical.                                                                                                              
818                                                                                                                             
Ms. McConnell                                                                                                                   
Emphasized that it is difficult to compare                                                                                      
FY99 to FY00.  Pointed out that some things                                                                                     
that were funded through the bond bill will                                                                                     
have to be funded by general funds                                                                                              
893                                                                                                                             
Representative J.                                                                                                               
Davies                                                                                                                          
Asked for more information regarding the                                                                                        
requirement for model legislation.                                                                                              
926                                                                                                                             
Ms. McConnell                                                                                                                   
Will provide further information.                                                                                               
945                                                                                                                             
Co-Chair Mulder                                                                                                                 
Adjourned the meeting at 3:25 p.m.                                                                                              
                                                                                                                                
                                                                                                                                
HOUSE FINANCE COMMITTEE                                                                                                         
LOG NOTES                                                                                                                       
January 21, 99                                                                                                                  
HFC 7 1/21/99                                                                                                                   

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