01/24/2000 03:50 PM House L&C

           HOUSE LABOR AND COMMERCE STANDING COMMITTEE                                                                          
                        January 24, 2000                                                                                        
                            3:50 p.m.                                                                                           
                                                                                                                                
                                                                                                                                
COMMITTEE CALENDAR                                                                                                              
                                                                                                                                
Department of Community and Economic Development Overview                                                                       
                                                                                                                                
[Presentation:   Department of Community and  Economic Development                                                              
status of  merger of  former Department  of Commerce and  Economic                                                              
Development and Department of Community and Regional Affairs]                                                                   
                                                                                                                                
TAPE                                                                                                                            
                                                                                                                                
00-05, SIDES A & B                                                                                                              
                                                                                                                                
CALL TO ORDER                                                                                                                   
                                                                                                                                
CHAIRMAN NORMAN  ROKEBERG reconvened the House Labor  and Commerce                                                              
Standing Committee  meeting at  3:50 p.m.   [See minutes  for 3:19                                                              
p.m. on this same date for the hearing on HB 190.]                                                                              
                                                                                                                                
PRESENT                                                                                                                         
                                                                                                                                
Committee   members   present   at   the  call   to   order   were                                                              
Representatives  Rokeberg,  Halcro,  Murkowski,  Harris,  Sanders,                                                              
Brice and Cissna.                                                                                                               
                                                                                                                                
SUMMARY OF INFORMATION                                                                                                          
                                                                                                                                
TERRY  ELDER,   Director,  Division   of  Banking,   Securities  &                                                              
Corporations,  Department of  Community  and Economic  Development                                                              
(DCED),  updated  the  committee  on  the  status  of  the  Alaska                                                              
Securities Act (HB  83 from the 1999 session)  and the regulations                                                              
being developed  concerning the  same.   In response to  questions                                                              
from committee members, Mr. Elder  also discussed growth of mutual                                                              
fund registrations  in Alaska, the  impact of federal  legislation                                                              
S. 900, and the NBA/Wells Fargo proposed merger.                                                                                
                                                                                                                                
BOB  LOHR,   Director,  Division   of  Insurance,  Department   of                                                              
Community and Economic  Development, updated the  committee on the                                                              
status of the  additional information (required by  last year's HB
) in  the division's  annual report.   Mr. Lohr noted  that the                                                              
annual  report should  be in  the hands  of the  members, and  the                                                              
statistical information  required by HB  158 was contained  in the                                                              
report.                                                                                                                         
                                                                                                                                
KATIE CAMPBELL,  Actuary, L/H,  Division of Insurance,  Department                                                              
of  Community   and  Economic  Development,  confirmed   that  the                                                              
information was in the division's annual report.                                                                                
                                                                                                                                
JEFF  BUSH,  Deputy  Commissioner,  Department  of  Community  and                                                              
Economic  Development, presented  the  committee with  information                                                              
about the  merger of functions  from the previous  two departments                                                              
and how  that was  working.  He  gave an  overview on the  various                                                              
functions of the department and answered  questions from committee                                                              
members.                                                                                                                        
                                                                                                                                
TOM  LAWSON,   Director,  Division  of  Administrative   Services,                                                              
Department  of   Community  and  Economic  Development,   answered                                                              
questions from  committee members concerning the  fiscal impact of                                                              
the merger and challenges facing the merged department.                                                                         
                                                                                                                                
COMMITTEE ACTION                                                                                                                
                                                                                                                                
The committee took no action.                                                                                                   
                                                                                                                                
ADJOURNMENT                                                                                                                     
                                                                                                                                
CHAIRMAN ROKEBERG adjourned the House  Labor and Commerce Standing                                                              
Committee meeting at 4:30 p.m.                                                                                                  
                                                                                                                                
NOTE:                                                                                                                           
                                                                                                                                
The meeting was recorded and handwritten  log notes were taken.  A                                                              
copy of the  tape(s) and log  notes may be obtained  by contacting                                                              
the House  Records Office at  the Terry Miller  Legislative Office                                                              
Building, 129 Sixth  Street, Room 229, Juneau,  Alaska 99801-1182,                                                              
(907) 465-2214,  and after  adjournment of  the second  session of                                                              
the  Twenty-First Alaska  State  Legislature,  in the  Legislative                                                              
Reference Library,  Terry Miller Legislative Office  Building, 129                                                              
Sixth  Street, Room  102, Juneau,  Alaska  99801-1182, (907)  465-                                                              
3808.