Legislature(2015 - 2016)SENATE FINANCE 532
04/08/2015 09:00 AM Senate FINANCE
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| Audio | Topic |
|---|---|
| Start | |
| SB26 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | SB 26 | TELECONFERENCED | |
| + | TELECONFERENCED |
SENATE FINANCE COMMITTEE
April 8, 2015
9:04 a.m.
9:04:00 AM
CALL TO ORDER
Co-Chair MacKinnon called the Senate Finance Committee
meeting to order at 9:04 a.m.
MEMBERS PRESENT
Senator Anna MacKinnon, Co-Chair
Senator Pete Kelly, Co-Chair
Senator Peter Micciche, Vice-Chair
Senator Click Bishop
Senator Mike Dunleavy
Senator Lyman Hoffman
Senator Donny Olson
MEMBERS ABSENT
None
ALSO PRESENT
Laura Pierre, Staff, Senator Anna MacKinnon.
SUMMARY
SB 26 BUDGET: CAPITAL
SB 26 was HEARD and HELD in committee for further
consideration.
SENATE BILL NO. 26
"An Act making appropriations, including capital
appropriations and other appropriations; making
appropriations to capitalize funds; and providing for
an effective date."
9:05:02 AM
Co-Chair MacKinnon shared that the stated was facing an
unprecedented revenue shortfall. The most recent spring
forecast increased the withdrawal from savings at a
projection of $3.9 billion, by June 30, 2015. There was a
projected additional $4 billion in FY 16. The capital
budget leveraged federal dollars; attempted to complete
projects that were already in the queue; reduced general
fund spending; and did not add any additional general fund
dollars.
Co-Chair Kelly MOVED to ADOPT the proposed committee
substitute for SB 26, Work Draft 29-GS178\N (Martin,
4/1/15). Co-Chair MacKinnon OBJECTED for discussion.
Co-Chair MacKinnon thanked her staff for the work on the
capital budget.
LAURA PIERRE, STAFF, SENATOR ANNA MACKINNON, offered an
overview of the capital and supplemental portions of the
bill. She also addressed the money that would be
reappropriated to the Alaska Housing Finance Corporation
(AHFC) account, and some other items that were added
without the use of general fund dollars.
Ms. Pierre stated that the capital appropriation in the
bill was $108.318 million in UGF; $13.120 in DGF; $61.233
in other funds; and $1.271 billion in federal receipts. The
total was $1.457 billion in the capital appropriation.
9:07:56 AM
AT EASE
9:09:02 AM
RECONVENED
Co-Chair MacKinnon stated that the pause was used to
distribute the work draft to those in attendance.
9:09:11 AM
Ms. Pierre explained that the supplemental section of the
bill had $225,000 in UGF for the Exxon Valdez Oil Spill
Settlement (EVOSS) funds; $1.5 million in federal receipts;
and $690,000 in DGF. The total supplemental section was
$2.415 million. She noted that there were several
reappropriations that took old project funds to the AHFC
account. Those funds totaled $131.2 million. She explained
that there was additional funding to Department of Fish and
Game (DFG) through the EVOSS to the Kenai Peninsula Aquatic
Ecosystem Restoration of $8.175 million. There was also an
addition of $500,000 to DFG in statutory designated program
receipts to leverage $11.250 million in federal funds for
the Pittman-Robertson Act program. The bill added a
reappropriation request from the Office of the Governor for
Arctic Policy planning. The Department of Transportation
and Public Facilities had an addition of $33 million in
federal receipts for the Cape Blossom Road Project, which
would complete the road to the port. In exchange for the
$33 million, the state would receive $4.1 million in the
Alaska Health Care Commission (AHCC) account.
Co-Chair MacKinnon REMOVED her objection. There being NO
further OBJECTION, Work Draft 29-GS178\N was ADOPTED.
SB 26 was HEARD and HELD in committee for further
consideration.
ADJOURNMENT
9:12:58 AM
The meeting was adjourned at 9:12 a.m.
| Document Name | Date/Time | Subjects |
|---|---|---|
| SB 26 Work Draft Version N.pdf |
SFIN 4/8/2015 9:00:00 AM |
SB 26 |