HOUSE BILL NO. 27 "An Act relating to the licensure and registration of individuals who perform home inspections; relating to home inspection requirements for residential loans purchased or approved by the Alaska Housing Finance Corporation; relating to civil actions by and against home inspectors; and providing for an effective date." REPRESENTATIVE NORM ROKEBERG, SPONSOR, provided information on the fiscal note. The startup cost would be $64 thousand dollars. The subsequent annual cost would be $58.5 thousand dollars. The fiscal note used a conservative number of 100 new home inspector licenses. New home inspectors would be added to the 2,716 specialty contractors. Specialty contractors currently pay a $200 dollars biannual fee. There would be an increase of approximately $47 dollars per biannual fee. He clarified that home inspectors would pay for their examination. The specialty contractor examine is recorded in their fee. Home inspector examinations would be offered by an outside entity. Representative Hudson questioned the percentage of homes bought through Alaska Housing Finance Corporation (AHFC). Representative Rokeberg noted that 47 percent of the homes in Alaska are purchased through AFHC. The legislation would cover any home inspection. The consumer would contract with the home inspector. Representative Lancaster clarified that only one home inspector would be required for each home. Representative John Davies clarified that the inspections would not only be on new homes. Representative Rokeberg observed that there are three different types of licenses and different examination requirements fore each specialty. Representative Lancaster MOVED to report CSHB 27 (FIN) out of Committee with the accompanying fiscal note. There being NO OBJECTION, it was so ordered. HB 27 (FIN) was REPORTED out of Committee with a "do pass" recommendation and with two new fiscal impact notes: REV and CED.