The committee took up HB 447-COM  FISH & AGRICULTURE BANK INTEREST                                                          
RATE.                                                                                                                       
                                                                                                                              
MR. DALE ANDERSON,  staff to Representative Mulder,  sponsor of HB                                                              
447, said  the general  purpose of  HB 447 is  to ensure  that the                                                              
Commercial  Fishing  and  Agriculture   Bank  (CFAB)  is  able  to                                                              
continue  serving its  Alaskan  member-borrowers  in an  efficient                                                              
manner  and  equitably  compete with  other  lending  institutions                                                              
throughout the state.                                                                                                           
                                                                                                                                
CHAIRMAN PHILLIPS indicated that HB 447 has a zero fiscal note.                                                                 
                                                                                                                                
SENATOR  HALFORD moved  to calendar  HB 447 with  its zero  fiscal                                                              
note at the Chairman's discretion.                                                                                              
                                                                                                                                
CHAIRMAN  PHILLIPS announced  that without  objection, the  motion                                                              
carried.