SENATE BILL NO. 74                                                                                                            
                                                                                                                                
     "An  Act creating  the  University  of Alaska  building                                                                    
     fund for  the payment  by the  University of  Alaska of                                                                    
     the costs  of use, management,  operation, maintenance,                                                                    
     and   depreciation   of   space   in   buildings;   and                                                                    
     authorizing the  Board of Regents of  the University of                                                                    
     Alaska to designate buildings for  which the fund is to                                                                    
     be used."                                                                                                                  
                                                                                                                                
8:47:36 AM                                                                                                                    
                                                                                                                                
HEATHER  SHADDUCK, STAFF,  SENATOR PETE  KELLY informed  the                                                                    
committee that  the bill would  create a special  account in                                                                    
the general fund for the  university building fund. The fund                                                                    
was modeled  after the public building  fund. The university                                                                    
would utilize  the long-term sustainable model  in an effort                                                                    
to  control deferred  maintenance  costs. The  legislation's                                                                    
intent was for culture  change regarding university building                                                                    
maintenance.                                                                                                                    
                                                                                                                                
Co-Chair  Stoltze  noted  that  the  last  hearing  included                                                                    
invited testimony  and university presentations.  He pointed                                                                    
out the absence of testifiers, both in the room and online.                                                                     
                                                                                                                                
Co-Chair Stoltze CLOSED public testimony.                                                                                       
                                                                                                                                
8:49:32 AM                                                                                                                    
                                                                                                                                
Representative   Wilson  asked   about  the   Alaska  public                                                                    
building fund.                                                                                                                  
                                                                                                                                
Ms.  Shadduck  did  not  know how  much  the  Alaska  public                                                                    
building fund was worth.                                                                                                        
                                                                                                                                
Representative  Wilson stated  that an  illustration of  the                                                                    
fund's success  might have  provided worthy  information for                                                                    
committee members.                                                                                                              
                                                                                                                                
Co-Chair  Stoltze   agreed  that   a  presentation   of  the                                                                    
comparative model would be helpful.                                                                                             
                                                                                                                                
8:50:16 AM                                                                                                                    
                                                                                                                                
Representative  Costello  discussed  the three  zero  fiscal                                                                    
notes.                                                                                                                          
                                                                                                                                
Vice-Chair Neuman  MOVED to  REPORT SB  74 out  of committee                                                                    
with individual recommendations  and the accompanying fiscal                                                                    
notes. There being NO OBJECTION, it was so ordered.                                                                             
                                                                                                                                
SB  74  was REPORTED  out  of  committee  with a  "do  pass"                                                                    
recommendation and  with one new  zero fiscal note  from the                                                                    
Department of Administration, one  new zero fiscal note from                                                                    
the  University  and  one  new zero  fiscal  note  from  the                                                                    
Department of Revenue.                                                                                                          
                                                                                                                                
8:51:38 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
8:53:10 AM                                                                                                                    
RECONVENED