SENATE BILL NO. 125                                                                                                           
                                                                                                                                
     "An Act relating to subsidiary corporations of the                                                                         
     Alaska Housing Finance Corporation; and establishing                                                                       
     the Alaska energy independence fund."                                                                                      
                                                                                                                                
9:09:38 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman  relayed that  the committee had  heard the                                                                    
bill on May 5, 2024 at  which time public testimony had been                                                                    
taken.                                                                                                                          
                                                                                                                                
Senator Wilson MOVED to  ADOPT proposed committee substitute                                                                    
for SB 125, Work Draft 33-GS1074\U (Walsh, 4/9/24).                                                                             
Co-Chair Stedman OBJECTED for discussion.                                                                                       
                                                                                                                                
Mr.  Alper shared  the  bills  history.  He  noted that  the                                                                    
current   CS   made   several  small   changes.   The   word                                                                    
"affordable" had  been removed  to indicate that  housing of                                                                    
all types  would be  worked on  with the  understanding that                                                                    
there was a  need for a variety of housing  options. He said                                                                    
that language  in the New Fund  section of Section 3  of the                                                                    
bill had  been added that said  that subsidiary corporations                                                                    
should prioritize residential and commercial buildings.                                                                         
                                                                                                                                
Co-Chair  Stedman WITHDREW  his  objection.  There being  NO                                                                    
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
SB  125  was  heard  and   HELD  in  Committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                
Co-Chair Stedman discussed housekeeping.