SENATE BILL NO. 360                                                            
                                                                               
"An Act authorizing the issuance of bonds in the                               
amount of $257,600,000 by the Alaska Housing Finance                           
Corporation for certain capital projects; relating to                          
those bonds and to the appropriation of revenue of the                         
Alaska Housing Finance Corporation; and providing for                          
an effective date."                                                            
                                                                               
Co-Chair Hanley spoke to Amendment #1, #0-LS1780\K.3, Cook,                    
5/9/98.  [Copy on File].  He explained that Amendment #1                       
would adopt changes made in the authorization bill which                       
had been made to the appropriation bill and which would                        
include authorization for certain bond projects.                               
                                                                               
Co-Chair Hanley advised that Amendment #1 would make the                       
changes based on Amendment #1, SB 231.  He added when the                      
amendment is moved, it will include the other amendments in                    
the appropriations bill so as to conform these changes with                    
the AHFC bonding bill.                                                         
                                                                               
Co-Chair Hanley MOVED to ADOPT Amendment #1 with the                           
addition of necessary technical changes so that the                            
authorization bill will conform.  There being NO OBJECTION,                    
it was adopted.                                                                
                                                                               
SB 360 was HELD in Committee for further consideration.