HB 47-MUNICIPAL PERS CONTRIBUTIONS/INTEREST                                                                       
                                                                                                                                
8:02:35 AM                                                                                                                    
                                                                                                                                
CO-CHAIR PARISH announced that the  first order of business would                                                               
be HOUSE  BILL NO. 47,  "An Act requiring  certain municipalities                                                               
with a population that decreased  by more than 25 percent between                                                               
2000 and 2010 that participate  in the defined benefit retirement                                                               
plan  of the  Public Employees'  Retirement System  of Alaska  to                                                               
contribute to the system an  amount calculated by applying a rate                                                               
of  22 percent  of the  total of  all base  salaries paid  by the                                                               
municipality  to employees  of  the municipality  who are  active                                                               
members of  the system during  a payroll period;  authorizing the                                                               
administrator  of  the defined  benefit  retirement  plan of  the                                                               
Public Employees' Retirement System of  Alaska to reduce the rate                                                               
of   interest  payable   by  certain   municipalities  that   are                                                               
delinquent  in transmitting  employee and  employer contributions                                                               
to the retirement plan; and providing for an effective date."                                                                   
                                                                                                                                
8:03:01 AM                                                                                                                    
                                                                                                                                
CO-CHAIR  FANSLER noted  that at  a  previous hearing  on HB  47,                                                               
Representative  Saddler had  suggested  the proposed  legislation                                                               
was too narrowly tailored and  he would be considering whether to                                                               
offer an  amendment.  He  asked Representative Saddler if  he had                                                               
since worked with the bill sponsor on an amendment.                                                                             
                                                                                                                                
8:03:41 AM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  SADDLER answered  that  he had  not  yet had  the                                                               
opportunity to do so.                                                                                                           
                                                                                                                                
8:04:05 AM                                                                                                                    
                                                                                                                                
CO-CHAIR  FANSLER moved  to report  HB 47  out of  committee with                                                               
individual recommendations and the accompanying fiscal notes.                                                                   
                                                                                                                                
REPRESENTATIVE  DRUMMOND  commented  that   she  had  heard  this                                                               
subject in  bill form several times  in the past, and  she stated                                                               
her belief that  HB 47 is a fair piece  of legislation that deals                                                               
with  an  issue  that  could   not  have  been  foreseen  by  the                                                               
communities effected under HB 47.                                                                                               
                                                                                                                                
8:04:55 AM                                                                                                                    
                                                                                                                                
REPRESENTATIVE RAUSCHER asked for  confirmation that the proposed                                                               
legislation was not changed and would address just 2000-2010.                                                                   
                                                                                                                                
CO-CHAIR PARISH confirmed that the bill remains tightly focused.                                                                
                                                                                                                                
8:05:18 AM                                                                                                                    
                                                                                                                                
CO-CHAIR PARISH  announced that there  being no objection,  HB 47                                                               
was  reported out  of the  House Community  and Regional  Affairs                                                               
Standing Committee.