HOUSE BILL NO. 60 4 "An Act making appropriations for capital projects; and providing for an effective date." Co-Chair MacLean noted that three amendments were pending from the 4/23/93, House Finance Committee meeting. Co-Chair Larson referred to a memorandum by Representative Fran Ulmer (Attachment 2), regarding Amendment 8, $809.5 thousand dollars for the Alaska State Museum (see House Finance Committee meeting, 4/23/93). Co-Chair Larson MOVED to RESCIND the Committee's action in failing to adopt Amendment 8. There being NO OBJECTION, it was so ordered. Co-Chair Larson MOVED to AMEND Amendment 8, to $500.0 thousand dollars for the Alaska State Museum. Representative Martin OBJECTED. A roll call vote was taken on the motion. IN FAVOR: Brown, Grussendorf, Hoffman, Navarre, Foster, MacLean, Larson OPPOSED: Martin Representatives Hanley, Parnell and Therriault were absent from the vote. The MOTION PASSED (7-1). Co-Chair MacLean noted that Amendment 7 was held during the 4/23/93 House Finance Committee meeting (Attachment 3). Amendment 7 would appropriate $3 million dollars from the earnings reserve of the Alaska Science and Technology Endowment to the BIDCO Fund. REPRESENTATIVE BETTYE DAVIS observed that legislation creating the BIDCO Fund provides for the use of the earnings reserve of the Alaska Science and Technology Endowment. She provided members with a Memorandum from Ron Duncan, Chairman, Alaska Science and Technology Foundation (Attachment 4). Mr. Duncan expressed support for the appropriation to the BIDCO Fund. Co-Chair Larson expressed concern that the Legislature has over appropriated funding from the earnings reserve of the Alaska Science and Technology Endowment. Representative Davis assured him that the Endowment has not been over appropriated. Representative Davis provided members with a letter of intent: "It is the intent of the Legislature that the Science and Technology Foundation transfer $3 million form its earning reserve to the BIDCO Fund as the money becomes available during the Fiscal Year 1994." Representative Martin expressed concern with the letter of intent. 5 (Tape Change, HFC 93-122, Side 2) Representative Brown pointed out that according to AS 37.17.210, the BIDCO Fund is within the Science and Technology Endowment. She stressed that the letter of intent specifies the timing of the transfers to the BIDCO Fund from the earning reserves. Co-Chair Larson expressed concern that the Science and Technology Foundation meet its original intent to provide incentives for the private sector to create new economic development in the State of Alaska. Co-Chair MacLean MOVED to ADOPT AMENDMENT 7. Representative Martin OBJECTED. Members discussed the earning reserve appropriation. A roll call vote was taken on the motion. IN FAVOR: Brown, Grussendorf, Hoffman, Navarre, Parnell, Therriault, MacLean, Larson OPPOSED: Foster, Martin Representative Hanley was not present for the vote. The MOTION PASSED (8-2). Representative Brown MOVED to ADOPT the letter of intent. Representative Martin OBJECTED. Representative Brown explained that the purpose of the letter of intent is to give the Science and Technology Foundation the flexibility to provide funding as it becomes available. Co-Chair Larson MOVED to AMEND Amendment 8 by inserting after "1994", "to the extent that it does not decrease their ability to meet their obligations during FY 95." There being NO OBJECTION, it was so ordered. Co-Chair MacLean reiterated the main motion, to adopt the letter of intent as amended. A roll call vote was taken on the motion. IN FAVOR: Grussendorf, Hoffman, Navarre, Brown, Foster, Larson OPPOSED: Martin, Parnell, Therriault, MacLean The MOTION PASSED (6-5). Co-Chair MacLean provided members with a technical amendment by Representative Williams, AMENDMENT 22 (Attachment 5). Co-Chair MacLean MOVED to ADOPT Amendment 22. There being NO OBJECTION, it was so ordered. Representative Therriault provided members with a technical amendment, AMENDMENT 23 (Attachment 6). He explained that "matching funds" will be deleted to allow for the use of 6 structural equipment. There being NO OBJECTION, it was so ordered. Representative Brown MOVED to AMEND page 77, line 23, insert after "project," "District 15 and 16". There being NO OBJECTION, it was so ordered. Co-Chair MacLean provided members with a handout detailing the FY 94 House proposed capital budget (Attachment 7). She reviewed Attachment 7. Representative Brown MOVED to AMEND page 77, line 20, to delete "$30.0" and insert "$20.0" thousand dollars; and page 78, line 20, to delete "$25.0" and insert "$35.0" thousand dollars. There being NO OBJECTION, it was so ordered. Representative Martin MOVED to report CSHB 60 (FIN) out of Committee with individual recommendations. There being NO OBJECTION, it was so ordered. CSHB 60 (FIN) was reported out of Committee with a "do pass" recommendation.