CS FOR SENATE BILL NO. 73(FIN) "An Act relating to assisted living homes; and providing for an effective date." MONTE FAYE LANE, FAIRBANKS testified via teleconference in support of SB 73. She noted that the situation is grave. Assisted living home providers are trying to survive financially and to stay in business. Care is given 24 hours a day. The hourly rate paid by the state is only $2 dollars an hour. The rate paid by the state is below the minimal wage and is not sufficient for financial survival. This results in a great number of persons housed in full nursing facilities. Co-Chair Therriault noted that the intent is to pass the legislation once funding for the fiscal note is resolved. CSSB 73 (FIN) was heard and HELD in Committee for further consideration.