HB 412-MICROLOAN REVOLVING FUND                                                                             
                                                                                                                                
3:48:37 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON announced  that the next order of  business would be,                                                               
HOUSE BILL  NO. 412,  "An Act  establishing the  Alaska microloan                                                               
revolving  fund; making  loans for  commercial purposes  from the                                                               
fund; and  relating to the fund  and loans; and providing  for an                                                               
effective date."                                                                                                                
                                                                                                                                
3:48:41 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON related that public testimony was previously closed.                                                                
                                                                                                                                
3:49:03 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE NEUMAN  moved to  report HB  412 out  of committee                                                               
with  individual  recommendations  and  the  accompanying  fiscal                                                               
notes.   There being no objection,  HB 412 was reported  from the                                                               
House Labor and Commerce Standing Committee.                                                                                    
                                                                                                                                
3:49:37 PM                                                                                                                    
                                                                                                                                
The committee took an at-ease from 3:49 p.m. to 3:51 p.m.