SB 125-MOTOR VEHICLE TRANSACTIONS                                                                            
4:52:50 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON announced  that the final order of  business would be                                                               
SENATE  BILL  NO. 125,  "An  Act  relating to  certain  vehicles,                                                               
including  trailers;   and  relating  to  motor   vehicle  dealer                                                               
advertising, motor  vehicle dealer sales of  used motor vehicles,                                                               
motor vehicle  sales contracts, motor vehicle  service contracts,                                                               
and motor vehicle sales financing."                                                                                             
                                                                                                                                
4:53:55 PM                                                                                                                    
                                                                                                                                
SENATOR KEVIN  MEYER, Alaska State  Legislature, stated  that the                                                               
committee  previously  heard  the companion  bill  introduced  by                                                               
Representative  Thompson and  passed it  with six  do passes  and                                                               
that bill  rests in the House  Rules Committee.  He  related that                                                               
SB 125  is a consumer protection  bill to assist the  consumer in                                                               
finding  and  purchasing  competitively   priced  vehicles.    He                                                               
explained that  this bill basically updates  the statute referred                                                               
to  as the  Alaska  Auto  Dealers Practices  Act.   It  clarifies                                                               
several provisions that  were unclear to the consumer  and to the                                                               
dealers  who were  trying to  abide  by the  law.   The bill  was                                                               
drafted  closely   with  Ed  Sniffen,  the   consumer  protection                                                               
attorney, in the  Department of Law.  He offered  his belief that                                                               
the bill strikes a balance between the consumers, dealers, and                                                                  
the Department of Law.                                                                                                          
                                                                                                                                
4:55:41 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON agreed the committee heard the companion bill, but                                                                  
said the bill still would receive the proper vetting.                                                                           
                                                                                                                                
[SB 125 was held over.]