HB 119-AIDEA:DIVIDEND TO STATE;INCOME;VALUATION                                                                     
                                                                                                                                
3:31:53 PM                                                                                                                    
                                                                                                                                
CHAIR KITO  announced that  the next order  of business  would be                                                               
HOUSE BILL  NO. 119, "An Act  relating to the dividends  from the                                                               
Alaska Industrial  Development and Export Authority;  relating to                                                               
the  meaning  of  'mark-to-market   fair  value,'  'net  income,'                                                               
'project  or  development,'  and 'unrestricted  net  income'  for                                                               
purposes  of   the  Alaska  Industrial  Development   and  Export                                                               
Authority; and providing for an effective date."                                                                                
                                                                                                                                
CHAIR KITO, after  ascertaining no one wished  to testify, closed                                                               
public testimony on HB 119.                                                                                                     
                                                                                                                                
3:32:38 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE WOOL  moved to report HB  119, Version 30-GH1677\A                                                               
out  of   committee  with  individual  recommendations   and  the                                                               
accompanying  fiscal notes.   There  being no  objection, HB  119                                                               
moved from the House Labor and Commerce Standing Committee.