SB 180-LAND SALES PRACTICES                                                                              
                                                                                                                                
3:46:31 PM                                                                                                                    
CHAIR  BISHOP called  the  meeting back  to  order and  announced                                                               
consideration of SB 180, version 30-GS2810\A.                                                                                   
                                                                                                                                
3:46:44 PM                                                                                                                    
MIKE  NAVARRE,  Commissioner-designee,  Department  of  Commerce,                                                               
Community  and Economic  Development (DCCED),  Anchorage, Alaska,                                                               
said SB 180  was recommended by the recently  retired director of                                                               
the  Division  of  Banking  and  Securities,  because  land  sale                                                               
practices law  was obsolete. It  was consumer protection  law put                                                               
in statute  in 1968  mostly for developers  coming to  Alaska and                                                               
taking  advantage   of  a  lack  of   sophistication  by  Alaskan                                                               
consumers.  It  hasn't been  used  since  2000 and  the  consumer                                                               
protection  in real  estate law  and regulations  in Alaska  have                                                               
significantly  changed since  then and  these protections  are no                                                               
longer necessary.  At the time  it was  adopted it was  a uniform                                                               
law  and  only  nine  other   states  adopted  it.  The  National                                                               
Conference  of Commissioners  of Uniform  State Laws  recommended                                                               
withdrawing it in 2012 as obsolete.                                                                                             
                                                                                                                                
3:48:43 PM                                                                                                                    
CHAIR  BISHOP,  finding  no  questions  from  committee  members,                                                               
opened public testimony.                                                                                                        
                                                                                                                                
MR. NAVARRE said  this language was not available  to the reviser                                                               
of statutes  and can't be  removed that  way. So, it  was brought                                                               
before the legislature for repeal.                                                                                              
                                                                                                                                
CHAIR BISHOP noted the next  committee of referral was Judiciary,                                                               
and finding no further comments, closed public testimony.                                                                       
                                                                                                                                
SENATOR  STEDMAN  moved  to  report   SB  180,  version  A,  from                                                               
committee  with individual  recommendations  and attached  fiscal                                                               
note(s). There were no objections and it was so ordered.