CS FOR HOUSE BILL NO. 412(FIN) am(brf pfld)                                  
                                                                               
       An Act making appropriations for the operating and loan                 
       program  expenses  of  state  government,  for  certain                 
       programs,  and   to   capitalize   funds;   making   an                 
       appropriation under  art. IX, sec.  17(c), Constitution                 
       of the State of Alaska,  from the constitutional budget                 
       reserve fund; and providing for an effective date.                      
                                                                               
  Co-chairman  Frank  reviewed subcommittee  report summaries.                 
  Department of  Education  following  review  by  co-chairman                 
  Frank and  brief question  and answer by  Karen Rehfeld  was                 
                                                                               
                                                                               
  moved by Senator Halford and  without objection was adopted.                 
  Department of Corrections was reviewed by co-chairman Frank.                 
  Senator Rieger asked  if the  label of appropriations  would                 
  state institutions or specify the institution to receive the                 
  monies.    Kathryn  Daughhetee  said  that  it  would  state                 
  institutions  and  co-chairman Frank  asked  her to  include                 
  specific institution instructions.  The summary was moved by                 
  Senator  Halford  and  without  objection  it  was  adopted.                 
  Department of Environmental Conservation following review by                 
  co-chairman Frank and  a brief  explanation of storage  tank                 
  grants by  Barbara Frank  was moved  by Senator  Halford and                 
  with the  objection  of Senator  Zharoff duly  noted it  was                 
  adopted by a vote of 6 - 1.  Department of Natural Resources                 
  following review by co-chairman Frank and brief question and                 
  answer by Nico Bus was moved by Senator Halford and with the                 
  objection of Senator Zharoff duly noted  it was adopted by a                 
  vote  of  6  -  1.    Department of  Commerce  and  Economic                 
  Development was reviewed by Senator  Sharp.  Senator Zharoff                 
  voiced concern about  limited flexibility of ASMI.   Senator                 
  Rieger voiced concern about tourism.  Co-chairman Frank said                 
  he  would hold these  two items  open for  later discussion.                 
  Senator Halford moved  the subcommittee report and  with the                 
  objection of Senator Zharoff duly noted  it was adopted by a                 
  vote of 6 -1.                                                                
                                                                               
  Formal  minutes  of  the  meeting  were not  prepared  since                 
  pertinent financial  information is available  in Conference                 
  Committee Reports  on  the  FY 97  operating  budget.    The                 
  meeting was  tape recorded  and handwritten  log notes  were                 
  taken.  A copy of the tapes and log notes may be obtained by                 
  contracting either  the Legislative Finance Division,  P. O.                 
  Box  113200, Juneau,  Alaska  99811-3200 (Phone:  (907) 465-                 
  3795)  or  the  office  of   the  Senate  Finance  Committee                 
  Secretary (Phone:  (907) 465-4935).                                          
                                                                               
  ADJOURNMENT                                                                  
                                                                               
  Co-chairman  Frank  recessed  the meeting  until  1:30  p.m.                 
  today.