SENATE BILL NO. 46                                                                                                         
     "An Act making capital appropriations and appropriations to                                                                
      capitalize funds; and providing for an effective date."                                                                   
                                                                                                                                
                                                                                                                                
This  bill  had  been   heard  previously  in  the  Senate   Finance                                                            
Committee.                                                                                                                      
                                                                                                                                
Co-Chair  Wilken moved  to adopt  committee substitute  Version  24-                                                            
GS1074\G as the working document.                                                                                               
                                                                                                                                
Senator   Hoffman  asked   for  an   explanation   of  the   changes                                                            
incorporated into Version  "G" as compared to the previous committee                                                            
substitute, Version 24-GS1074\Y.                                                                                                
                                                                                                                                
5:10:32 PM                                                                                                                    
                                                                                                                                
GINGER BLAISDELL,  Staff  to Senator Green,  explained that  Version                                                            
"G" is limited to three  program areas. Those areas include Governor                                                            
Frank Murkowski's  request  for full funding  for the Department  of                                                            
Environmental   Conservation's  Village  Safe  Water   Program;  the                                                            
Department of Transportation  and Public Facilities STIP program and                                                            
the match required  for that; and  the Department of Transportation                                                             
and Public  Facilities' airport  improvement  program and the  State                                                            
match required for that."  This bill would be limited to those three                                                            
programs.                                                                                                                       
                                                                                                                                
Senator  Hoffman  inquired  to  the  status  of  the  federal  funds                                                            
specified for  armories in the Department  of Military and  Veterans                                                            
Affairs.                                                                                                                        
                                                                                                                                
5:11:38 PM                                                                                                                    
                                                                                                                                
Ms. Blaisdell  noted that "a number of other types  of federal funds                                                            
were requested in the Governor's  original capital budget". However,                                                            
the  three  aforementioned  programs  were  selected  due  to  their                                                            
significant federal impact  statewide. The "choice" was made not "to                                                            
go project by project in each agency."                                                                                          
                                                                                                                                
There being no  objection, the Version "G" committee  substitute was                                                            
ADOPTED as the working document.                                                                                                
                                                                                                                                
AT EASE 5:12:16 PM / 5:13:28 PM                                                                                             
                                                                                                                                
Co-Chair Green  informed the Committee  that pages 26 and  27 of the                                                            
bill would  identify the totals of  the expenditures and  what funds                                                            
would be utilized to support this budget.                                                                                       
                                                                                                                                
5:13:50 PM                                                                                                                    
                                                                                                                                
Senator Hoffman  noted that the Department of Military  and Veterans                                                            
Affairs projects identified  on page 38 of the committee substitute,                                                            
Version "Y" were entirely federally funded projects.                                                                            
                                                                                                                                
AT EASE 5:14:27 PM / 5:14:39 PM                                                                                             
                                                                                                                                
Co-Chair  Wilken offered  a motion  to report  committee  substitute                                                            
Version "G" from Committee with individual recommendations.                                                                     
                                                                                                                                
There  being  no  objection,  CS  SB  46  (FIN)  was  REPORTED  from                                                            
Committee.                                                                                                                      
                                                                                                                                
AT EASE 5:15:09 PM / 5:16:21 PM                                                                                             
                                                                                                                                
RECESS TO CALL OF CHAIR 5:16:29 PM / 7:05 PM