CS FOR HOUSE BILL NO. 190(FIN) "An Act amending the Alaska children's trust and relating to the trust; establishing a children's trust grant account; relating to birth certificates and certificates of marriage; relating to special request Alaska children's trust license plates; and amending the State Procurement Code to exempt the Alaska children's trust and the Alaska Children's Trust Board." Co-Chair Stedman said it was the first hearing on the bill. He noted three zero fiscal notes from the Department of Health and Social Services, the Department of Revenue, and the Department of Commerce, Community, and Economic Development. REPRESENTATIVE ANNA FAIRCLOUGH, SPONSOR, explained that the purpose of the bill is to help prevent child abuse in Alaska. She related that almost two years ago the Alaska Children's Trust (ACT), the ACT Board, and Friends of the Alaska Children's Trust brought forth issues to legislators. The problem was developing a public/private partnership that works and drawing donors in to contribute to a fund that the legislature capitalized several years ago with a $6 million appropriation. The Trust currently has difficulties and restrictions that allow a grantee only to receive 100 percent funding in the first year, followed by a 50 percent reduction, followed by a 25 percent reduction. If the Trust finds someone doing a good job, they are unable to function because they have to withdraw funds per state statute. Representative Fairclough continued to say that the bill attempts to provide a public/private partnership. It sets a funding mechanism based on a percent of market value of the Trust. It would take a 5 percent rolling average and place it into an established grant account. The fund would be managed by the Department of Revenue and exempt the Trust from the procurement process, make grant writing and processing more efficient, and make the government more accountable to private sector donations. 9:56:36 AM PANU LUCIER, EXECUTIVE DIRECTOR, FRIENDS OF THE ALASKA CHILDREN'S TRUST & ALASKA CHILDREN'S TRUST, urged support of the bill. She shared her background working with child abuse prevention and the frustration with current statute. She shared the benefits of the bill. HB 190 was heard and HELD in Committee for further consideration. 9:58:18 AM