SENATE BILL NO. 20                                                                                                            
                                                                                                                                
     "An  Act making  appropriations for  the operating  and                                                                    
     loan  program  expenses  of state  government  and  for                                                                    
     certain   programs;    capitalizing   funds;   amending                                                                    
     appropriations;  making appropriations  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-Chair Stedman discussed housekeeping.                                                                                        
                                                                                                                                
9:05:25 AM                                                                                                                    
                                                                                                                                
Co-Chair von  Imhof MOVED to ADOPT  the committee substitute                                                                    
for SB 20, Work Draft 31-GS1905\S (Bruce, 3/11/19).                                                                             
                                                                                                                                
Co-Chair Stedman OBJECTED for discussion.                                                                                       
                                                                                                                                
9:06:01 AM                                                                                                                    
                                                                                                                                
DAVID   TEAL,   DIRECTOR,  LEGISLATIVE   FINANCE   DIVISION,                                                                    
explained the  committee substitute.  He stated that  it was                                                                    
designed to simplify the  amendment process by incorporating                                                                    
all the superficial changes to  the bill before that process                                                                    
began. He  noted that  the Office  of Management  and Budget                                                                    
(OMB)  had reviewed  the  changes to  the  document and  had                                                                    
agreed  that the  cs  retained the  original  intent of  the                                                                    
governors    proposal  and   that   the  transactions   were                                                                    
identical to version  M. He noted that there  was a document                                                                    
on  the  internet  that   showed  the  significant  language                                                                    
differences between versions M and S.                                                                                           
                                                                                                                                
9:07:45 AM                                                                                                                    
                                                                                                                                
Co-Chair  Stedman stated  that the  committee substitute  be                                                                    
amending  version  S  and then  would  craft  the  committee                                                                    
version of the bill in several weeks.                                                                                           
                                                                                                                                
9:08:12 AM                                                                                                                    
                                                                                                                                
Co-Chair  Stedman  REMOVED  the OBJECTION.  There  being  NO                                                                    
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
SB  20  was   HEARD  and  HELD  in   committee  for  further                                                                    
consideration.                                                                                                                  
                                                                                                                                
9:08:34 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:10:10 AM                                                                                                                    
RECONVENED