SENATE BILL NO. 71 "An Act relating to special request registration plates celebrating the arts; relating to artwork in public buildings and facilities; relating to the management of artwork under the art in public places fund; relating to the powers and duties of the Alaska State Council on the Arts; and providing for an effective date." Co-Chair Bishop announced that this was the third hearing of the bill in committee. Senator Olson MOVED to ADOPT proposed committee substitute for SB 71, Work Draft 32-LS0310\W (Fisher, 4/19/21). Co-Chair Bishop OBJECTED for discussion. 9:09:37 AM Ms. Shine relayed that the proposed CS contained amendments adopted in the previous bill hearing in committee. She noted that the first change was a title amendment, which added the establishment of the Alaska Arts and Cultural Investment fund. She furthered that in Section 1, page 2, lines 12-13, were conforming changes to Section 6. She added that Section 2, page 2, lines 14-15, added the fund created in Section 6, to AS 37.05.146(C). She detailed that Section 4, page 3, line 11, which added the management of the fund as they duty of the Alaska State Council on the Arts. The new Section 6 detailed that the fund was created in the general fund and consisted of money appropriated by the legislature, including donations, monies from other sources, and interest earned on the fund. She related that Section 5 had been removed. 9:11:05 AM Co-Chair Bishop WITHDREW his objection. There being NO OBJECTION, it was so ordered. 9:11:16 AM Senator Wielechowski discussed a fiscal note from Department of Education and Early Development, OMB Component number 3193, which listed a one-time expenditure of $6,000 for legal fees to implement the necessary regulation changes and for policy review. Senator Wielechowski addressed a fiscal note from the Department of Administration, which projected expected revenue from license plate cost increases that would annually raise 55,560 between FY22-FY27. 9:12:05 AM Senator Olson MOVED to report CSSB 71(FIN) out of Committee with individual recommendations and the accompanying fiscal notes. There being NO OBJECTION, it was so ordered. CSSB 71(FIN) was REPORTED out of committee with a "do pass" recommendation and with one new fiscal impact note from the Department of Education and Early Development and one previously published fiscal impact note: FN 1(ADM).