CS FOR HOUSE BILL NO. 322(TRA) am                                                                                             
                                                                                                                                
     "An Act  relating to the  Alaska marine  highway system                                                                    
     fund;  relating to  the  Alaska  marine highway  system                                                                    
     vessel replacement fund; relating  to the Alaska higher                                                                    
     education  investment   fund;  and  providing   for  an                                                                    
     effective date."                                                                                                           
                                                                                                                                
10:07:29 AM                                                                                                                   
                                                                                                                                
KERRY   CROCKER,   STAFF,  REPRESENTATIVE   LOUISE   STUTES,                                                                    
introduced the  legislation. He stated  that the  bill would                                                                    
move the  Alaska marine highway  system fund and  the vessel                                                                    
replacement  fund to  the state  treasury  from the  general                                                                    
fund.                                                                                                                           
                                                                                                                                
Senator  Wilson  wondered  whether  the  bill  would  create                                                                    
 winners and losers about which funds would be sweepable.                                                                       
                                                                                                                                
Mr.  Crocker  replied  that  the  process  showed  that  the                                                                    
product added two funds to the list.                                                                                            
                                                                                                                                
Senator Wilson  felt that eleven  more funds could  be added                                                                    
to the list.                                                                                                                    
                                                                                                                                
10:10:47 AM                                                                                                                   
                                                                                                                                
Co-Chair  Stedman felt  that the  marine highways  funds had                                                                    
specific  requirements,  so  there  should  be  a  different                                                                    
determination of those funds.                                                                                                   
                                                                                                                                
Senator  Wilson  felt  that the  crime  victim  compensation                                                                    
funds  was more  important for  his district.  He felt  that                                                                    
there were  many funds in  the account that  benefitted many                                                                    
Alaskans.                                                                                                                       
                                                                                                                                
Co-Chair Bishop OPENED and CLOSED public testimony.                                                                             
                                                                                                                                
10:13:51 AM                                                                                                                   
AT EASE                                                                                                                         
                                                                                                                                
10:14:14 AM                                                                                                                   
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair Bishop discussed the afternoon meeting's agenda.                                                                       
                                                                                                                                
CSHB 322(TRA)  was HEARD and  HELD in committee  for further                                                                    
consideration.