HB 213-PUBLIC SCHOOL TRUST FUND                                                                             
                                                                                                                                
4:43:00 PM                                                                                                                    
CHAIR  MEYER  announced  consideration   of  HB  213.  [SCS  CSHB                                                               
213(FIN), version 30-LS0765\T, was before the committee.]                                                                       
                                                                                                                                
REPRESENTATIVE KELLY  moved to adopt  SCS CSHB  213(RLS), version                                                               
30-LS0765\I.                                                                                                                    
                                                                                                                                
CHAIR MEYER objected for discussion purposes.                                                                                   
                                                                                                                                
SENATOR BISHOP,  Alaska State  Legislature, Juneau,  Alaska, said                                                               
both these bills complement each other in supporting education.                                                                 
                                                                                                                                
4:44:26 PM                                                                                                                    
PETE FELMAN,  staff to Senator Bishop,  Alaska State Legislature,                                                               
Juneau, Alaska,  provided a sectional  analysis for SCS  CSHB 213                                                               
(RLS), version 30-LS0765\I. He stated as follows:                                                                               
                                                                                                                                
Section 1,  page 1, line  11 is legislative intent  language that                                                               
makes it  clear that the intent  is that any money  raised by the                                                               
education raffle  will supplement  - not  supplant -  any current                                                               
funding.                                                                                                                        
                                                                                                                                
Section 2  is on  page 2,  line 26,  allows adding  the Permanent                                                               
Fund  Education Raffle  to the  statutes, exempting  it from  the                                                               
gambling statutes.                                                                                                              
                                                                                                                                
CHAIR MEYER interrupted to ask  him for just a high-level summary                                                               
since this bill had been heard before.                                                                                          
                                                                                                                                
MR.   FELMAN  skipped   to  Section   7  that   allows  for   the                                                               
contributions to  be categorized according  to how much  money is                                                               
in the donations.                                                                                                               
                                                                                                                                
Section  8 creates  the  Education Endowment  Fund  that will  be                                                               
managed by the commissioner.                                                                                                    
                                                                                                                                
Section 8  also creates the Dividend  Raffle Fund that has  a cap                                                               
of $300 million and it allows  donations to go in and then prizes                                                               
to be  paid out of that.  Eighty-five percent of that  money will                                                               
stay in the Raffle Fund.                                                                                                        
                                                                                                                                
Section 9 has no changes.                                                                                                       
                                                                                                                                
4:46:34 PM                                                                                                                    
Section 10 provides for an effective date.                                                                                      
                                                                                                                                
CHAIR   MEYER,  finding   no  further   questions,  removed   his                                                               
objection.                                                                                                                      
                                                                                                                                
REPRESENTATIVE  KELLY  moved to  report  SCS  CSHB 213(RLS)  from                                                               
committee   with  individual   recommendations.  There   were  no                                                               
objections and it was so ordered.