CHAIRMAN LEMAN brings up SB 304 (AHFC BONDS FOR UNIV. OF ALASKA USES) as the next order of business before the Senate State Affairs Committee and calls the first witness. Number 235 ALLISON ELGEE, Budget Director, University of Alaska, states the governor introduced SB 304 to provide for 75,000,000$ in bonds to cover deferred maintenance. These bonds would take care of approximately one-half of the university's identified deferred maintenance. 30,000,000$ would be bonded through the Alaska Housing Finance Corporation (AHFC), while 45,000,000$ would be bonded under the university's debt authority. MS. ELGEE states SB 304 was amended in the Senate Health, Education & Social Services Committee to include 34,500,000$ of additional bonds through AHFC for new student housing in Anchorage and Juneau. Number 246 SENATOR TAYLOR moves amendment #1. CHAIRMAN LEMAN reads amendment #1: page 3, line 2, delete "6,000,000$", insert "7,500,000$". CHAIRMAN LEMAN asks Ms. Elgee if she would like to respond to the amendment. MS. ELGEE responds she is aware of the amendment, and knows that Regent Lew Williams is actively supporting the amendment. It is not a surprise to her. Number 260 CHAIRMAN LEMAN asks if the University of Alaska supports the amendment. Number 261 MS. ELGEE responds that one of the regents very actively supports the amendment, but it has not been before the full board, so she cannot give a response as to the board's position on the amendment. Number 269 CHAIRMAN LEMAN asks if anyone in the audience would like to respond to amendment #1. The chairman asks if there is any objection to the amendment. Hearing no objection, the chairman states amendment Number 282 CHAIRMAN LEMAN notes for the record that other areas of SB 304 may change as a result of amendment #1. The chairman asks Senator Taylor if it was his intent to adopt those conceptual changes along with amendment #1. SENATOR TAYLOR states it was his intent to do so. CHAIRMAN LEMAN asks if there is any objection to the conceptual changes. CHAIRMAN LEMAN, hearing no objection, states the conceptual changes have been approved. The chairman asks if there is any further discussion regarding SB 304 or if anyone else would like to testify. SENATOR MILLER makes a motion to discharge SB 304 from the Senate State Affairs Committee with individual recommendations. Number 288 CHAIRMAN LEMAN, hearing no objection, orders SB 304 released from committee with individual recommendations.