MINUTES SENATE FINANCE COMMITTEE 26 January 1998 9:02 A.M. TAPES SFC-98, #7, Sides 1 and 2 CALL TO ORDER Senator Bert Sharp, Co-chair, convened the meeting at approximately 9:02 a.m. PRESENT In addition to Co-chairman Sharp, Senators Pearce, Phillips, Torgerson and Adams were present. Senators Donley and Parnell were not present. Also Attending: Senator Jerry Ward; Craig Johnson, staff to Senator Ward; Theodore Chandler, Vice-President Housing Impact for Fannie Mae; Danielle Loper, Division of Personnel Labor Relations, Department of Administration; Pamela LaBolle, President, Alaska State Chamber of Commerce; Peter A. Bushre, Chief Financial Officer, Alaska Permanent Fund Corporation, Department of Revenue; Jim Kelly, Research and Liaison Officer, Alaska Permanent Fund Corporation, Department of Revenue; Ginger Patton, Fiscal Analyst, Division of Legislative Finance; aides to committee members and other legislative members. via Teleconference: Stephen Routh, Esq., from Anchorage. SUMMARY INFORMATION CS FOR HOUSE BILL NO. 265(STA) am An Act relating to pamphlets, publications, plans, and records of state agencies; and relating to reports to and from state agencies and the governor. Representative Terry Martin was invited to join the committee and he reviewed his sponsor statement. Co-chair Sharp REPORTED OUT CSHB 265(STA)am without objection from the committee and zero fiscal notes from the Department of Commerce and Economic Development and the Department of Environmental Conservation. SENATE BILL NO. 221 An Act relating to negatively amortizing loans originated under a program approved or sponsored by the state or federal government. Theodore Chandler, Vice-President Housing Impact for Fannie Mae was invited to join the committee and explained SB 221. Mr. Stephen Routh, Esq., Anchorage Attorney also testified via teleconference. Senator Phillips moved amendments #1 and #2 and without objection both were adopted. Senator Sharp moved CSSB 221(FIN) with zero fiscal notes and individual recommendations and without objection it was reported out; zero fiscal note from the Department of Commerce and Economic Development. SENATE BILL NO. 209 An Act relating to the Task Force on Privatization; and providing for an effective date. Senator Jerry Ward was invited to join the committee and he reviewed his sponsor statement. Danielle Loper, Division of Personnel Labor Relations, Department of Administration testified on behalf of the bill. Pamela LaBolle, President, Alaska State Chamber of Commerce also testified before the committee on behalf of the bill. Senator Pearce moved SB 220 with individual recommendations and without objection it was REPORTED OUT with individual recommendations and $25.3 fiscal note from Legislative Affairs Agency and ** fiscal note from Office of Management and Budget. SENATE BILL NO. 220 An Act making a supplemental appropriation to the Alaska Permanent Fund Corporation; and providing for an effective date. Jim Kelly and Peter Bushre from the Alaska Permanent Fund Corporation were invited to join the committee and testified on behalf of the bill. Senator Torgerson moved amendment amount of $4,494,000 under general funds and also line 4 of page one ; without objection it was adopted. Senator Adams moved CSSB 220(FIN) and without objection it was REPORTED OUT. ADJOURNMENT Co-chair Pearce recessed the meeting at 10:15 a.m. noting time of 8:00 a.m. for tomorrow's meeting. SFC-98 1 1/26/98