SENATE FINANCE COMMITTEE                                                                                      
                       April 11, 2011                                                                                           
                         9:04 a.m.                                                                                              
                                                                                                                                
                                                                                                                                
9:04:40 AM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair Stedman called the Senate Finance Committee                                                                            
meeting to order at 9:04 a.m.                                                                                                   
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Lyman Hoffman, Co-Chair                                                                                                 
Senator Bert Stedman, Co-Chair                                                                                                  
Senator Johnny Ellis                                                                                                            
Senator Dennis Egan                                                                                                             
Senator Donny Olson                                                                                                             
Senator Joe Thomas                                                                                                              
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
Senator Lesil McGuire, Vice-Chair                                                                                               
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
Senator Bettye Davis; Senator Joe Paskvan                                                                                       
                                                                                                                                
PRESENT VIA TELECONFERENCE                                                                                                    
                                                                                                                                
None                                                                                                                            
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
SB   5    MEDICAL ASSISTANCE ELIGIBILITY                                                                                        
                                                                                                                                
SB 101    ENTITY TRANSACTIONS ACT                                                                                               
                                                                                                                                
SENATE BILL NO. 5                                                                                                             
                                                                                                                                
     "An Act relating to eligibility requirements for                                                                           
     medical assistance for certain children and pregnant                                                                       
     women; and providing for an effective date."                                                                               
                                                                                                                                
9:06:10 AM                                                                                                                    
                                                                                                                                
SENATOR  BETTYE DAVIS  explained  the bill.  She stated  that                                                                   
the bill would reinstate Denali Kid Care.                                                                                       
                                                                                                                                
Co-Chair Stedman discussed the fiscal notes.                                                                                    
                                                                                                                                
Co-Chair Hoffman MOVED  to report SB 5 out  of committee with                                                                   
individual recommendations and  the three accompanying fiscal                                                                   
impact note(s). Seeing NO OBJECTION it was so ordered.                                                                          
                                                                                                                                
SB  5  was  REPORTED  out  of  committee  with  a  "do  pass"                                                                   
recommendation  and with  three  previously published  fiscal                                                                   
impact  notes  from  the  Department  of  Health  and  Social                                                                   
Services.                                                                                                                       
                                                                                                                                
SENATE BILL NO. 101                                                                                                           
                                                                                                                                
     "An  Act adopting  the Alaska  Entity Transactions  Act;                                                                   
     relating  to changing  the form  of entities,  including                                                                   
     corporations,     partnerships,    limited     liability                                                                   
     companies,  business  trusts, and  other  organizations;                                                                   
     amending Rule  79, Alaska Rules of Civil  Procedure, and                                                                   
     Rules  602(b)(2),  602(c), and  605.5,  Alaska Rules  of                                                                   
     Appellate  Procedure;  and  providing for  an  effective                                                                   
     date."                                                                                                                     
                                                                                                                                
9:08:12 AM                                                                                                                    
                                                                                                                                
SENATOR  JOE  PASKVAN   stated  that  SB  101   would  update                                                                   
Alaska's  corporate structure.  He  remarked  that there  had                                                                   
been different types  of legal entities that  had been formed                                                                   
in Alaska,  like  limited liability  corporations or  limited                                                                   
liability  partnerships. He  stated that  SB 101 would  allow                                                                   
for  mergers,  conversions,  interest  exchanges,  and  other                                                                   
types of  entity transactions to  be easier to obtain  in the                                                                   
state of Alaska.                                                                                                                
                                                                                                                                
Co-Chair Stedman discussed the one zero fiscal note.                                                                            
                                                                                                                                
Co-Chair  Hoffman MOVED  to report  SB 101  out of  committee                                                                   
with  individual recommendations  and  the accompanying  zero                                                                   
fiscal note. Seeing NO OBJECTION it was so ordered.                                                                             
                                                                                                                                
SB  101  was REPORTED  out  of  committee  with a  "do  pass"                                                                   
recommendation and  with accompanying a previously  published                                                                   
zero fiscal note from the Department  of Commerce, Community,                                                                   
and Economic Development.                                                                                                       
                                                                                                                                
9:09:54 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:10:01 AM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
ADJOURNMENT                                                                                                                   
9:10:31 AM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 9:10 AM.