MINUTES                                                                        
SENATE FINANCE COMMITTEE                                                       
23 January, 1998                                                               
8:55 am                                                                        
                                                                               
TAPES                                                                          
                                                                               
SFC 98  # 5, Side 1 (000-590)                                                  
   Side 2 (599-000)                                                            
SFC 98  # 6, Side 1 (000-255)                                                  
                                                                               
                                                                               
CALL TO ORDER                                                                  
                                                                               
Senator Drue Pearce, Co-chair, convened the meeting at                         
approximately 8:55 am.                                                         
                                                                               
                                                                               
PRESENT                                                                        
                                                                               
In addition to Co-chairman Pearce, Senators Sharp, Donley,                     
Adams, Parnell and Phillips were present when the meeting                      
was convened.  Senator Torgerson arrived shortly thereafter.                   
                                                                               
Also Attending:  Senators Jerry Ward and Gary Wilken;                          
Representative Gary Davies; Dwight Perkins, Special                            
Assistant, Office of the Commissioner, Department of Labor;                    
Chris Miller, Research and Analysis, Division of                               
Administrative Services, DL; John Boucher, Labor Analysis,                     
DAS, DL; Wilson Condon, Commissioner, Department of Revenue;                   
Ross Kinney, Deputy Commissioner, Division of Treasury, DR;                    
Bob Bartholomew, Deputy Director, Division of Income and                       
Excise, DR; Robert Storer, Chief Investment Officier, DT,                      
DR; Guy Bell, Director, Division of Administration Services,                   
Department of Commerce and Economic Development; Dave                          
Koivuniemi, Assistant Commissioner, Department of                              
Administration; Annalee McConnell, Director, Office of                         
Management and Budget, Office of the Governor; Juanita                         
Hensley; Steve McPheters; Mike Greany, Director, Division of                   
Legislative Finance; Fiscal Analysts, Ginger Patton, Dave                      
Tonkovich, and Fred Fisher; and aides to committee members                     
and other members of the Legislature.                                          
                                                                               
                                                                               
via Teleconference: Mark Boyer, Commissioner, Department of                    
Administration, from Anchorage                                                 
                                                                               
                                                                               
SUMMARY INFORMATION                                                            
                                                                               
STATE EMPLOYMENT REPORT                                                        
PRESENTED BY                                                                   
DEPARTMENT OF LABOR                                                            
                                                                               
                                                                               
CONSTITUTIONAL BUDGET RESERVE                                                  
FUND PERFORMANCE REPORT                                                        
PRESENTED BY                                                                   
DEPARTMENT OF REVENUE                                                          
                                                                               
RETIREMENT INCENTIVE PROGRAM UPDATE                                            
PRESENTED BY                                                                   
OFFICE OF MANAGEMENT AND BUDGET                                                
                                                                               
COLLECTIVE BARGAINING REVIEW                                                   
PRESENTED BY                                                                   
DEPARTMENT OF ADMINISTRATION                                                   
                                                                               
The meeting was recorded and handwritten log notes were                        
taken.  A copy of the tape and log notes may be obtained by                    
contacting either the Legislative Finance Division, PO Box                     
113200, Juneau, Alaska 99811-3200 (Phone: (907) 465-3795) or                   
the office of the Senate Finance Committee Secretary (Phone:                   
(907) 465-2618).                                                               
                                                                               
                                                                               
ADJOURNMENT                                                                    
                                                                               
The meeting was adjourned at approximately 11:00 am.                           
SFC-98 (2) 1/23/98 am