SENATE FINANCE COMMITTEE                                                                                       
                       May 15, 2025                                                                                             
                        1:31 p.m.                                                                                               
                                                                                                                                
1:31:19 PM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair Hoffman called the Senate Finance Committee                                                                            
meeting to order at 1:31 p.m.                                                                                                   
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Lyman Hoffman, Co-Chair                                                                                                 
Senator Donny Olson, Co-Chair                                                                                                   
Senator Bert Stedman, Co-Chair                                                                                                  
Senator Mike Cronk                                                                                                              
Senator James Kaufman                                                                                                           
Senator Jesse Kiehl                                                                                                             
Senator Kelly Merrick                                                                                                           
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
None                                                                                                                            
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
SB 156    AK COMMERCIAL FISHING & AG BANK; LOANS                                                                                
                                                                                                                                
          CSSB 156(FIN) was REPORTED out  of committee with                                                                     
          three "do pass" recommendations and with four "no                                                                     
          recommendation" recommendations, and with one new                                                                     
          zero fiscal note by  the Senate Finance Committee                                                                     
          for  the Department  of  Commerce, Community  and                                                                     
          Economic Development.                                                                                                 
                                                                                                                                
Co-Chair Hoffman discussed the agenda.                                                                                          
                                                                                                                                
SENATE BILL NO. 156                                                                                                           
                                                                                                                                
     "An  Act  relating  to  the  Department  of  Commerce,                                                                     
     Community, and  Economic Development; relating  to the                                                                     
     Alaska  Commercial   Fishing  and   Agriculture  Bank;                                                                     
     relating  to   certain  loans   made  by   the  Alaska                                                                     
     Commercial Fishing and Agriculture Bank; and providing                                                                     
     for an effective date."                                                                                                    
                                                                                                                                
1:31:38 PM                                                                                                                    
                                                                                                                                
Chair  Hoffman recalled that  the  committee had  heard the                                                                     
bill on  May 6 and May  14, and had  taken public testimony                                                                     
and  reviewed fiscal  notes.  The committee  had adopted  a                                                                     
Committee Substitute (CS) on May 14,2025.                                                                                       
                                                                                                                                
Senator  Kiehl  MOVED  to   report  CSSB  156(FIN)  out  of                                                                     
Committee   with   individual   recommendations   and   the                                                                     
accompanying fiscal note. There being  NO OBJECTION, it was                                                                     
so ordered.                                                                                                                     
                                                                                                                                
CSSB 156(FIN) was REPORTED out  of committee with three "do                                                                     
pass"  recommendations and  with  four "no  recommendation"                                                                     
recommendations, and with  one new zero fiscal  note by the                                                                     
Senate Finance  Committee for  the Department  of Commerce,                                                                     
Community and Economic Development.                                                                                             
                                                                                                                                
1:32:40 PM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
1:32:56 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair Hoffman relayed that  the committee's next meeting                                                                     
was the following morning at nine o'clock in the morning.                                                                       
                                                                                                                                
ADJOURNMENT                                                                                                                   
1:33:06 PM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 1:33 p.m.