SENATE RULES COMMITTEE May 1, 2000 7:02 p.m. MEMBERS PRESENT Senator Tim Kelly, Chair Senator Loren Leman, Vice Chair Senator Mike Miller Senator Drue Pearce Senator Johnny Ellis MEMBERS ABSENT None COMMITTEE CALENDAR CS FOR HOUSE BILL NO. 18(FIN) "An Act making a special appropriation in an amount not to exceed $250,000,000 from the earnings reserve account to the principal of the permanent fund; and providing for an effective date." -MOVED CSHB 18(FIN) OUT OF COMMITTEE CS FOR HOUSE BILL NO. 281(FIN) am "An Act relating to the financing of construction of public school facilities, facilities for the University of Alaska, and facilities for ports and harbors; authorizing the commissioner of revenue to sell the right to receive a portion of the anticipated revenue from a certain tobacco litigation settlement to the Alaska Housing Finance Corporation; relating to the deposit of certain anticipated revenue from a certain tobacco litigation settlement; authorizing the issuance of bonds by the Alaska Housing Finance Corporation with proceeds to finance public school construction, facilities for the University of Alaska, and facilities for ports and harbors; providing for the creation of subsidiary corporations of the Alaska Housing Finance Corporation for the purpose of financing or facilitating the financing of public school construction, facilities for the University of Alaska, and facilities for ports and harbors; and providing for an effective date." -MOVED ALL SENATE VERSIONS OUT OF COMMITTEE CS FOR HOUSE BILL NO. 287(FIN) am(reengrossed)(efd fld) "An Act making capital appropriations that are funded from the sale of revenue bonds that are issued by the Alaska Housing Finance Corporation or a subsidiary of the Alaska Housing Finance Corporation and that are to be repaid either from the revenue derived from the settlement of State of Alaska v. Philip Morris, Incorporated, or from revenue of the Alaska Housing Finance Corporation to the Department of Education and Early Development for public school facilities, to the University of Alaska for facilities for the University of Alaska, and to the Department of Transportation and Public Facilities for facilities for ports and harbors." -MOVED ALL SENATE VERSIONS OUT OF COMMITTEE HOUSE BILL NO. 238 "An Act establishing a federal tax obligation loan program under the commercial fishing loan program." -HEARD AND HELD PREVIOUS SENATE COMMITTEE ACTION HB 18 - No previous Senate action. HB 281 - See Finance Report dated 5/01/00. HB 287 - See Finance Report dated 5/01/00. HB 238 - See Resources minutes dated 4/19/00. ACTION NARRATIVE TAPE 00-15, SIDE A CHAIRMAN KELLY called the Senate Rules Committee meeting to order at 7:02 p.m. All members were present. SENATOR LEMAN moved to calendar, at the Chairman's discretion, HB 18-APPROP: EARNINGS RESERVE TO PERM FUND with individual recommendations. There being no objection, the motion carried. SENATOR LEMAN moved to calendar HB 281-BONDS:PUBLIC SCHOOLS/UNIV/HARBORS, at the Chairman's discretion, with individual recommendations. There being no objection, the motion carried. SENATOR LEMAN moved to calendar, at the Chairman's discretion, HB 287-APPROPRIATIONS: SCHOOLS/UNIV./HARBORS with individual recommendations. SENATOR ELLIS objected and asked whether the bond bills reflect the versions that will be before the Senate on the floor. He expressed concern that the Senate Finance Committee discussed conceptual amendments. CHAIRMAN KELLY answered the final Senate Finance Committee versions will be available on the Senate floor. SENATOR ELLIS removed his objection therefore the motion to calendar HB 287 carried. HB 238-TAX OBLIGATION LOAN PROGRAM FOR FISHERS CHAIRMAN KELLY explained that a Senate Rules Committee substitute is being prepared and that it makes two changes: it contains a two year sunset provision and it ensures that the 288 people who have already received loans will not be eligible for another loan. This bill extends the original program which allows people to get one loan during a lifetime. SENATOR LEMAN asked if this program is administered through the Department of Community and Economic Development. CHAIRMAN KELLY said as he understands it, this program was "sunsetted out" and this bill revives it for two years. It allows people one loan limited to $30,000. SENATOR PEARCE suggested waiting for the Senate Rules Committee substitute to arrive before calendaring the bill. SENATOR LEMAN noted the bill will satifsy federal tax obligations. CHAIRMAN KELLY announced HB 238 would be heard again the following morning. There being no further business to come before the committee, CHAIRMAN KELLY adjourned the meeting.