00                      HOUSE JOINT RESOLUTION NO. 35                                                                     
01 Proposing an amendment to the Constitution of the State of Alaska relating to state                                     
02 debt.                                                                                                                   
03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1. Article IX, sec. 8, Constitution of the State of Alaska, is amended to read:                          
05            Section 8. State Debt. No state debt shall be contracted unless                                            
06       [AUTHORIZED BY LAW FOR CAPITAL IMPROVEMENTS OR UNLESS                                                             
07       AUTHORIZED BY LAW FOR HOUSING LOANS FOR VETERANS, AND]                                                            
08       ratified by a majority of the qualified voters of the State who vote on the question. The                         
09       State may, as provided by law and without ratification, contract debt for the purpose of                          
10       repelling invasion, suppressing insurrection, defending the State in war, meeting                                 
11       natural disasters, or redeeming indebtedness outstanding at the time this constitution                            
12       becomes effective.                                                                                                
13    * Sec. 2. The amendment proposed by this resolution shall be placed before the voters of the                       
14 state at the next general election in conformity with art. XIII, sec. 1, Constitution of the State                      
15 of Alaska, and the election laws of the state.