1996-03-13                     House Journal                      Page 3124
HB 428                                                                       
Nays:  Barnes, Bunde, G.Davis, Foster, Hanley, Ivan, Kohring, Martin,          
Mulder, Ogan, Parnell, Phillips, Porter, Rokeberg, Toohey                      
                                                                               
Excused:  B.Davis, Nicholia                                                    
                                                                               
Ivan changed from "Yea" to "Nay".                                              
                                                                               
And so, Amendment No. 4 as amended was adopted.                                
                                                                               
                                                                               
Amendment No. 5 was offered  by Representative Finkelstein:                     
                                                                               
Page 1, line 1 to page 4, line 24:                                             
                                                                               
Delete all material                                                           
                                                                               
	Insert  "An Act providing for the issuance of general obligation             
bonds in the amount of $148,500,000 for the purpose of paying the              
cost of design and construction of state correctional facilities; and          
providing for an effective date.                                               
                                                                              
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF                               
ALASKA:                                                                        
                                                                               
	* Section 1.  For the purpose of paying the cost of design and              
construction of correctional facilities of the state, general obligation       
bonds of the state in the principal amount of not more than                    
$148,500,000 shall be issued and sold.  The full faith, credit, and            
resources of the state are pledged to the payment of the principal of          
and interest and redemption premium, if any, on the bonds.  The bonds          
shall be issued under the provisions of AS37.15 as those provisions            
read at the time of issuance.                                                  
	* Sec. 2.  If the issuance of the bonds is authorized by the                
qualified voters of the state, a special fund of the state to be known as      
the State Correctional Facility Construction Fund shall be                     
established, to which shall be credited the proceeds of the sale of the        
bonds described in sec.1 of this Act except for the accrued interest and       
premiums.                                                                      
	* Sec. 3.  The amount of $148,500,000 is appropriated from the              
"State Correctional Facility Construction Fund" to the Department of           
Transportation  and  Public  Facilities  to  be  allocated  among  the