1996-05-03                     Senate Journal                      Page 3886
HB 525                                                                       
HOUSE BILL NO. 525 An Act designating certain permissible                      
investments by the Alaska Permanent Fund Corporation in taxable                
municipal or state debt securities and corporate debt securities;              
changing the allocation limits on domestic and nondomestic                     
government and corporate securities, nondomestic corporate                     
promissory notes, domestic and nondomestic corporate stocks, and               
taxable government debt securities; and providing for an effective             
date was read the second time.                                                 
                                                                               
Senator Halford moved and asked unanimous consent that the bill be             
advanced to third reading and placed on final passage.  Without                
objection, it was so ordered.                                                  
                                                                               
HOUSE BILL NO. 525 was read the third time.                                    
                                                                               
The question being: Shall HOUSE BILL NO. 525 An Act                            
designating certain permissible investments by the Alaska Permanent            
Fund Corporation in taxable municipal or state debt securities and             
corporate debt securities; changing the allocation limits on domestic          
and nondomestic government and corporate securities, nondomestic               
corporate promissory notes, domestic and nondomestic corporate                 
stocks, and taxable government debt securities; and providing for an           
effective date pass the Senate?  The roll was taken with the                   
following result:                                                              

1996-05-03                     Senate Journal                      Page 3887
HB 525                                                                       
                                                                               
HB 525                                                                         
Third Reading - Final Passage                                                  
Effective Date                                                                 
                                                                               
YEAS:  17   NAYS:  1   EXCUSED:  1   ABSENT:  1                              
                                                                               
Yeas:  Donley, Duncan, Ellis, Frank, Green, Hoffman, Leman,                    
Lincoln, Miller, Pearce, R.Phillips, Rieger, Salo, Sharp, Taylor,              
Torgerson, Zharoff                                                             
                                                                               
Nays:  Halford                                                                 
                                                                               
Excused:  Adams                                                                
                                                                               
Absent:  Kelly                                                                 
                                                                               
and so, HOUSE BILL NO. 525 passed the Senate.                                  
                                                                               
Senator Halford moved and asked unanimous consent that the vote                
on the passage of the bill be considered the vote on the effective             
date clause.  Without objection, it was so ordered and the bill was            
signed by the President and Secretary and returned to the House.