Legislature(2003 - 2004)
2003-04-28 House JournalFull Journal pdf
2003-04-28 House Journal Page 1156 HB 203 The following was read the second time: 2003-04-28 House Journal Page 1157 HOUSE BILL NO. 203 "An Act relating to the definitions of 'net income' and 'unrestricted net income' for purposes of calculating the dividends to be paid to the state by the Alaska Industrial Development and Export Authority; and providing for an effective date." with the: Journal Page L&C RPT 4DP 2NR 765 FN1: INDETERMINATE(CED) 765 FIN RPT 8DP 1NR 1090 FN1: INDETERMINATE(CED) 1090 Amendment No. 1 was offered by Representative Berkowitz: Page 1, line 3, following "Authority;" (title amendment): Insert "relating to appropriations of the dividends to the Alaska Science and Technology Foundation;" Page 1, following line 4: Insert a new bill section to read: "* Section 1. AS 44.88.088(a) is amended to read: (a) The authority shall adopt a policy for payment of a dividend to the state each fiscal year. The amount of the dividend for a fiscal year may not be less than 25 percent nor more than 50 percent of the net income of the authority for the base fiscal year. In no event, however, shall the dividend for a fiscal year exceed the total unrestricted net income of the authority for the base fiscal year. The dividend for a fiscal year shall be made available by the authority before the end of that fiscal year. The authority shall notify the commissioner of revenue when the dividend for a fiscal year is available for appropriation. Each fiscal year, an amount equal to $5,000,000 or 25 percent of the dividend, whichever is greater, may be appropriated to the Alaska Science and Technology Foundation for payment as grants under AS 37.17.010 - 37.17.110 and AS 37.17.225." Page 1, line 5: Delete "Section 1." Insert "Sec. 2." 2003-04-28 House Journal Page 1158 Renumber the following bill sections accordingly. Page 2, line 4: Delete "secs. 1 and 2" Insert "secs. 2 and 3" Representative Berkowitz moved and asked unanimous consent that Amendment No. 1 be adopted. Representative Hawker objected. The question being: "Shall Amendment No. 1 be adopted?" The roll was taken with the following result: HB 203 Second Reading Amendment No. 1 YEAS: 16 NAYS: 22 EXCUSED: 0 ABSENT: 2 Yeas: Anderson, Berkowitz, Cissna, Crawford, Croft, Gara, Gruenberg, Guttenberg, Heinze, Joule, Kapsner, Kerttula, Kookesh, Kott, McGuire, Moses Nays: Chenault, Coghill, Dahlstrom, Fate, Foster, Gatto, Harris, Hawker, Holm, Kohring, Lynn, Meyer, Morgan, Ogg, Samuels, Seaton, Stoltze, Weyhrauch, Whitaker, Williams, Wilson, Wolf Absent: Masek, Rokeberg And so, Amendment No. 1 was not adopted. Representative Coghill moved and asked unanimous consent that HB 203 be considered engrossed, advanced to third reading, and placed on final passage. Representative Berkowitz objected. HB 203 will advance to third reading on tomorrow's calendar.