2003-03-14                     House Journal                      Page 0532
HB 11                                                                                             
The Resources Committee has considered:                                                             
                                                                                                    
    HOUSE BILL NO. 11                                                                               
    "An Act relating to deposits to the Alaska permanent fund from                                  
    mineral lease rentals, royalties, royalty sale proceeds, net profit                             
    shares under AS 38.05.180(f) and (g), federal mineral revenue                                   
    sharing payments received by the state from mineral leases, and                                 
    bonuses received by the state from mineral leases, and limiting                                 
    deposits from those sources to the 25 percent required under art.                               
    IX, sec. 15, Constitution of the State of Alaska; and providing for                             
    an effective date."                                                                             
                                                                                                    
The report was signed by Representatives Fate and Chenault, Co-                                     
chairs, with the following individual recommendations:                                              
                                                                                                    
Do not pass (1):  Masek                                                                             
                                                                                                    

2003-03-14                     House Journal                      Page 0533
No recommendation (7):  Kerttula, Guttenberg, Wolf, Gatto, Lynn,                                    
Fate, Chenault                                                                                      
                                                                                                    
The following fiscal note(s) apply:                                                                 
                                                                                                    
1.  Zero, Dept. of Revenue                                                                          
2.  Fiscal, Dept. of Revenue                                                                        
3.  Fiscal, Dept. of Revenue                                                                        
                                                                                                    
HB 11 was referred to the Finance Committee.