2003-05-02                     House Journal                      Page 1272
HJR 26                                                                                            
The House Special Committee on Ways & Means has considered:                                         
                                                                                                    
    HOUSE JOINT RESOLUTION NO. 26                                                                   
    Proposing amendments to the Constitution of the State of Alaska                                 
    relating to and limiting appropriations from and inflation-proofing                             
    the Alaska permanent fund by establishing a percent of market                                   
    value spending limit.                                                                           
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
    CS FOR HOUSE JOINT RESOLUTION NO. 26(W&M)                                                       
    Proposing amendments to the Constitution of the State of Alaska                                 
    relating to and limiting appropriations from the Alaska permanent                               
    fund based on an averaged percent of the fund market value to                                   
    protect the fund from inflation and assure that the real value of the                           
    fund will be preserved over the long term.                                                      
                                                                                                    

2003-05-02                     House Journal                      Page 1273
The report was signed by Representatives Hawker and Whitaker, Co-                                   
chairs, with the following individual recommendations:                                              
                                                                                                    
Do pass (5):  Heinze, Moses, Wilson, Hawker, Whitaker                                               
                                                                                                    
Do not pass (1):  Kohring                                                                           
                                                                                                    
No recommendation (1):  Gruenberg                                                                   
                                                                                                    
The following fiscal note(s) apply to CSHJR 26(W&M):                                                
                                                                                                    
1.  Fiscal, Office of the Governor                                                                  
2.  Zero, Dept. of Revenue                                                                          
                                                                                                    
HJR 26 was referred to the Judiciary Committee.