Legislature(2003 - 2004)
2003-05-12 Senate Journal
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Full Journal pdf2003-05-12 Senate Journal Page 1342 reduced as a result of the amendment to AS 37.13.010(a) in sec. 3 of this Act when compared to what the amount of each dividend would have been for that year had the amendment to AS 37.13.010(a) in sec. 3 of this Act not taken effect. If the amount of that reduction is equal to or greater than $20, secs. 2 and 4 of this Act take effect. (b) The calculation under this section shall take into account the change in deposits to the Alaska permanent fund that resulted from the amendment to AS 37.13.010(a) in sec. 3 of this Act for the period beginning on the effective date of that amendment through June 30 of the year the calculation is being made. * Sec. 6. Sections 1, 3, and 5 of this Act take effect immediately under AS 01.10.070(c). * Sec. 7. If secs. 2 and 4 of this Act take effect under sec. 5 of this Act, they take effect on October 1 of the year in which the commissioner of revenue determines that, as a result of the amendment to AS 37.13.010(a) in sec. 3 of this Act, the value of the permanent fund dividend for that year has been reduced by at least $20. The commissioner of revenue shall promptly notify the revisor of statutes of the date secs. 2 and 4 of this Act take effect." Senator Taylor moved for the adoption of Amendment No. 1. Senator Elton objected. The question being: "Shall Amendment No. 1 be adopted?" The roll was taken with the following result: HB 11 Second Reading Amendment No. 1 YEAS: 17 NAYS: 3 EXCUSED: 0 ABSENT: 0 Yeas: Bunde, Cowdery, Davis, Dyson, Ellis, Green, Guess, Hoffman, Ogan, Olson, Seekins, Stevens B, Stevens G, Taylor, Therriault, Wagoner, Wilken Nays: Elton, French, Lincoln and so, Amendment No. 1 was adopted. HOUSE BILL NO. 11 am S was automatically in third reading.