2003-04-28                     Senate Journal                      Page 1001
Senator Ben Stevens rose to a point of order regarding admissibility of                             
the amendment. President Therriault ruled the amendment in order.                                   
                                                                                                    
The question being: "Shall Amendment No. 3 be adopted?" The roll                                    
was taken with the following result:                                                                
                                                                                                    
SCS CSSSHB 75(FIN)                                                                                  
Second Reading                                                                                      
Amendment No. 3                                                                                     
                                                                                                    
YEAS:  8   NAYS:  12   EXCUSED:  0   ABSENT:  0                                                   
                                                                                                    
Yeas:  Davis, Ellis, Elton, French, Guess, Hoffman, Lincoln, Olson                                  
                                                                                                    
Nays:  Bunde, Cowdery, Dyson, Green, Ogan, Seekins, Stevens B,                                      
Stevens G, Taylor, Therriault, Wagoner, Wilken                                                      
                                                                                                    
Taylor changed from "Yea" to "Nay".                                                                 
                                                                                                    
and so, Amendment No. 3 failed.                                                                     
                                                                                                    
Senators Ellis, Davis, Elton, French, Guess, Hoffman, Lincoln, Olson,                               
offered Amendment No. 4 :                                                                            
                                                                                                    
Page 66, lines 21-29:                                                                               
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Page 66, line 21:                                                                                   
 Insert new subsections to read:                                                                    
 "(b) The amount calculated as follows is appropriated from the                                     
budget reserve fund on June 30, 2003 to the dividend fund (AS                                       
43.23.045) for payment of 2003 permanent fund dividends:                                            
  (1) calculate 21 percent of the net income of the Alaska                                          
permanent fund determined under AS 37.13.140 for the last five fiscal                               
years, including fiscal year 2003;                                                                  
  (2) divide the amount obtained under (1) of this section by                                       
two;                                                                                                
  (3) subtract from the amount obtained under (2) of this section                                   
the amount transferred under AS 37.13.145(b) for 2003 permanent                                     
fund dividends.                                                                                     
 (c) It is the intent of the Legislature through the appropriation in                               
(b) of this section assure the people of Alaska that there will be a                                
permanent fund dividend in 2003."