2003-05-12                     Senate Journal                      Page 1345
Senator French offered Amendment No. 1 :                                                             
                                                                                                    
Page 2, line 29, following "adjustment.":                                                           
 Insert "An adjustment to the calculation of minimum nonforfeiture                                  
amounts authorized under this subsection may not result in an interest                              
rate of less than one percent."                                                                     
Senator French moved for the adoption of Amendment No. 1. Senator                                   
Taylor objected, then withdrew his objection. There being no further                                
objections, Amendment No. 1 was adopted.                                                            
                                                                                                    
SENATE CS FOR CS FOR SPONSOR SUBSTITUTE FOR HOUSE                                                   
BILL NO. 184(L&C) am S was automatically in third reading.                                          
                                                                                                    
The question being: "Shall SENATE CS FOR CS FOR SPONSOR                                             
SUBSTITUTE FOR HOUSE BILL NO. 184(L&C) am S "An Act                                                 
relating to individual deferred annuities; and providing for an effective                           
date" pass the Senate?" The roll was taken with the following result:                               
                                                                                                    
SCS CSSSHB 184(L&C) am S                                                                            
Third Reading - Final Passage                                                                       
Effective Date                                                                                      
                                                                                                    
YEAS:  20   NAYS:  0   EXCUSED:  0   ABSENT:  0                                                   
                                                                                                    
Yeas:  Bunde, Cowdery, Davis, Dyson, Ellis, Elton, French, Green,                                   
Guess, Hoffman, Lincoln, Ogan, Olson, Seekins, Stevens B, Stevens                                   
G, Taylor, Therriault, Wagoner, Wilken                                                              
                                                                                                    
and so, SENATE CS FOR CS FOR SPONSOR SUBSTITUTE FOR                                                 
HOUSE BILL NO. 184(L&C) am S passed the Senate.                                                     
                                                                                                    
Senator Ben Stevens moved and asked unanimous consent that the                                      
vote on the passage of the bill be considered the vote on the effective                             
date clause. Without objection, it was so ordered and the bill was                                  
referred to the Secretary for engrossment.                                                          
                                                                                                    
HB 203                                                                                            
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" was read                                 
the third time.