2004-05-07                     Senate Journal                      Page 3439
                       (1)  the fund principal consists of that portion of                          
          the total fund value attributable to all deposits made under                              
          Section 15 of Article IX before January 1, 2005, all                                      
          appropriations made to the fund principal before January 1,                               
          2005, and all other transfers made to the fund principal before                           
          January 1, 2005;                                                                          
                       (2)  the earnings account consists of that portion                           
          of the total fund value not attributed to principal under (1) of                          
          this subsection.                                                                          
                 (b)  Section 15(b) of Article IX first applies to                                  
          appropriations for fiscal year 2006.  Appropriations from the                             
          permanent fund for fiscal year 2005 are subject to Section 15                             
          of Article IX as that section read on June 30, 2004.                                      
                 (c)  The 2004 amendments relating to the Alaska                                    
          permanent fund (art. IX, sec. 15) and this section take effect                            
          January 1, 2005."                                                                         
                                                                                                    
Senator Therriault moved for the adoption of Amendment No. 2.                                       
                                                                                                    
Senator Guess objected.                                                                             
                                                                                                    
Senator Cowdery called the Senate. The call was satisfied.                                          
                                                                                                    
The question being: "Shall Amendment No. 2 be adopted?" The roll                                    
was taken with the following result:                                                                
                                                                                                    
CSHJR 26(FIN)                                                                                       
Second Reading                                                                                      
Amendment No. 2                                                                                     
                                                                                                    
YEAS:  6   NAYS:  14   EXCUSED:  0   ABSENT:  0                                                   
                                                                                                    
Yeas:  Cowdery, Dyson, Green, Seekins, Stevens G, Therriault                                        
                                                                                                    
Nays:  Bunde, Davis, Ellis, Elton, French, Guess, Hoffman, Lincoln,                                 
Ogan, Olson, Stedman, Stevens B, Wagoner, Wilken                                                    
                                                                                                    
and so, Amendment No. 2 failed.                                                                     
                                                                                                    
CS FOR HOUSE JOINT RESOLUTION NO. 26(FIN) was                                                       
automatically in third reading.