2004-03-26                     Senate Journal                      Page 2661
Under existing law, it is possible to remove all Board members at a                                 
change in administration. This bill would insulate the Alaska                                       
Permanent Fund from partisan politics by making it more likely that                                 
Board members would be retained until the expiration of their terms.                                
The state invests a great deal in the experience and training provided                              
to Board members. It is in our best interests to reap the full benefit of                           
this investment. The Alaska Permanent Fund Corporation benefits                                     
from having experienced Board members direct policy for                                             
management of the Permanent Fund.                                                                   
                                                                                                    
I urge your prompt and favorable action on this measure.                                            
                                                                                                    
Sincerely yours,                                                                                    
/s/                                                                                                 
Frank H. Murkowski                                                                                  
Governor                                                                                            
                                                                                                    
SB 380                                                                                            
SENATE BILL NO. 380 BY THE SENATE RULES COMMITTEE                                                   
BY REQUEST OF THE GOVERNOR, entitled:                                                               
                                                                                                    
          "An Act relating to the extension under the State                                         
          Procurement Code of terms for leases for real estate                                      
          and certain terms for certain state contracts for goods                                   
          and services; and providing for an effective date."                                       
                                                                                                    
was read the first time and referred to the State Affairs and Finance                               
Committees.                                                                                         
                                                                                                    
The following fiscal information was published today:                                               
 Fiscal Note No. 1, zero, Department of Administration                                              
                                                                                                    
Governor's transmittal letter dated March 24:                                                       
                                                                                                    
Dear President Therriault:                                                                          
                                                                                                    
Under the authority of article III, section 18 of the Alaska                                        
Constitution, I am transmitting a bill relating to the extension of terms                           
for leases and terms for contracts for goods and services under the                                 
State Procurement Code.