2003-05-07                     Senate Journal                      Page 1206
SJR 18                                                                                            
The State Affairs Committee considered SENATE JOINT                                                 
RESOLUTION NO. 18 Proposing amendments to the Constitution of                                       
the State of Alaska relating to limiting appropriations from and                                    
inflation-proofing the Alaska permanent fund by establishing a percent                              
of market value spending limit, and recommended it be replaced with                                 
                                                                                                    
          CS FOR SENATE JOINT RESOLUTION NO.                                                        
          18(STA) Proposing amendments to the Constitution                                          
          of the State of Alaska relating to and limiting                                           
          appropriations from the Alaska permanent fund based                                       
          on an averaged percent of the fund market value to                                        
          protect the fund from inflation and assure that the real                                  
          value of the fund will be preserved over the long                                         
          term.                                                                                     
                                                                                                    
Signing no recommendation: Senator Gary Stevens, Chair; Senators                                    
Dyson, Guess. Signing do pass: Senator Cowdery.                                                     
                                                                                                    
The following fiscal information was published today:                                               
 Fiscal Note No. 1, Office of the Governor                                                          
 Fiscal Note No. 2, zero, Department of Revenue                                                     
                                                                                                    
The resolution was referred to the Judiciary Committee.