Legislature(2017 - 2018)

2018-02-19 House Journal

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2018-02-19                     House Journal                      Page 2473
HB 213                                                                                                                        
The following was read the second time:                                                                                         
                                                                                                                                
     HOUSE BILL NO. 213                                                                                                         
     "An Act relating to the investment, appropriation, and                                                                     
     administration of the public school trust fund."                                                                           
                                                                                                                                
with the:                                                     Journal Page                                                      
                                                                                                                                
 FIN RPT CS(FIN) NT 3DP 3NR 3AM                                        2396                                                     
 FN1: ZERO(EED/FUND CAP)                                               2397                                                     
 FN2: (EED)                                                            2397                                                     
 FN3: (EED)                                                            2397                                                     
                                                                                                                                
Representative Tuck moved and asked unanimous consent that the                                                                  
following committee substitute be adopted in lieu of the original bill:                                                         
                                                                                                                                
     CS FOR HOUSE BILL NO. 213(FIN)                                                                                             
     "An Act relating to the investment, appropriation, and                                                                     
     administration of the public school trust fund; and providing for                                                          
     an effective date."                                                                                                        
                                                                                                                                
There being no objection, it was so ordered.                                                                                    
                                                                                                                                
Amendment No. 1 was offered by Representative Wilson:                                                                           
                                                                                                                                
Page 2, line 22, following "fund.":                                                                                           
     Insert "(a)"                                                                                                               
                                                                                                                                
Page 2, following line 26:                                                                                                      
     Insert a new subsection to read:                                                                                           
         "(b)  The amount appropriated under (a) of this section may                                                            
     not reduce the inflation-adjusted value of the sums deposited into                                                         
     the principal of the fund under AS 37.14.110(b)."                                                                          
                                                                                                                                
Representative Wilson moved and asked unanimous consent that                                                                    
Amendment No. 1 be adopted.                                                                                                     

2018-02-19                     House Journal                      Page 2474
Representative Gara objected.                                                                                                   
                                                                                                                                
The question being:  "Shall Amendment No. 1 be adopted?"  The roll                                                              
was taken with the following result:                                                                                            
                                                                                                                                
CSHB 213(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 1                                                                                                                 
                                                                                                                                
YEAS:  17   NAYS:  19   EXCUSED:  3  ABSENT:  0 VACANT:  1                                                                    
                                                                                                                                
Yeas:  Birch, Chenault, Eastman, Johnson, Johnston, Kito, Kopp,                                                                 
Millett, Pruitt, Rauscher, Reinbold, Saddler, Sullivan-Leonard,                                                                 
Talerico, Thompson, Tilton, Wilson                                                                                              
                                                                                                                                
Nays:  Claman, Drummond, Edgmon, Foster, Gara, Grenn,                                                                           
Guttenberg, Josephson, Kawasaki, Kreiss-Tomkins, LeDoux, Lincoln,                                                               
Ortiz, Parish, Seaton, Stutes, Tarr, Tuck, Wool                                                                                 
                                                                                                                                
Excused:  Knopp, Neuman, Spohnholz                                                                                              
                                                                                                                                
And so, Amendment No. 1 was not adopted.                                                                                        
                                                                                                                                
Representative Tuck moved and asked unanimous consent that CSHB                                                                 
213(FIN) be considered engrossed, advanced to third reading, and                                                                
placed on final passage.                                                                                                        
                                                                                                                                
There was objection.                                                                                                            
                                                                                                                                
CSHB 213(FIN) will advance to third reading on the February 21                                                                  
calendar.