Legislature(2017 - 2018)

2018-03-23 House Journal

Full Journal pdf

2018-03-23                     House Journal                      Page 2875
HB 286                                                                                                                        
The following was before the House in third reading:                                                                            
                                                                                                                                
    CS FOR HOUSE BILL NO. 286(FIN) am                                                                                           
    "An Act making appropriations for the operating and loan                                                                    
    program expenses of state government and for certain programs;                                                              
    capitalizing funds; amending appropriations; making                                                                         
    supplemental appropriations; making appropriations under art. IX,                                                           
    sec. 17(c), Constitution of the State of Alaska, from the                                                                   
    constitutional budget reserve fund; and providing for an effective                                                          
    date."                                                                                                                      
                                                                                                                                
Representative Tuck moved and asked unanimous consent that CSHB                                                                 
286(FIN) am be returned to second reading for the specific purpose of                                                           
considering Amendment No. 1.  There being no objection, it was so                                                               
ordered.                                                                                                                        
                                                                                                                                
Amendment No. 1, which was moved to the bottom of the                                                                           
amendments (page 2764), was offered by Representatives Tuck,                                                                    
LeDoux, Parish, Spohnholz, Tarr, and Kawasaki:                                                                                  
                                                                                                                                
Page 55, following line 13:                                                                                                     
    Insert a new subsection to read:                                                                                            
    "(e)  The amount necessary, when added to the appropriation                                                                 
made in (d) of this section, to fund the total amount authorized under                                                          
AS 37.13.145(b), as that provision read on January 1, 2018, for                                                                 
transfer by the Alaska Permanent Fund Corporation on June 30, 2018,                                                             
estimated to be $892,037,020, is appropriated from the earnings                                                                 
reserve account (AS 37.13.145) to the dividend fund                                                                             
(AS 43.23.045(a)) for the payment of permanent fund dividends for                                                               
the fiscal year ending June 30, 2019."                                                                                          
                                                                                                                                
Reletter the following subsection accordingly.                                                                                  

2018-03-23                     House Journal                      Page 2876
Page 79, line 8:                                                                                                                
    Delete "(d), and (e)"                                                                                                       
    Insert "and (d) - (f)"                                                                                                      
                                                                                                                                
Representative Tuck moved and asked unanimous consent that                                                                      
Amendment No. 1 be adopted.                                                                                                     
                                                                                                                                
There was objection.                                                                                                            
                                                                                                                                
Amendment No. 1 to Amendment No. 1 was offered by                                                                               
Representative Seaton:                                                                                                          
                                                                                                                                
Page 1, lines 1 - 14, of the amendment:                                                                                         
    Delete all material and insert:                                                                                             
    "Page 54, line 29, through page 55, line 13:                                                                                
    Delete all material and insert:                                                                                             
    "(c)  The sum of $2,722,842,518, which is equal to 5.25 percent of                                                          
the average market value of the Alaska permanent fund, including the                                                            
earnings reserve account established under AS 37.13.145, but not                                                                
including that portion of the principal attributed to the settlement of                                                         
State v. Amerada Hess, et al., 1JU-77-847 Civ. (Superior Court, First                                                           
Judicial District), for the fiscal years ending June 30, 2013, June 30,                                                         
2014, June 30, 2015, June 30, 2016, and June 30, 2017, is appropriated                                                          
from the earnings reserve account (AS 37.13.145) as follows:                                                                    
         (1) the amount necessary, estimated to be $1,023,487,200, for                                                          
payment of a permanent fund dividend of $1,600, to the dividend fund                                                            
(AS 43.23.045(a)), for the fiscal year ending June 30, 2019;                                                                    
         (2) the remainder, after the appropriation in (1) of this                                                              
subsection, estimated to be $1,699,355,318, to the general fund."                                                               
                                                                                                                                
Reletter the following subsection accordingly.                                                                                  
                                                                                                                                
Page 55, line 15:                                                                                                               
    Delete "and (d)"                                                                                                            
                                                                                                                                
Page 78, line 19:                                                                                                               
    Delete "sec. 8(c)"                                                                                                          
    Insert "sec. 8(c)(2)"                                                                                                       
                                                                                                                                
                                                                                                                                

2018-03-23                     House Journal                      Page 2877
Page 79, line 8:                                                                                                                
    Delete "(d), and (e)"                                                                                                       
    Insert "(c)(1), and (d)"                                                                                                    
                                                                                                                                
Page 79, line 22:                                                                                                               
    Delete "CONTINGENCIES. (a)"                                                                                                 
    Insert "CONTINGENCY."                                                                                                       
                                                                                                                                
Page 79, line 28, through page 80, line 2:                                                                                      
    Delete all material."                                                                                                       
                                                                                                                                
Representative Seaton moved and asked unanimous consent that                                                                    
Amendment No. 1 to Amendment No. 1 be adopted.                                                                                  
                                                                                                                                
Representative Wilson objected.                                                                                                 
                                                                                                                                
The question being:  "Shall Amendment No. 1 to Amendment No. 1                                                                  
be adopted?"  The roll was taken with the following result:                                                                     
                                                                                                                                
CSHB 286(FIN) am                                                                                                                
Second Reading                                                                                                                  
Amendment No. 1 to Amendment No. 1                                                                                              
                                                                                                                                
YEAS:  18   NAYS:  21   EXCUSED:  1   ABSENT:  0                                                                              
                                                                                                                                
Yeas:  Claman, Drummond, Edgmon, Foster, Gara, Grenn,                                                                           
Guttenberg, Josephson, Kawasaki, Kreiss-Tomkins, Lincoln, Ortiz,                                                                
Parish, Seaton, Spohnholz, Stutes, Wool, Zulkosky                                                                               
                                                                                                                                
Nays:  Birch, Chenault, Eastman, Johnson, Johnston, Kito, Knopp,                                                                
Kopp, LeDoux, Millett, Neuman, Pruitt, Rauscher, Saddler,                                                                       
Sullivan-Leonard, Talerico, Tarr, Thompson, Tilton, Tuck, Wilson                                                                
                                                                                                                                
Excused:  Reinbold                                                                                                              
                                                                                                                                
And so, Amendment No. 1 to Amendment No. 1 was not adopted.