Legislature(2017 - 2018)

2018-02-19 House Journal

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2018-02-19                     House Journal                      Page 2473
                  CONSIDERATION OF THE DAILY CALENDAR                                                                        
                                                                                                                                
                     SECOND READING OF HOUSE BILLS                                                                           
                                                                                                                                
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.