2018-03-23                     House Journal                      Page 2876
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    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.                                                                                  
                                                                                                                                
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    Delete "sec. 8(c)"                                                                                                          
    Insert "sec. 8(c)(2)"