Legislature(2017 - 2018)

2018-05-11 Senate Journal

Full Journal pdf

2018-05-11                     Senate Journal                      Page 3071
HB 331                                                                                                                        
CS FOR HOUSE BILL NO. 331(FIN) "An Act establishing the                                                                         
Alaska Tax Credit Certificate Bond Corporation; relating to the                                                                 
issuance of bonds by the Alaska Tax Credit Certificate Bond                                                                     
Corporation; relating to purchases of tax credit certificates and refunds                                                       
and payments of tax credits; relating to the oil and gas tax credit fund;                                                       
relating to overriding royalty interest agreements; providing for an                                                            
effective date by repealing the effective date of secs. 2, 5, 8, 10, 31,                                                        
37, and 40, ch. 3, SSSLA 2017; and providing for an effective date"                                                             
was read the third time.                                                                                                        
                                                                                                                                
Senator Wielechowski moved the bill be returned to second reading                                                               
for all amendments offered today. Without objection, the bill was                                                               
returned to second reading.                                                                                                     
                                                                                                                                
Senator Wielechowski offered Amendment No. 1:                                                                                   
                                                                                                                                
Page 8, lines 12 - 19:                                                                                                          
     Delete all material.                                                                                                       
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 1.                                                                 
Senator Micciche objected.                                                                                                      
                                                                                                                                
The question being: "Shall Amendment No. 1 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
CSHB 331(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 1?                                                                                                                
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3072
YEAS:  5   NAYS:  14   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Shower, Stevens, von Imhof, Wilson                                                                  
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 1 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 2:                                                                                   
                                                                                                                                
Page 1, line 1:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                          
                                                                                                                                
Page 1, line 2:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                          
                                                                                                                                
Page 1, line 9:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 1, line 13:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                          
                                                                                                                                
Page 2, line 1:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                          
                                                                                                                                
Page 2, line 2:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 2, line 4:                                                                                                                 
     Delete "purpose of the corporation is"                                                                                     
     Insert "purposes of the corporation are to finance capital                                                                 
improvements, to finance housing loans for veterans, and"                                                                       
                                                                                                                                
Page 2, line 20, following "financing":                                                                                         
        Insert "capital improvements, housing loans to veterans, and"                                                          
                                                                                                                                
Page 2, line 22, following "may":                                                                                               
     Insert ", subject to appropriation,"                                                                                       
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3073
Page 2, line 24, following "AS 43.55.028":                                                                                      
     Insert "or for capital improvements, the commissioner of                                                                   
commerce, community, and economic development for housing loans                                                                 
to veterans under AS 26.15, or the Alaska Housing Finance                                                                       
Corporation for housing loans to veterans under AS 18.56"                                                                       
                                                                                                                                
Page 3, line 12:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 3, line 27:                                                                                                                
     Delete "for disbursement to"                                                                                               
     Insert "subject to appropriation, for capital improvements, for                                                            
disbursement to the commissioner of commerce, community, and                                                                    
economic development for housing loans to veterans under AS 26.15,                                                              
the Alaska Housing Finance Corporation for housing loans to veterans                                                            
under AS 18.56, or"                                                                                                             
                                                                                                                                
Page 4, line 6, following the first occurrence of "for":                                                                        
     Insert ", subject to appropriation, capital improvements,                                                                  
disbursement to the commissioner of commerce, community, and                                                                    
economic development for housing loans to veterans under AS 26.15,                                                              
the Alaska Housing Finance Corporation for housing loans to veterans                                                            
under AS 18.56, or"                                                                                                             
                                                                                                                                
Page 8, line 28:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 9, line 6:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 9, line 13:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                        
                                                                                                                                
Page 9, line 23:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                        
                                                                                                                                
Page 10, line 2:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                        
                                                                                                                                
Page 12, line 8:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                        
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3074
Page 16, line 26:                                                                                                               
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 16, line 31, through page 17, line 1:                                                                                      
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 17, line 2:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 17, line 17:                                                                                                               
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 19, lines 12 - 13:                                                                                                         
     Delete "tax credit certificate"                                                                                            
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 2.                                                                 
Senator Micciche objected.                                                                                                      
                                                                                                                                
The question being: "Shall Amendment No. 2 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
CSHB 331(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 2?                                                                                                                
                                                                                                                                
YEAS:  6   NAYS:  13   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Giessel, Olson, Wielechowski                                                                      
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Hoffman, Hughes, Kelly,                                                                       
MacKinnon, Meyer, Micciche, Shower, Stevens, von Imhof, Wilson                                                                  
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 2 failed.                                                                                                 
                                                                                                                                
Senator Giessel moved and asked unanimous consent the Senate                                                                    
rescind its previous action in failing Amendment No. 2. Without                                                                 
objection, Amendment No. 2 was before the Senate.                                                                               
                                                                                                                                
The question being: "Shall Amendment No. 2 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3075
CSHB 331(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 2?                                                                                                                
                                                                                                                                
YEAS:  5   NAYS:  14   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Shower, Stevens, von Imhof, Wilson                                                                  
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 2 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 3:                                                                                   
                                                                                                                                
Page 1, line 1:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                          
                                                                                                                                
Page 1, line 2:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                          
                                                                                                                                
Page 1, line 9:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 1, line 13:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                          
                                                                                                                                
Page 2, line 1:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                          
                                                                                                                                
Page 2, line 2:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 2, line 4:                                                                                                                 
     Delete "purpose of the corporation is"                                                                                     
     Insert "purposes of the corporation are to finance permanent fund                                                          
dividends and"                                                                                                                  
                                                                                                                                
Page 2, line 20, following "financing":                                                                                         
     Insert "permanent fund dividends and"                                                                                      
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3076
Page 2, line 22, following "may":                                                                                               
     Insert ", subject to appropriation,"                                                                                       
                                                                                                                                
Page 2, line 24, following "AS 43.55.028":                                                                                      
     Insert "or for deposit into the dividend fund established under                                                            
AS 43.23.045 for the payment of permanent fund dividends under                                                                  
AS 43.23"                                                                                                                       
                                                                                                                                
Page 2, line 28, following "financing":                                                                                         
     Insert "(1)"                                                                                                               
                                                                                                                                
Page 2, line 30, following "$1,000,000,000":                                                                                    
     Insert ";                                                                                                                  
              (2)  permanent fund dividends may not exceed                                                                      
     $1,500,000,000"                                                                                                            
                                                                                                                                
Page 3, line 12:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 3, line 25:                                                                                                                
     Delete "solely"                                                                                                            
                                                                                                                                
Page 3, line 27, following "or":                                                                                                
     Insert ", subject to appropriation,"                                                                                       
                                                                                                                                
Page 3, line 28, following "AS 43.55.028":                                                                                      
     Insert "or for deposit into the dividend fund established under                                                            
AS 43.23.045 for the payment of permanent fund dividends under                                                                  
AS 43.23"                                                                                                                       
                                                                                                                                
Page 4, line 6, following the first occurrence of "for":                                                                        
     Insert ", subject to appropriation, deposit into the dividend fund                                                         
established under AS 43.23.045 for the payment of permanent fund                                                                
dividends under AS 43.23 or"                                                                                                    
                                                                                                                                
Page 8, line 28:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 9, line 6:                                                                                                                 
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3077
Page 9, line 13:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                        
                                                                                                                                
Page 9, line 23:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                        
                                                                                                                                
Page 10, line 2:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                        
                                                                                                                                
Page 10, following line 6:                                                                                                      
     Insert a new bill section to read:                                                                                         
"* Sec. 6. AS 43.23.045 is amended by adding a new subsection to                                                              
read:                                                                                                                           
          (f)  Each year that the legislature does not appropriate the                                                          
     amount calculated under AS 37.13.145(b) to the fund, the                                                                   
     commissioner shall pay, from money deposited into the fund from                                                            
     the Alaska Bond Corporation established under AS 37.18.010, an                                                             
     additional amount to the permanent fund dividend for each                                                                  
     eligible individual. The commissioner shall determine the                                                                  
     additional amount under this subsection by subtracting the amount                                                          
     appropriated by the legislature to the fund from the amount                                                                
     calculated under AS 37.13.145(b) and dividing the difference                                                               
     between those amounts by the number of individuals eligible for a                                                          
     permanent fund dividend in that year."                                                                                     
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 12, line 8:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                        
                                                                                                                                
Page 16, line 26:                                                                                                               
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 16, line 31, through page 17, line 1:                                                                                      
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 17, line 2:                                                                                                                
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                
Page 17, line 17:                                                                                                               
     Delete "Tax Credit Certificate"                                                                                            
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3078
Page 19, lines 12 - 13:                                                                                                         
     Delete "tax credit certificate"                                                                                            
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 3.                                                                 
Senator Micciche objected.                                                                                                      
                                                                                                                                
The question being: "Shall Amendment No. 3 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
CSHB 331(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 3?                                                                                                                
                                                                                                                                
YEAS:  5   NAYS:  14   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Shower, Stevens, von Imhof, Wilson                                                                  
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 3 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 4:                                                                                   
                                                                                                                                
Page 3, following line 3:                                                                                                       
     Insert a new subsection to read:                                                                                           
          "(d)  Failure of the corporation to pay the interest on and                                                           
     principal of bonds issued under this chapter may not impair the                                                            
     credit rating of the state. A bond issued under this chapter must                                                          
     state on its face that the failure of the corporation to pay the                                                           
     interest on and principal of bonds issued under this chapter does                                                          
     not impair the credit rating of the state."                                                                                
                                                                                                                                
Reletter the following subsections accordingly.                                                                                 
                                                                                                                                
Page 5, line 5, following "state.":                                                                                             
     Insert "Failure of the legislature to make an appropriation                                                                
described in this subsection may not impair the credit rating of the                                                            
state."                                                                                                                         
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3079
Senator Wielechowski moved for the adoption of Amendment No. 4.                                                                 
Senator Micciche objected.                                                                                                      
                                                                                                                                
The question being: "Shall Amendment No. 4 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
CSHB 331(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 4?                                                                                                                
                                                                                                                                
YEAS:  5   NAYS:  14   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Shower, Stevens, von Imhof, Wilson                                                                  
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 4 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 5:                                                                                   
                                                                                                                                
Page 3, line 3, following "Alaska.":                                                                                            
     Insert "The bonds do not constitute a revenue bond of a public                                                             
enterprise or public corporation within the meaning of art. IX, sec. 11,                                                        
Constitution of the State of Alaska."                                                                                           
                                                                                                                                
Page 7, line 15, following "Alaska.":                                                                                           
     Insert "The refunding bonds do not constitute a revenue bond of a                                                          
public enterprise or public corporation within the meaning of art. IX,                                                          
sec. 11, Constitution of the State of Alaska."                                                                                  
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 5.                                                                 
Senator Micciche objected.                                                                                                      
                                                                                                                                
The question being: "Shall Amendment No. 5 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
CSHB 331(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 5?                                                                                                                
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3080
YEAS:  5   NAYS:  14   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Shower, Stevens, von Imhof, Wilson                                                                  
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 5 failed.                                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 6:                                                                                   
                                                                                                                                
Page 1, line 1:                                                                                                                 
          Delete "establishing the Alaska Tax Credit Certificate                                                              
Bond Corporation"                                                                                                             
          Insert "relating to the issuance and sale of bonds for the                                                          
purpose of financing purchase of certain transferable tax credit                                                              
certificates and production tax credit certificates and to pay                                                                
certain other refunds and payments"                                                                                           
                                                                                                                                
Page 1, line 2:                                                                                                                 
          Delete "Alaska Tax Credit Certificate Bond Corporation"                                                             
          Insert "Department of Revenue"                                                                                      
                                                                                                                                
Page 1, lines 9 - 10:                                                                                                           
          Delete all material and insert:                                                                                       
                             "(49)  contracts of the Department of                                                              
          Revenue related to Alaska tax credit certificate bonds under                                                          
          AS 37.18.010 - 37.18.100;"                                                                                            
                                                                                                                                
Page 1, line 13:                                                                                                                
          Delete "Bond Corporation"                                                                                           
          Insert "Bonds"                                                                                                      
                                                                                                                                
Page 2, lines 1 - 17:                                                                                                           
          Delete all material.                                                                                                  
                                                                                                                                
Page 2, line 18:                                                                                                                
          Delete "Sec. 37.18.030"                                                                                             
          Insert "Sec. 37.18.010"                                                                                             
          Delete "corporation"                                                                                                
          Insert "department"                                                                                                 
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3081
Page 2, line 19:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "Department of Revenue"                                                                                        
                                                                                                                                
Page 2, line 23:                                                                                                                
          Delete "of revenue"                                                                                                   
                                                                                                                                
Page 2, line 25:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 2, line 28:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 2, line 31, through page 3, line 3:                                                                                        
          Delete all material.                                                                                                  
                                                                                                                                
Reletter the following subsections accordingly.                                                                                 
                                                                                                                                
Page 3, line 4:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 3, line 6:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 3, line 11:                                                                                                                
          Delete "Sec. 37.18.040"                                                                                             
          Insert "Sec. 37.18.020"                                                                                             
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 3, line 12:                                                                                                                
          Delete "Tax Credit Certificate Bond Corporation"                                                                      
          Insert "tax credit certificate bond"                                                                                  
                                                                                                                                
Page 3, line 18:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3082
Page 3, line 19:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 3, line 23:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 3, line 26:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 3, line 28:                                                                                                                
          Delete "of revenue"                                                                                                   
                                                                                                                                
Page 4, line 2:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 4, line 3:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 4, line 6:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
          Delete "of revenue"                                                                                                   
                                                                                                                                
Page 4, line 8:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 4, line 11:                                                                                                                
          Delete "AS 37.10.070"                                                                                                 
          Insert "AS 37.10.050"                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 4, line 15:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3083
Page 4, line 17:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 4, line 20:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 4, line 24:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"'                                                                                                  
                                                                                                                                
Page 4, line 26:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 4, line 29:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 4, line 30:                                                                                                                
          Delete "chair of the corporation"                                                                                     
          Insert "commissioner"                                                                                                 
                                                                                                                                
Page 5, line 1:                                                                                                                 
          Delete "chair"                                                                                                        
          Insert "commissioner"                                                                                                 
                                                                                                                                
Page 5, line 3:                                                                                                                 
          Delete "and paid"                                                                                                     
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 5, lines 4 - 5:                                                                                                            
          Delete "Nothing in this subsection creates a debt or liability of                                                     
the state."                                                                                                                     
                                                                                                                                
Page 5, line 7:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3084
Page 5, line 9:                                                                                                                 
          Delete "of revenue"                                                                                                   
                                                                                                                                
Page 5, line 10:                                                                                                                
          Delete "the corporation for deposit to"                                                                               
                                                                                                                                
Page 5, line 12:                                                                                                                
          Delete "may be agreed on"                                                                                             
          Insert "are approved"                                                                                                 
                                                                                                                                
Page 5, lines 12 - 13:                                                                                                          
          Delete "of revenue and the corporation"                                                                               
                                                                                                                                
Page 5, line 14:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 5, line 18:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 5, line 19:                                                                                                                
          Delete "Sec. 37.18.050"                                                                                             
          Insert "Sec. 37.18.030"                                                                                             
                                                                                                                                
Page 5, line 21:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 5, line 22:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 5, line 23:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 5, line 25:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3085
Page 5, line 27:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 5, line 28:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 5, line 30:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 5, line 31:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 6, line 2:                                                                                                                 
          Delete "corporation" in both places                                                                                   
          Insert "department" in both places                                                                                    
                                                                                                                                
Page 6, line 6:                                                                                                                 
          Delete "corporation" in both places                                                                                   
          Insert "department" in both places                                                                                    
                                                                                                                                
Page 6, line 10:                                                                                                                
          Delete "corporation" in both places                                                                                   
          Insert "department" in both places                                                                                    
                                                                                                                                
Page 6, line 14:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 6, line 17:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 6, line 19:                                                                                                                
          Delete "Sec. 37.18.060"                                                                                             
          Insert "Sec. 37.18.040"                                                                                             
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3086
Page 6, line 25:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 6, line 26:                                                                                                                
          Delete "Sec. 37.18.070"                                                                                             
          Insert "Sec. 37.18.050"                                                                                             
                                                                                                                                
Page 7, line 4:                                                                                                                 
          Delete "Sec. 37.18.080"                                                                                             
          Insert "Sec. 37.18.060"                                                                                             
                                                                                                                                
Page 7, line 5:                                                                                                                 
          Delete "AS 37.18.030"                                                                                                 
          Insert "AS 37.18.010"                                                                                                 
                                                                                                                                
Page 7, line 6:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 7, line 8:                                                                                                                 
          Delete "Sec. 37.18.090"                                                                                             
          Insert "Sec. 37.18.070"                                                                                             
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 7, line 10:                                                                                                                
          Delete "corporation" in both places                                                                                   
          Insert "department" in both places                                                                                    
                                                                                                                                
Page 7, line 11:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 7, line 15:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 7, line 28:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3087
Page 8, line 2:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 8, line 5:                                                                                                                 
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 8, line 6:                                                                                                                 
          Delete "Sec. 37.18.100"                                                                                             
          Insert "Sec. 37.18.080"                                                                                             
                                                                                                                                
Page 8, line 12:                                                                                                                
          Delete "Sec. 37.18.110"                                                                                             
          Insert "Sec. 37.18.090"                                                                                             
                                                                                                                                
Page 8, line 16:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 8, line 20:                                                                                                                
          Delete "Sec. 37.18.170"                                                                                             
          Insert "Sec. 37.18.093"                                                                                             
                                                                                                                                
Page 8, line 22:                                                                                                                
          Delete "Sec. 37.18.180"                                                                                             
          Insert "Sec. 37.18.095"                                                                                             
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
                                                                                                                                
Page 8, line 24:                                                                                                                
          Delete "Sec. 37.18.190"                                                                                             
          Insert "Sec. 37.18.100"                                                                                             
                                                                                                                                
Page 8, line 26:                                                                                                                
          Delete "corporation"                                                                                                  
          Insert "department"                                                                                                   
          Delete "AS 37.18.060"                                                                                                 
          Insert "AS 37.18.040"                                                                                                 
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3088
Page 8, lines 28 - 29:                                                                                                          
          Delete all material and insert:                                                                                       
                             "(3)  "commissioner" means the                                                                     
          commissioner of revenue;"                                                                                             
                                                                                                                                
Page 9, following line 5:                                                                                                       
          Insert a new paragraph to read:                                                                                       
                             "(5)  "department" means the Department of                                                         
          Revenue;"                                                                                                             
                                                                                                                                
Renumber the following paragraph accordingly.                                                                                   
                                                                                                                                
Page 9, lines 6 - 7:                                                                                                            
          Delete "Tax Credit Certificate Bond Corporation"                                                                      
          Insert "tax credit certificate bond"                                                                                  
                                                                                                                                
Page 9, line 7:                                                                                                                 
          Delete "AS 37.18.040"                                                                                                 
          Insert "AS 37.18.020"                                                                                                 
                                                                                                                                
Page 9, line 13:                                                                                                                
               Delete "Tax Credit Certificate Bond Corporation"                                                            
          Insert "tax credit certificate bond"                                                                              
                                                                                                                                
Page 9, line 14:                                                                                                                
          Delete "AS 37.18.040"                                                                                             
          Insert "AS 37.18.020"                                                                                             
                                                                                                                                
Page 9, line 23:                                                                                                                
               Delete "Tax Credit Certificate Bond Corporation"                                                            
          Insert "tax credit certificate bond"                                                                              
                                                                                                                                
Page 9, line 24:                                                                                                                
          Delete "AS 37.18.040"                                                                                             
          Insert "AS 37.18.020"                                                                                             
                                                                                                                                
Page 10, line 2:                                                                                                                
               Delete "Tax Credit Certificate Bond Corporation"                                                            
          Insert "tax credit certificate bond"                                                                              
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3089
Page 10, line 3:                                                                                                                
          Delete "AS 37.18.040"                                                                                             
          Insert "AS 37.18.020"                                                                                             
                                                                                                                                
Page 12, lines 8 - 9:                                                                                                           
               Delete "Tax Credit Certificate Bond Corporation"                                                            
          Insert "tax credit certificate bond"                                                                              
                                                                                                                                
Page 12, line 9:                                                                                                                
          Delete "AS 37.18.040"                                                                                             
          Insert "AS 37.18.020"                                                                                             
                                                                                                                                
Page 12, line 13:                                                                                                               
          Delete "AS 37.18"                                                                                                 
          Insert "AS 37.18.010 - 37.18.100"                                                                                 
                                                                                                                                
Page 16, lines 26 - 27:                                                                                                         
          Delete "Alaska Tax Credit Certificate Bond Corporation                                                                
established under AS 37.18.010"                                                                                                 
          Insert "department"                                                                                                   
                                                                                                                                
Page 16, line 31, through page 17, line 1:                                                                                      
          Delete "Alaska Tax Credit Certificate Bond Corporation"                                                               
          Insert "department"                                                                                                   
                                                                                                                                
Page 17, line 2:                                                                                                                
          Delete "Tax Credit Certificate Bond Corporation"                                                                      
          Insert "tax credit certificate bond "                                                                                 
                                                                                                                                
Page 17, line 3:                                                                                                                
          Delete "AS 37.18.040(g)"                                                                                              
          Insert "AS 37.18.020(g)"                                                                                              
                                                                                                                                
Page 17, line 6:                                                                                                                
          Delete "by the corporation"                                                                                           
                                                                                                                                
Page 17, line 17:                                                                                                               
          Delete "Tax Credit Certificate Bond Corporation"                                                                      
          Insert "tax credit certificate bond"                                                                                  
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3090
Page 17, line 18:                                                                                                               
          Delete "AS 37.18.040"                                                                                                 
          Insert "AS 37.18.020"                                                                                                 
                                                                                                                                
Page 19, line 13:                                                                                                               
          Delete "corporation"                                                                                                  
          Delete "AS 37.18.040"                                                                                                 
          Insert "AS 37.18.020"                                                                                                 
                                                                                                                                
Page 19, line 25:                                                                                                               
          Delete "AS 37.18.010 - 37.18.190"                                                                                     
          Insert "AS 37.18.010 - 37.18.100"                                                                                     
                                                                                                                                
Page 19, line 27:                                                                                                               
          Delete "AS 37.18.010 - 37.18.190"                                                                                     
          Insert "AS 37.18.010 - 37.18.100"                                                                                     
                                                                                                                                
Page 19, line 28:                                                                                                               
          Delete "AS 37.18.010 - 37.18.190"                                                                                     
          Insert "AS 37.18.010 - 37.18.100"                                                                                     
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 6.                                                                 
Senator MacKinnon objected.                                                                                                     
                                                                                                                                
The question being: "Shall Amendment No. 6 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
CSHB 331(FIN)                                                                                                                   
Second Reading                                                                                                                  
Amendment No. 6?                                                                                                                
                                                                                                                                
YEAS:  5   NAYS:  14   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Egan, Gardner, Olson, Wielechowski                                                                               
                                                                                                                                
Nays:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Shower, Stevens, von Imhof, Wilson                                                                  
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, Amendment No. 6 failed.                                                                                                 
                                                                                                                                
CS FOR HOUSE BILL NO. 331(FIN) was automatically in third                                                                       
reading.                                                                                                                        
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3091
The question being: "Shall CS FOR HOUSE BILL NO. 331(FIN) "An                                                                   
Act establishing the Alaska Tax Credit Certificate Bond Corporation;                                                            
relating to the issuance of bonds by the Alaska Tax Credit Certificate                                                          
Bond Corporation; relating to purchases of tax credit certificates and                                                          
refunds and payments of tax credits; relating to the oil and gas tax                                                            
credit fund; relating to overriding royalty interest agreements;                                                                
providing for an effective date by repealing the effective date of secs.                                                        
2, 5, 8, 10, 31, 37, and 40, ch. 3, SSSLA 2017; and providing for an                                                            
effective date" pass the Senate?" The roll was taken with the following                                                         
result:                                                                                                                         
                                                                                                                                
CSHB 331(FIN)                                                                                                                   
Third Reading - Final Passage                                                                                                   
                                                                                                                                
YEAS:  14   NAYS:  5   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bishop, Coghill, Costello, Giessel, Hoffman, Hughes, Kelly,                                                              
MacKinnon, Meyer, Micciche, Olson, Stevens, von Imhof, Wilson                                                                   
                                                                                                                                
Nays:  Begich, Egan, Gardner, Shower, Wielechowski                                                                              
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                
and so, CS FOR HOUSE BILL NO. 331(FIN) passed the Senate.                                                                       
                                                                                                                                
Senator Micciche moved and asked unanimous consent the vote on the                                                              
passage of the bill be considered the vote on the effective date clause.                                                        
Senator Gardner objected.                                                                                                       
                                                                                                                                
The question being: "Shall the effective date clause be adopted?" The                                                           
roll was taken with the following result:                                                                                       
                                                                                                                                
CSHB 331(FIN)                                                                                                                   
Effective Date Clause                                                                                                           
                                                                                                                                
YEAS:  18   NAYS:  1   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Bishop, Coghill, Costello, Egan, Giessel, Hoffman,                                                               
Hughes, Kelly, MacKinnon, Meyer, Micciche, Olson, Shower,                                                                       
Stevens, von Imhof, Wielechowski, Wilson                                                                                        
                                                                                                                                
Nays:  Gardner                                                                                                                  
                                                                                                                                
Excused:  Stedman                                                                                                               
                                                                                                                                

2018-05-11                     Senate Journal                      Page 3092
and so, the effective date clause was adopted and the bill was signed                                                           
by the President and Secretary and returned to the House.