Legislature(1997 - 1998)
04/28/1997 08:32 AM House JUD
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
HOUSE JUDICIARY STANDING COMMITTEE
April 28, 1997
8:32 a.m.
MEMBERS PRESENT
Representative Joe Green, Chairman
Representative Con Bunde, Vice Chairman
Representative Brian Porter
Representative Norman Rokeberg
Representative Jeannette James
Representative Ethan Berkowitz
MEMBERS ABSENT
Representative Eric Croft
COMMITTEE CALENDAR
HOUSE JOINT RESOLUTION NO. 25
Proposing amendments to the Constitution of the State of Alaska to
guarantee the permanent fund dividend, to provide for
inflation-proofing, and to require a vote of the people before
spending undistributed income from the earnings reserve of the
permanent fund; and relating to the permanent fund.
- HEARD AND HELD
(* First public hearing)
PREVIOUS ACTION
BILL: HJR 25
SHORT TITLE: CONST. AM: PERM. FUND INCOME & DIVIDEND
SPONSOR(S): REPRESENTATIVE(S) AUSTERMAN
JRN-DATE JRN-PG ACTION
02/26/97 483 (H) READ THE FIRST TIME - REFERRAL(S)
02/26/97 483 (H) STATE AFFAIRS, JUDICIARY, FINANCE
03/11/97 (H) STA AT 8:00 AM CAPITOL 102
03/11/97 (H) MINUTE(STA)
03/13/97 (H) STA AT 8:00 AM CAPITOL 102
03/13/97 (H) MINUTE(STA)
03/15/97 (H) STA AT 11:00 AM CAPITOL 102
03/15/97 (H) MINUTE(STA)
03/17/97 688 (H) STA RPT CS(STA) 3DP 4NR
03/17/97 689 (H) DP: JAMES, HODGINS, DYSON
03/17/97 689 (H) NR: ELTON, BERKOWITZ, VEZEY, IVAN
03/17/97 689 (H) FISCAL NOTE (GOV)
03/17/97 689 (H) ZERO FISCAL NOTE (REV)
03/17/97 689 (H) REFERRED TO JUDICIARY
03/21/97 789 (H) CORRECTED STA CS SUBMITTED
04/21/97 (H) JUD AT 1:45 PM CAPITOL 120
04/21/97 (H) MINUTE(JUD)
04/23/97 (H) JUD AT 1:00 PM CAPITOL 120
04/23/97 (H) MINUTE(JUD)
WITNESS REGISTER
There is no record of who spoke during the executive session. See
body of minutes for list of those in attendance.
ACTION NARRATIVE
TAPE 97-67, SIDE A
Number 0001
CHAIRMAN JOE GREEN called the House Judiciary Standing Committee
meeting to order at 8:32 a.m. Members present at the call to order
were Representatives Green, Porter, Rokeberg and Berkowitz.
Representatives Bunde and James arrived shortly thereafter.
HJR 25 - CONST. AM: PERM. FUND INCOME & DIVIDEND
CHAIRMAN GREEN announced the committee would meet in executive
session to hear House Joint Resolution No. 25, proposing amendments
to the Constitution of the State of Alaska to guarantee the
permanent fund dividend, to provide for inflation-proofing, and to
require a vote of the people before spending undistributed income
from the earnings reserve of the permanent fund; and relating to
the permanent fund.
CHAIRMAN GREEN advised members that the executive session was for
the purpose of reviewing potential tax consequences associated with
modifying the procedure by which permanent fund dividends are paid
and inflation-proofing is accomplished.
REPRESENTATIVE BRIAN PORTER made a motion to go into executive
session. There being no objection, the committee went into
executive session at 8:33 a.m.
CHAIRMAN GREEN, following the executive session, reported that he
had gaveled out at 9:47 a.m.
CHAIRMAN GREEN listed those who had attended, noting that not
everyone was present the entire time. In addition to committee
members, present from the legislature were Representative Alan
Austerman, sponsor of HJR 25; Tamara Cook, Director, Legislative
Legal and Research Services, Legislative Affairs Agency; and Lisa
Kirsch, committee aide for the House Judiciary Standing Committee.
In attendance from the Alaska Permanent Fund Corporation were Byron
I. Mallott, Executive Director; Peter A. Bushre, Chief Financial
Officer; Jim Kelly, Director of Communications; and Ronald W.
Lorensen of Simpson, Tillinghast, Sorensen and Lorensen, legal
counsel.
ADJOURNMENT
Number 0164
CHAIRMAN GREEN adjourned the House Judiciary Standing Committee
meeting at 9:50 a.m.
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