Legislature(2021 - 2022)BUTROVICH 205

09/09/2021 01:30 PM JUDICIARY

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02:14:55 PM Start
02:15:52 PM SJR301
03:26:49 PM Adjourn
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+= SJR301 CONST. AM: APPROP LIMIT TELECONFERENCED
Moved CSSJR 301(JUD) Out of Committee
+ Bills Previously Heard/Scheduled TELECONFERENCED
**Streamed live on AKL.tv**
                    ALASKA STATE LEGISLATURE                                                                                  
              SENATE JUDICIARY STANDING COMMITTEE                                                                             
                       September 9, 2021                                                                                        
                           2:14 p.m.                                                                                            
                                                                                                                                
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Roger Holland, Chair                                                                                                    
Senator Mike Shower, Vice Chair (via teleconference)                                                                            
Senator Shelley Hughes                                                                                                          
Senator Robert Myers                                                                                                            
Senator Jesse Kiehl                                                                                                             
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
All members present                                                                                                             
                                                                                                                                
OTHER LEGISLATORS PRESENT                                                                                                     
                                                                                                                                
Representative James Kaufman                                                                                                    
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
SENATE JOINT RESOLUTION NO. 301                                                                                                 
Proposing amendments to the Constitution of the State of Alaska                                                                 
relating to an appropriation limit; and relating to the budget                                                                  
reserve fund.                                                                                                                   
                                                                                                                                
     - MOVED CSSJR 301(JUD) OUT OF COMMITTEE                                                                                    
                                                                                                                                
PREVIOUS COMMITTEE ACTION                                                                                                     
                                                                                                                                
BILL: SJR301                                                                                                                  
SHORT TITLE: CONST. AM: APPROP LIMIT                                                                                            
SPONSOR(s): SENATOR(s) MYERS                                                                                                    
                                                                                                                                
09/01/21       (S)       READ THE FIRST TIME - REFERRALS                                                                        
09/01/21       (S)       JUD, FIN                                                                                               
09/03/21       (S)       JUD AT 1:30 PM BUTROVICH 205                                                                           
09/03/21       (S)       Heard & Held                                                                                           
09/03/21       (S)       MINUTE(JUD)                                                                                            
09/08/21       (S)       JUD AT 1:30 PM BUTROVICH 205                                                                           
09/08/21       (S)       Heard & Held                                                                                           
09/08/21       (S)       MINUTE(JUD)                                                                                            
09/09/21       (S)       JUD AT 1:30 PM BUTROVICH 205                                                                           
                                                                                                                                
WITNESS REGISTER                                                                                                              
                                                                                                                                
ED KING, staff                                                                                                                  
Senator Roger Holland                                                                                                           
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION  STATEMENT:  Explained  the  amendments to  SJR  301  on                                                             
behalf of the committee, Senator Holland, Chair.                                                                                
                                                                                                                                
REPRESENTATIVE JAMES KAUFMAN                                                                                                    
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION  STATEMENT:  Testified on  SJR  301  as sponsor  of  the                                                             
companion bill.                                                                                                                 
                                                                                                                                
                                                                                                                                
ACTION NARRATIVE                                                                                                              
                                                                                                                                
2:14:55 PM                                                                                                                    
CHAIR  ROGER   HOLLAND  called  the  Senate   Judiciary  Standing                                                             
Committee meeting  to order at 2:14  p.m. Present at the  call to                                                               
order   were  Senators   Myers,   Hughes,   Kiehl,  Shower   (via                                                               
teleconference) and Chair Holland.                                                                                              
                                                                                                                                
                SJR 301-CONST. AM: APPROP LIMIT                                                                             
                                                                                                                                
2:15:52 PM                                                                                                                    
CHAIR  HOLLAND  announced  the   consideration  of  SENATE  JOINT                                                               
RESOLUTION NO.  301 Proposing amendments  to the  Constitution of                                                               
the  State of  Alaska  relating to  an  appropriation limit;  and                                                               
relating to the budget reserve fund.                                                                                            
                                                                                                                                
[SJR  301  was previously  heard  on  9/3/21 and  9/8/21.  Public                                                               
testimony was opened and closed on 9/8/21.]                                                                                     
                                                                                                                                
2:16:12 PM                                                                                                                    
CHAIR  HOLLAND  moved  to  adopt  Amendment  1,  work  order  32-                                                               
LS1161\A.1.                                                                                                                     
                                                 32-LS1161\A.1                                                                  
                                                  Wallace/Marx                                                                  
                                                       9/8/21                                                                   
                                                                                                                                
                          AMENDMENT 1                                                                                       
                                                                                                                                
                                                                                                                                
     OFFERED IN THE SENATE                                                                                                      
                                                                                                                                
     Page 1, line 2:                                                                                                            
          Delete "; and relating to the budget reserve                                                                        
     fund"                                                                                                                    
                                                                                                                                
     Page 2, line 27, through page 3, line 8:                                                                                   
          Delete all material.                                                                                                  
                                                                                                                                
    Renumber    the     following    resolution    sections                                                                     
     accordingly.                                                                                                               
                                                                                                                                
SENATOR HUGHES objected for discussion purposes.                                                                                
                                                                                                                                
2:16:35 PM                                                                                                                    
ED KING, staff, Senator Roger  Holland, Alaska State Legislature,                                                               
Juneau,  Alaska,  on  behalf of  the  committee,  explained  that                                                               
Amendment  1 would  remove  Sec. 2  from SJR  301.  Sec. 2  would                                                               
provide a change  to the constitutional budget  reserve (CBR). As                                                               
SJR 301  is intended to  alter the constitutional  spending limit                                                               
under  Sec. 16  of Art.  IX,  incorporating a  change to  another                                                               
section of  the constitution  raises questions  regarding whether                                                               
the  change  could be  considered  an  amendment or  a  revision.                                                               
Striking Sec.  2 from the resolution  will narrow the scope  to a                                                               
single  section  of the  constitution  and  remedy any  potential                                                               
litigation.                                                                                                                     
                                                                                                                                
2:17:29 PM                                                                                                                    
SENATOR HUGHES  asked if it is  problematic to have two  items in                                                               
one  constitutional   amendment  or   if  the  items   should  be                                                               
separated.                                                                                                                      
                                                                                                                                
MR. KING said a legal opinion  dated May 8, 2021 from Marie Marx,                                                               
Legislative Counsel, Legislative Legal  Services, was provided to                                                               
the  committee  at a  hearing  on  SJR  5.  He stated  that  this                                                               
document was  posted to  BASIS for SJR  301. This  memo discusses                                                               
the revision versus amendment conversation.                                                                                     
                                                                                                                                
2:18:18 PM                                                                                                                    
SENATOR MYERS stated  that legal issues aside,  simpler is always                                                               
better so he favors Amendment 1.                                                                                                
                                                                                                                                
SENATOR HUGHES removed her objection.                                                                                           
                                                                                                                                
CHAIR  HOLLAND found  no further  objection, so  Amendment 1  was                                                               
adopted.                                                                                                                        
                                                                                                                                
2:18:49 PM                                                                                                                    
CHAIR  HOLLAND said  he  would  set aside  Amendment  2 with  the                                                               
intent to take it up later.                                                                                                     
                                                                                                                                
2:19:03 PM                                                                                                                    
SENATOR  KIEHL  moved  to  adopt  Amendment  3,  work  order  32-                                                               
LS1161\A.5.                                                                                                                     
                                                 32-LS1161\A.5                                                                  
                                                         Marx                                                                   
                                                       9/7/21                                                                   
                          AMENDMENT 3                                                                                       
                                                                                                                                
                                                                                                                                
    OFFERED IN THE SENATE                  BY SENATOR KIEHL                                                                     
                                                                                                                                
                                                                                                                                
     Page 1, lines 13 - 14:                                                                                                     
          Delete "[, INCLUDING REVENUES OF A PUBLIC                                                                             
       ENTERPRISE OR PUBLIC CORPORATION OF THE STATE THAT                                                                       
     ISSUES REVENUE BONDS]"                                                                                                     
          Insert ", including revenues of a public                                                                              
       enterprise or public corporation of the State that                                                                       
     issues revenue bonds"                                                                                                      
                                                                                                                                
CHAIR HOLLAND objected for discussion purposes.                                                                                 
                                                                                                                                
2:19:13 PM                                                                                                                    
SENATOR  KIEHL  explained  that  Amendment  3  would  restore  an                                                               
exemption  from the  spending cap  for the  revenues of  a public                                                               
enterprise  or  public  corporation  of  the  state  that  issues                                                               
revenue bonds.  He said  an astute observer  pointed out  that he                                                               
took the  opposite position  during the discussion  on SJR  5. At                                                               
the time,  he warned  that the  state should  avoid the  risks of                                                               
unaccountable  public corporations  "squirreling  away" funds  or                                                               
potentially  "sliding" state  assessments  in lieu  of taxes  and                                                               
expenditures from the spending cap  and the responsibility of the                                                               
legislature. He  said this  was prior to  the lawsuit  on whether                                                               
the  Power Cost  Equalization (PCE)  Fund was  "sweepable." Since                                                               
then, there was a lawsuit and  a judge's ruling. This provides an                                                               
opportunity for public corporations  to "squirrel away" funds and                                                               
potentially, not  to tax, but  to establish fees for  services on                                                               
Alaskans that would not be under the spending cap.                                                                              
                                                                                                                                
SENATOR  KIEHL suggested  that given  this, it  would be  wise to                                                               
leave  these  items  out  of  the spending  cap  in  case  future                                                               
legislatures  see  the  need  for   more  oversight  "or  tighter                                                               
control" over  operations of  state corporations.  He said  it is                                                               
not hard  to envision  a time  when the  legislature may  want to                                                               
rein in  a fee and toll  corporation, but there might  not be any                                                               
room under  the cap to  do so. Therefore, corporations  would not                                                               
be subject to the Executive  Budget Act or legislative oversight.                                                               
If  the legislature  retains the  exemption, future  legislatures                                                               
will have  that opportunity.  He said the  effect of  Amendment 3                                                               
would  be  to retain  the  constitutional  language as  it  reads                                                               
today.                                                                                                                          
                                                                                                                                
2:21:54 PM                                                                                                                    
SENATOR HUGHES  said she was interested  in allowing corporations                                                               
the  latitude  to  make  creative  solutions.  For  example,  the                                                               
legislature has  considered a corporate structure  for the Alaska                                                               
Marine  Highway System  (AMHS) since  it has  struggled. If  AMHS                                                               
came  up  with  a  way  to  increase  corporate  receipts,  those                                                               
revenues wouldn't be under the  cap. She expressed concern that a                                                               
corporation or entity could be set  up and the state could move a                                                               
substantial  amount  of revenue  to  the  entity. This  corporate                                                               
entity could  earn interest  and spin off  revenue that  would no                                                               
longer  be  included  in  the   cap.  She  suggested  a  friendly                                                               
conceptual amendment  to delete language  on line 4  of Amendment                                                               
3,  "including   revenues  of  a  public   enterprise  or  public                                                               
corporation ..."  and insert, "including corporate  receipts of a                                                               
public enterprise or public corporation...."                                                                                    
                                                                                                                                
2:23:40 PM                                                                                                                    
MR. KING responded  that the issue of the  definition of revenues                                                               
has previously  arisen in other iterations  of the constitutional                                                               
amendment.  Some   members  previously  expressed   concern  that                                                               
interest earned  on endowment funds  or state subsidies  from the                                                               
general fund could be considered  revenues of the corporation. If                                                               
the  committee is  worried about  those interpretations,  Senator                                                               
Hughes's conceptual amendment could be a good remedy.                                                                           
                                                                                                                                
2:24:13 PM                                                                                                                    
SENATOR KIEHL  said he liked  the concept. He asked  for members'                                                               
level  of  confidence  that  investment  earnings  would  not  be                                                               
considered corporate receipts.                                                                                                  
                                                                                                                                
2:24:34 PM                                                                                                                    
MR. KING  answered that the  general interpretation  of corporate                                                               
receipts  is  to   consider  them  as  monies   received  by  the                                                               
corporation in  the process of  doing business.  Specifically, it                                                               
would relate to fees charged  for services provided. The interest                                                               
accrued on assets  are considered capital gains  and not receipts                                                               
of the  corporation. It could  be defined more clearly  by saying                                                               
"corporate receipts generated  from business activities excluding                                                               
interest from  assets" or something  to that effect.  He recapped                                                               
that  generally,  the  corporate  receipts  should  exclude  non-                                                               
business like activities.                                                                                                       
                                                                                                                                
2:25:26 PM                                                                                                                    
SENATOR KIEHL  said this would  require enacting  legislation due                                                               
to  the  nature  of  the  proposal. He  agreed  with  Mr.  King's                                                               
definition. He said if that  was Senator Hughes' intent, he would                                                               
be amenable to including that  language and making the definition                                                               
clear in enacting legislation.                                                                                                  
                                                                                                                                
CHAIR HOLLAND asked  if he was speaking to  the expanded language                                                               
Mr.  King suggested  language "including  corporate receipts  and                                                               
...."                                                                                                                           
                                                                                                                                
SENATOR KIEHL  interjected that  it would  be appropriate  for an                                                               
enacting bill once this passes. He said the intent matches.                                                                     
                                                                                                                                
SENATOR HUGHES offered to move a conceptual amendment.                                                                          
                                                                                                                                
2:26:35 PM                                                                                                                    
At ease                                                                                                                         
                                                                                                                                
2:26:52 PM                                                                                                                    
CHAIR HOLLAND reconvened the meeting.                                                                                           
                                                                                                                                
2:27:05 PM                                                                                                                    
SENATOR HUGHES  moved Conceptual Amendment  1 to Amendment  3, on                                                               
line 4 to delete "revenues" and insert "corporate receipts."                                                                    
                                                                                                                                
CHAIR HOLLAND objected for discussion purposes.                                                                                 
                                                                                                                                
CHAIR HOLLAND removed his objection.                                                                                            
                                                                                                                                
2:27:31 PM                                                                                                                    
CHAIR  HOLLAND   found  no   further  objection,   so  Conceptual                                                               
Amendment 1 to Amendment 3 was adopted.                                                                                         
                                                                                                                                
2:27:36 PM                                                                                                                    
SENATOR  MYERS said  he shared  some of  Senator Kiehl's  concern                                                               
about using corporations as a  shield from under the spending cap                                                               
or hiding spending  in the other ways. He  recognized that during                                                               
the discussion on SJR  5 that the price paid for  a ticket on the                                                               
Alaska Railroad  counts toward the  spending cap. He  offered his                                                               
view  that  Conceptual Amendment  1  to  Amendment 3  would  help                                                               
segregate those funds  and help determine what  should be counted                                                               
towards the spending cap and what should not count.                                                                             
                                                                                                                                
2:28:37 PM                                                                                                                    
CHAIR HOLLAND stated that Legislative Legal Services is                                                                         
authorized to make conforming changes.                                                                                          
                                                                                                                                
2:28:51 PM                                                                                                                    
CHAIR HOLLAND stated that he would assume Senator Shower (via                                                                   
teleconference) was in agreement unless he verbally objects.                                                                    
                                                                                                                                
2:29:09 PM                                                                                                                    
SENATOR SHOWER said he agrees with the amendment.                                                                               
                                                                                                                                
2:29:17 PM                                                                                                                    
CHAIR HOLLAND removed his objection. He found no further                                                                        
objection, so Amendment 3, as amended, was adopted.                                                                             
                                                                                                                                
2:29:57 PM                                                                                                                    
SENATOR KIEHL moved to adopt Conceptual Amendment 4, which has                                                                  
handwritten changes to work order 32-LS1161.A.7.                                                                                
                                                                                                                                
                     CONCEPTUAL AMENDMENT 4                                                                                 
                                                                                                                                
     Page 1, line 16, through page 2, line 1:                                                                                   
          Delete "real gross domestic product"                                                                              
          Insert "personal income of the residents"                                                                         
                                                                                                                                
     Page 2, lines 4 - 6.                                                                                                       
                                                                                                                                
     Amend to read: The value  of the personal income of the                                                                    
     residents   in   this   section   shall   not   include                                                                    
     compensation  of state  government employees  and shall                                                                    
     not include distributions of permanent fund dividends"                                                                     
                                                                                                                                
CHAIR HOLLAND objected for discussion purposes. He asked                                                                        
for an explanation of Amendment 4 as originally drafted.                                                                        
                                                                                                                                
Amendment 4, work order 32-LS1161.A.7 in its original form read,                                                                
as follows:                                                                                                                     
                                                 32-LS1161\A.7                                                                  
                                                         Marx                                                                   
                                                       9/7/21                                                                   
                          AMENDMENT 4                                                                                       
                                                                                                                                
                                                                                                                                
    OFFERED IN THE SENATE                  BY SENATOR KIEHL                                                                     
                                                                                                                                
     Page 1, line 16, through page 2, line 1:                                                                                   
          Delete "real gross domestic product"                                                                              
          Insert "personal income of the residents"                                                                         
                                                                                                                                
     Page 2, lines 4 - 6:                                                                                                       
          Delete ". The value of the real gross domestic                                                                    
     product in this section shall not include expenditures                                                                 
     for government spending"                                                                                               
                                                                                                                                
                                                                                                                                
2:30:28 PM                                                                                                                    
SENATOR KIEHL  explained Amendment 4.  He stated that  this topic                                                               
arose during  the original  discussion of  the bill.  Amendment 4                                                               
would  ultimately   shift  the  economic  indicator   from  gross                                                               
domestic product (GDP) to personal  income. Without restating the                                                               
discussion   from   the  prior   hearing,   it   would  put   the                                                               
legislature's interest  directly on  the people being  served. He                                                               
highlighted that  personal income  would be  less subject  to the                                                               
peaks  and   valleys  of  oil   prices  or  mineral   prices.  He                                                               
acknowledged that Mr.  King could help adjust the  figures in the                                                               
bill to keep within the sponsor's spending level.                                                                               
                                                                                                                                
2:31:52 PM                                                                                                                    
SENATOR  MYERS expressed  concern  about  Conceptual Amendment  4                                                               
since it  proposes using  personal income instead  of GDP  as the                                                               
economic  indicator. He  said  he understood  the  reason to  use                                                               
personal income  is because  it is a  commonly used  indicator in                                                               
the Lower 48 and  Alaska would be the first state  to use GDP. He                                                               
said a significant  portion of SJR 301 is to  tie the activity of                                                               
the state  government to the  activities of the  state's economy.                                                               
However, a lot of personal income  does not tie directly into the                                                               
state's economy, such  as retirement income. He  offered his view                                                               
that  retirement  income and  investment  income  will only  grow                                                               
moving  forward.  Currently,  retirement  accounts  have  spread,                                                               
including 401(k)  accounts. Perhaps his daughters'  college funds                                                               
would qualify  as personal  income, but none  of this  income has                                                               
anything to do with economic activity in the state, he said.                                                                    
                                                                                                                                
2:33:51 PM                                                                                                                    
SENATOR MYERS  elaborated that the goal  of SJR 301 is  to affect                                                               
state policy  by creating a  good business climate  and encourage                                                               
investment in  Alaska, not  in the  stock market  as a  whole. He                                                               
said he would  rather see people invest in their  own business or                                                               
a  friend's  business and  foster  economic  activity in  Alaska.                                                               
Switching from  GDP to  personal income will  cause the  state to                                                               
lose sight  of this,  which ultimately could  result in  a larger                                                               
government  spend. Although  he recognized  some volatility  of a                                                               
natural  resource based  economy,  he maintained  that  GDP is  a                                                               
better approach.                                                                                                                
                                                                                                                                
2:35:59 PM                                                                                                                    
SENATOR  HUGHES  said  she  appreciates SJR  301  because  it  is                                                               
important for the  legislature to think about  the state's budget                                                               
in terms  of what  Alaska can  afford. She  stated that  the oil-                                                               
based  economy  is  volatile  with  deep  spikes  and  drops  but                                                               
indexing to  the GDP using  the 5-year averaging would  smooth it                                                               
out. She  said the  changes would still  result in  rolling hills                                                               
and valleys. However,  when oil prices go up the  budget tends to                                                               
increase and when prices drop,  it creates a crisis. This results                                                               
in the  state needing to  make cuts  or raise taxes.  However, if                                                               
the  state  had  a  more  diversified  economy,  it  would  be  a                                                               
brilliant thing to explore.                                                                                                     
                                                                                                                                
SENATOR  HUGHES offered  her support  for Conceptual  Amendment 4                                                               
for two reasons.  First, personal income would  smooth things out                                                               
even better than  GDP. Second, personal income  relates to income                                                               
of  residents  and  reflects  what  the  state  can  afford.  For                                                               
example,  if the  oil industry  is doing  really well  and prices                                                               
rose, a lot of dollars would  leave the state and other countries                                                               
and shareholders benefit, not Alaskans.                                                                                         
                                                                                                                                
2:38:11 PM                                                                                                                    
SENATOR HUGHES  said it  would not  take the  legislature's focus                                                               
off  the state's  economic health  because personal  income is  a                                                               
subset of GDP. Thus, it will  reflect the general intent that the                                                               
budget is relevant but have  a better smoothing effect. Income is                                                               
income, she  said, whether  it is retiree  income or  not. Third,                                                               
since  personal  income does  not  include  income going  out  of                                                               
state, it  will provide  a better  indicator. She  explained that                                                               
effect of  Conceptual Amendment 4 is  to delete lines 6  and 7 of                                                               
Amendment 4.                                                                                                                    
                                                                                                                                
2:39:45 PM                                                                                                                    
SENATOR KIEHL  read the  portion of  Conceptual Amendment  4 that                                                               
incorporated  the handwritten  changes for  the benefit  of those                                                               
listening to the hearing:                                                                                                       
                                                                                                                                
     On page 2, lines 4-6                                                                                                       
                                                                                                                                
     Amend to  read: "The  value of  the personal  income of                                                                    
     the  residents  in  this   section  shall  not  include                                                                    
     compensation  of state  government employees  and shall                                                                    
     not include distributions of permanent fund dividends.                                                                     
                                                                                                                                
2:40:19 PM                                                                                                                    
SENATOR  KIEHL  said  he  appreciated  Senator  Hughes'  work  on                                                               
Conceptual  Amendment 4.  It  avoids a  feedback  loop, in  which                                                               
state employee spend  or PFDs can affect the  cap. These feedback                                                               
loops can  create vicious cycles.  Conceptual Amendment  4 cleans                                                               
it up and prevents feedback loops.                                                                                              
                                                                                                                                
2:40:56 PM                                                                                                                    
SENATOR SHOWER  asked Mr. King to  weigh in. He recalled  work on                                                               
other constitutional amendments.                                                                                                
                                                                                                                                
2:41:31 PM                                                                                                                    
MR.  KING responded  that  it  comes down  to  a  policy call  of                                                               
whether  to  use GDP  or  personal  income as  the  macroeconomic                                                               
indicator  of  choice.  The  GDP  will  be  more  volatile  in  a                                                               
resource-based economy  such as Alaska  because the price  of the                                                               
commodities  changes the  GDP without  any changes  in production                                                               
levels. Therefore,  in a more  standard economy that is  based on                                                               
manufacturing,  GDP would  expand  if a  new manufacturing  plant                                                               
opened up. There would be a  strong economic tie to the amount of                                                               
economic activity  involved captured by  GDP. In Alaska,  GDP can                                                               
increase because  the prices  change so it  is more  volatile. He                                                               
acknowledged that the  5-year average helps smooth  out the peaks                                                               
and valleys.                                                                                                                    
                                                                                                                                
2:42:46 PM                                                                                                                    
MR. KING  said as Senator Myers  pointed out, if the  state moves                                                               
away  from  a  resource-based  economy, GDP  might  be  a  better                                                               
measure of  how the economy  functions rather than the  amount of                                                               
money people in  the economy have. Senator Hughes  made the point                                                               
that  the amount  of the  money residents  have provides  the tax                                                               
base  of  the  government.  Therefore,   other  states  that  use                                                               
personal income  and have income  taxes are very  married because                                                               
it does  determine how  much is available  for the  government to                                                               
spend. He  said either  of these indicators  will work.  He noted                                                               
that personal  income would  be a little  less volatile  but that                                                               
does  not   automatically  mean  it  is   superior.  However,  if                                                               
volatility  is one  of the  measures the  legislature is  worried                                                               
about, it is a concern.                                                                                                         
                                                                                                                                
2:43:48 PM                                                                                                                    
SENATOR SHOWER  indicated he supports  the indicator  change from                                                               
GDP  to personal  income. He  asked Mr.  King if  either approach                                                               
will serve the state slightly better.                                                                                           
                                                                                                                                
MR. KING  responded that on  the one hand,  the GDP is  a leading                                                               
indicator  of personal  income in  some  respects, especially  in                                                               
Alaska's commodity-based  market. When  oil prices  increase, the                                                               
companies  producing  oil  have  more  money  in  their  budgets.                                                               
Therefore, the  companies can use  the additional funds  in their                                                               
capital budgets and  maintenance funds to hire more  people to do                                                               
maintenance, exploration,  and development.  Thus, GDP  will move                                                               
faster than  personal income,  which is  one reason  why personal                                                               
income tends to be smoother.  When dramatic shifts occur with oil                                                               
pricing, companies are trying to  manage those peaks and valleys.                                                               
Since Alaska already uses a  5-year average, the state is already                                                               
"lagging" the  indicator. So using  a 5-year average  on personal                                                               
income will result  in "lagging" a lagging  indicator. This means                                                               
it  will  move   even  slower  and  be  more   stable,  but  less                                                               
responsive. There  are merits  to either  decision, he  said. For                                                               
example, if  the state moves  away from a  resource-based economy                                                               
to a more diversified economy  this conversation will not matter.                                                               
He said he does not have  a strong opinion for which indicator to                                                               
use in the context of  a constitutional amendment looking forward                                                               
in 50-100 years.                                                                                                                
                                                                                                                                
2:46:24 PM                                                                                                                    
SENATOR MYERS highlighted that the  most important part of GDP is                                                               
"D" or  domestic. It is what  happens here, he said.  A number of                                                               
types  of personal  income  happen elsewhere  but  flow into  the                                                               
state. Thus, moving away from  what happens domestically concerns                                                               
him. Certainly,  volatility is an  issue but the state  is moving                                                               
away  from that  as  it becomes  less dependent  on  oil for  the                                                               
state's  economy as  a  whole.  Alaska will  still  be a  natural                                                               
resources  state  due  to mining,  fishing  or  other  resources.                                                               
However, none  of those will  swing as wildly as  oil. Therefore,                                                               
it's important to move the  state towards a more diverse economy.                                                               
Focusing on GDP  could result in the  legislature considering the                                                               
state's  economy as  a whole  rather than  solely on  its natural                                                               
resources.  Finally,  if  state   employees  are  backed  out  of                                                               
personal income,  salaries of  local government  employees should                                                               
also be taken  out due to pass through  funding. Alaska's funding                                                               
is a  little different  in that  so much  of local  government is                                                               
funded  by the  state. For  example, funding  from the  state for                                                               
school districts,  community assistance grants, school  bond debt                                                               
reimbursement all  effect local  government. Other  states manage                                                               
these things at the county level, he said.                                                                                      
                                                                                                                                
2:49:41 PM                                                                                                                    
REPRESENTATIVE JAMES  KAUFMAN, Alaska State  Legislature, Juneau,                                                               
Alaska, speaking  as sponsor  of the companion  bill to  SJR 301,                                                               
stated  that one  goal in  crafting  [SJR 301  and the  companion                                                               
bill, HJR  301] was  to use the  best composite  index, including                                                               
volatility. Although  GDP is  novel, it  was selected  because it                                                               
incorporated so  many factors,  including new  business activity,                                                               
inflation and population. Moreover, data  is easier to obtain and                                                               
the quality of the metric has improved.                                                                                         
                                                                                                                                
REPRESENTATIVE  KAUFMAN  acknowledged  the necessity  for  multi-                                                               
generational language in a constitution, which should span 50-                                                                  
100 years. Although the economy will  not always be oil based, it                                                               
will be resource driven and will  ebb and flow. He predicted that                                                               
if states using  personal income as the economic  indicator had a                                                               
chance to do  so, some states might consider switching  to a GDP.                                                               
The  economic modeling  shows that  extreme volatility  evens out                                                               
with the five-year  smoothing so it has not  been problematic, he                                                               
said.                                                                                                                           
                                                                                                                                
2:52:22 PM                                                                                                                    
REPRESENTATIVE KAUFMAN  said his  second choice  would be  to use                                                               
personal  income.  He considered  using  it  but found  that  GDP                                                               
really  represents  the  private  sector economy,  which  is  the                                                               
productive economy that  should be the focus rather  than for the                                                               
state to rely so heavily on government.                                                                                         
                                                                                                                                
2:52:53 PM                                                                                                                    
SENATOR HUGHES remarked  that in the last 50 years  the state has                                                               
had  an  oil-based  economy.  During   the  budget  process,  the                                                               
legislature has observed a growth  in the number of Alaskans that                                                               
are dependent  on government  for their income.  In fact,  one in                                                               
three  Alaskans  rely  on  Medicaid,   she  said.  By  tying  the                                                               
[appropriations  limit] to  personal income,  the state  would be                                                               
focused on improving  the income of all residents  and working to                                                               
diminish  the  number  of  people  dependent  on  government.  As                                                               
Representative Kaufman noted,  the GDP data has  improved, but so                                                               
has the  personal income data  collection. Since  personal income                                                               
is more directly related to  the money available in Alaska, using                                                               
it  as  the indicator  encourages  the  legislature to  focus  on                                                               
economic  growth.  Thus, it  would  add  an additional  motivator                                                               
besides seeking  a healthy economy. Although  she recognized that                                                               
Representative Kaufman  does not  support personal income  as the                                                               
first  choice for  an  economic indicator,  and  even though  the                                                               
five-year average  will provide some  smoothing, it would  not be                                                               
as  smooth as  using personal  income. Again,  during oil  income                                                               
spikes, much  of that income goes  outside, but it also  leads to                                                               
larger  state budgets  and potentially  to budget  gaps. Further,                                                               
she  expressed concern  about rolling  hills and  volatility. She                                                               
stated her  support for  using a  personal income  per Conceptual                                                               
Amendment 4.                                                                                                                    
                                                                                                                                
2:55:25 PM                                                                                                                    
SENATOR  KIEHL said  it  all comes  back to  the  need for  state                                                               
services.  Investors still  have kids  in schools,  license their                                                               
cars,  insure  their   homes,  and  use  the   court  system.  He                                                               
acknowledged that  personal income is  not as  close a tie  as an                                                               
infrastructure  base,  but the  income  of  Alaskans is  key.  He                                                               
provided what he  characterized as an absurd example,  in which a                                                               
Canadian Robotic Mining Company mine  on the Canadian side of the                                                               
border extracted ore  in Alaska but did not  employ any Alaskans.                                                               
This would not  benefit Alaskans in any meaningful  way. He asked                                                               
members to support Conceptual Amendment 4.                                                                                      
                                                                                                                                
2:57:19 PM                                                                                                                    
At ease                                                                                                                         
                                                                                                                                
2:57:49 PM                                                                                                                    
CHAIR HOLLAND reconvened the meeting.                                                                                           
                                                                                                                                
2:57:53 PM                                                                                                                    
SENATOR MYERS proposed Conceptual Amendment  1 to Amendment 4, on                                                               
line  7   add  "compensation  of   state  and   local  government                                                               
employees."                                                                                                                     
                                                                                                                                
2:58:22 PM                                                                                                                    
CHAIR HOLLAND objected for discussion purposes.                                                                                 
                                                                                                                                
CHAIR  HOLLAND  removed  his  objection.   He  heard  no  further                                                               
objections,  so  Conceptual  Amendment   1  to  Amendment  4  was                                                               
adopted.                                                                                                                        
                                                                                                                                
2:58:49 PM                                                                                                                    
CHAIR  HOLLAND  brought  Amendment  4,  as  amended,  before  the                                                               
committee. He removed his objection.                                                                                            
                                                                                                                                
SENATOR MYERS objected.                                                                                                         
                                                                                                                                
At ease                                                                                                                         
                                                                                                                                
2:59:09 PM                                                                                                                    
CHAIR HOLLAND reconvened the meeting.                                                                                           
                                                                                                                                
A  roll  call  vote  was  taken.  Senators  Hughes,  Shower  (via                                                               
teleconference) Kiehl and Holland voted  in favor of Amendment 4,                                                               
as  amended,  and  Senator Myers  voted  against  it.  Therefore,                                                               
Amendment 4, as amended, was adopted by a 4:1 vote.                                                                             
                                                                                                                                
2:59:43 PM                                                                                                                    
CHAIR  HOLLAND  announced  that  Amendment  4,  as  amended,  was                                                               
adopted by a vote of 4 yeas and 1 nay.                                                                                          
                                                                                                                                
2:59:58 PM                                                                                                                    
At ease                                                                                                                         
                                                                                                                                
3:00:25 PM                                                                                                                    
CHAIR HOLLAND reconvened the meeting and tabled Amendment 5.                                                                    
                                                                                                                                
3:00:55 PM                                                                                                                    
SENATOR  MYERS  moved  to  adopt  Amendment  6,  work  order  32-                                                               
LS1161\A.8.                                                                                                                     
                                                                                                                                
                                                 32-LS1161\A.8                                                                  
                                                         Marx                                                                   
                                                       9/8/21                                                                   
                                                                                                                                
                          AMENDMENT 6                                                                                       
                                                                                                                                
                                                                                                                                
OFFERED IN THE SENATE                                                                                                           
     TO:  SJR 301                                                                                                               
                                                                                                                                
     Page 2, lines 3 - 4:                                                                                                       
          Delete "established by law except that the                                                                        
     percentage shall be not more than fourteen percent"                                                                    
          Insert "the percentage established by law that is                                                                 
     not a law enacted as an appropriation bill or fourteen                                                                 
     percent, whichever is less"                                                                                            
                                                                                                                                
                                                                                                                                
CHAIR HOLLAND objected for discussion purposes.                                                                                 
                                                                                                                                
3:01:00 PM                                                                                                                    
SENATOR  MYERS explained  that Amendment  6 provides  a technical                                                               
fix for an  issue raised by Senator Hughes. SJR  301 provides for                                                               
a  spending  cap  in  statute  that does  not  exceed  more  than                                                               
fourteen  percent of  the average  of the  value of  the personal                                                               
income  of residents  established  by law.  Since  the budget  is                                                               
considered a law, it would overwrite any statute.                                                                               
                                                                                                                                
SENATOR MYERS said Amendment 6  would clarify that the percentage                                                               
that applies  to the  calculation in  the proposed  resolution is                                                               
either  the  amount  established  by law,  or  fourteen  percent,                                                               
whichever is  less. Amendment  6 also provides  that the  law may                                                               
not be an appropriation law.                                                                                                    
                                                                                                                                
SENATOR MYERS  explained that the  bill would provide  a spending                                                               
cap of not more than 14 percent.                                                                                                
                                                                                                                                
3:02:31 PM                                                                                                                    
SENATOR  KIEHL  asked  if  the  spending cap  in  SJR  301  would                                                               
specifically be subject to an initiative.                                                                                       
                                                                                                                                
SENATOR  MYERS  offered  to check  with  Legislative  Legal.  His                                                               
initial  reaction is  that  it  could be  done  by an  initiative                                                               
because  an  initiative  process   does  not  appropriate  money.                                                               
Amendment 6  would limit the  amount that can be  appropriated so                                                               
there  would not  be any  restriction. Conversely,  an initiative                                                               
could raise the spending cap, as well.                                                                                          
                                                                                                                                
3:03:49 PM                                                                                                                    
SENATOR KIEHL  said he reviewed  the restrictions  on initiatives                                                               
and it  is clear this  doesn't make or repeal  appropriations. He                                                               
was uncertain  whether there  was an  argument it  could dedicate                                                               
revenues. He said  this is something to  contemplate. However, he                                                               
said he thinks he agrees with Senator Myer's interpretation.                                                                    
                                                                                                                                
3:04:39 PM                                                                                                                    
CHAIR  HOLLAND  removed  his  objection.   He  found  no  further                                                               
objection, so Amendment 6 was adopted.                                                                                          
                                                                                                                                
3:05:00 PM                                                                                                                    
                                                                                                                                
SENATOR  MYERS  moved  to  adopt  Amendment  7,  work  order  32-                                                               
LS1161\A.9.                                                                                                                     
                                                   32-LS1161\A.9                                                                
                                                           Marx                                                                 
                                                         9/8/21                                                                 
                                                                                                                                
                          AMENDMENT 7                                                                                       
                                                                                                                                
                                                                                                                                
OFFERED IN THE SENATE                          BY SENATOR MYERS                                                                 
     TO:  SJR 301                                                                                                               
                                                                                                                                
     Page 2, lines 2 - 4:                                                                                                       
          Delete "The percentage that applies to the                                                                        
      calculation in this section shall be established by                                                                   
     law except that the percentage shall be not more than                                                                  
     fourteen percent."                                                                                                     
          Insert "The percentage shall be established by                                                                    
     law  and shall  not  exceed fourteen  percent. Upon  an                                                                
     affirmative  vote of  two-thirds of  the membership  of                                                                
     each   house,  the   legislature  may   appropriate  an                                                                
     additional  amount for  capital projects  in excess  of                                                                
     the  limit under  this section,  except that  the total                                                                
     amount appropriated  shall not  exceed an  amount equal                                                                
     to  fourteen percent  of the  average calculated  under                                                                
     this section."                                                                                                         
                                                                                                                                
                                                                                                                                
CHAIR HOLLAND objected for discussion purposes.                                                                                 
                                                                                                                                
3:05:05 PM                                                                                                                    
SENATOR MYERS  explained that Amendment  7 began as  a discussion                                                               
with  SJR 5  and applies  to SJR  301, in  which the  issuance of                                                               
general  obligation (GO)  bonds  and their  repayment are  exempt                                                               
from the cap.  This provides an incentive for  the legislature to                                                               
avoid  the  cap  in  capital   spend  by  issuing  GO  bonds.  He                                                               
characterized it as a pretty  easy escape valve. In searching for                                                               
a solution,  he used the  assumption that a future  statutory cap                                                               
was in  place, which was  lower than the  constitutional spending                                                               
cap.  Capital appropriations  could  be made  for the  difference                                                               
between the statutory cap and  the constitutional spending limit,                                                               
but it would require a two-thirds  vote of each body instead of a                                                               
simple majority. This would avoid  the expense of an election and                                                               
remove an  incentive to create  new debt, but still  provide head                                                               
room on the  cap. As mentioned in the bill  presentation, part of                                                               
the  goal  and purpose  of  SJR  301  is  to smooth  out  capital                                                               
spending  to avoid  maintenance  or  deferred maintenance  costs.                                                               
This  would  maintain  some  smoothing,  add  accountability  and                                                               
retain the spending cap, but give  the state the ability to build                                                               
capital projects in the state.                                                                                                  
                                                                                                                                
3:07:51 PM                                                                                                                    
SENATOR  HUGHES  acknowledged  the  need  for  infrastructure  in                                                               
Alaska.  Assuming   the  constitutional  amendment  was   set  at                                                               
fourteen percent and the statute  at eleven percent, she asked if                                                               
it would  require a two-thirds  vote to exceed eleven  percent or                                                               
only if it surpassed fourteen percent.                                                                                          
                                                                                                                                
SENATOR  MYERS  answered it  would  be  required if  it  exceeded                                                               
eleven percent.                                                                                                                 
                                                                                                                                
SENATOR  HUGHES  asked whether  the  two-thirds  vote could  ever                                                               
exceed the fourteen percent.                                                                                                    
                                                                                                                                
SENATOR MYERS answered no.                                                                                                      
                                                                                                                                
3:08:44 PM                                                                                                                    
SENATOR HUGHES asked for the definition of capital projects.                                                                    
                                                                                                                                
SENATOR MYERS  said the Senate Transportation  Standing Committee                                                               
discussed the definition during  the general obligation (GO) bond                                                               
package  in  SB  74.  The  Alaska  Supreme  Court  uses  a  legal                                                               
definition for  capital projects in the  Alaska Constitution that                                                               
requires physical infrastructure.                                                                                               
                                                                                                                                
3:09:50 PM                                                                                                                    
SENATOR KIEHL  related that the  past court and  attorney general                                                               
opinions  relate  to a  definition  of  capital improvements.  He                                                               
related that the  term "capital projects" is  defined in statute.                                                               
He asked if  the sponsor wanted to use capital  projects or if he                                                               
preferred to use the term "capital improvements.                                                                                
                                                                                                                                
SENATOR  MYERS responded  that he  preferred to  use the  tighter                                                               
term "capital improvements."                                                                                                    
                                                                                                                                
3:10:55 PM                                                                                                                    
SENATOR HUGHES asked if asked  if a capital project would include                                                               
a new road.                                                                                                                     
                                                                                                                                
SENATOR KIEHL answered yes.                                                                                                     
                                                                                                                                
3:11:20 PM                                                                                                                    
SENATOR KIEHL  referred to  lines 4-5 of  Amendment 7,  which was                                                               
amended by  Amendment 6. He  asked if  the sponsor wanted  to use                                                               
that language in Amendment 7.                                                                                                   
                                                                                                                                
3:11:49 PM                                                                                                                    
At ease                                                                                                                         
                                                                                                                                
3:12:19 PM                                                                                                                    
CHAIR HOLLAND reconvened the meeting.                                                                                           
                                                                                                                                
3:12:21 PM                                                                                                                    
SENATOR MYERS  moved Conceptual  Amendment 1  to Amendment  7, on                                                               
line 6 to replace "projects" with "improvements".                                                                               
                                                                                                                                
CHAIR  HOLLAND   found  no   further  objection,   so  Conceptual                                                               
Amendment 1 to Amendment 7 was adopted.                                                                                         
                                                                                                                                
SENATOR  KIEHL asked  if  lines 4  and 5  of  Amendment 7  should                                                               
conform to Amendment 6.                                                                                                         
                                                                                                                                
SENATOR MYERS answered yes.                                                                                                     
                                                                                                                                
3:13:08 PM                                                                                                                    
CHAIR HOLLAND removed his objection.                                                                                            
                                                                                                                                
CHAIR  HOLLAND found  no further  objection, so  Amendment 7,  as                                                               
amended, was adopted.                                                                                                           
                                                                                                                                
3:13:36 PM                                                                                                                    
At ease                                                                                                                         
                                                                                                                                
3:16:18 PM                                                                                                                    
CHAIR HOLLAND reconvened the meeting and withdrew Amendment 8                                                                   
                                                                                                                                
3:16:41 PM                                                                                                                    
MR. KING explained  that every change the  committee made changed                                                               
the  macroeconomic indicator,  which is  the value  multiplied by                                                               
the percentage.  The fourteen percent  in SJR 301 was  written to                                                               
achieve a certain outcome assuming  real GDP minus all government                                                               
spending.  By moving  to personal  income minus  state and  local                                                               
compensation of  employees and the permanent  fund dividend, that                                                               
number has changed, he said.                                                                                                    
                                                                                                                                
3:17:27 PM                                                                                                                    
MR. KING  concluded that  it actually  turns out  to almost  be a                                                               
wash.  The fourteen  percent that  is currently  in SJR  301 will                                                               
provide approximately  $600-$700 million in head  room, which was                                                               
in line with the intent of  the original amendment. If the intent                                                               
was to get down to that  level with the 12.5 percent in Amendment                                                               
8, maintaining the  fourteen percent will be very  close to that.                                                               
He said  this calculation could  be done  by the committee  or it                                                               
could be deferred to the Senate Finance Committee.                                                                              
                                                                                                                                
CHAIR HOLLAND reiterated that he withdrew Amendment 8.                                                                          
                                                                                                                                
3:18:24 PM                                                                                                                    
SENATOR MYERS moved Amendment 2, work order 32-LS 1161.A. 4.                                                                    
                                                                                                                                
                                                    32-LS1161\A.4                                                               
                                                     Wallace/Marx                                                               
                                                          9/8/21                                                                
                                                                                                                                
                          AMENDMENT 2                                                                                       
                                                                                                                                
                                                                                                                                
OFFERED IN THE SENATE                                                                                                           
     TO:  SJR 301                                                                                                               
                                                                                                                                
                                                                                                                                
     Page 2, line 1:                                                                                                            
          Delete "reported by federal indices as prescribed                                                                 
     by law"                                                                                                                
          Insert "as estimated by the federal bureau                                                                        
     responsible for economic analysis according to federal                                                                 
     law, expressed in current dollars,"                                                                                    
                                                                                                                                
CHAIR HOLLAND objected for discussion purposes.                                                                                 
                                                                                                                                
3:18:39 PM                                                                                                                    
SENATOR  MYERS explained  Amendment  2 was  a technical  language                                                               
change on  the advice of  Mr. King.  The initial language  in SJR
301 used  GDP reported by  federal indices as prescribed  by law.                                                               
However, Mr.  King indicated that the  way it is reported  was as                                                               
an estimate using economic models.  Amendment 2 will correct that                                                               
by replacing  it with the  language "as estimated by  the federal                                                               
bureau  responsible for  economic analysis  according to  federal                                                               
law, expressed in current dollars."                                                                                             
                                                                                                                                
3:19:37 PM                                                                                                                    
SENATOR MYERS  moved Conceptual  Amendment 1  to Amendment  2, to                                                               
strike "expressed in current dollars."                                                                                          
                                                                                                                                
CHAIR HOLLAND objected for discussion purposes.                                                                                 
                                                                                                                                
SENATOR  MYERS  explained  that income  is  always  expressed  in                                                               
current  dollars. In  order  to  calculate the  lag,  it will  be                                                               
necessary  to  factor  in  inflation.  Again,  income  is  always                                                               
expressed in dollars, he said.                                                                                                  
                                                                                                                                
3:20:06 PM                                                                                                                    
SENATOR HUGHES asked Mr. King to explain the effect.                                                                            
                                                                                                                                
MR. KING  explained that technically,  personal income  is always                                                               
expressed  in  nominal dollars,  not  in  current dollars,  which                                                               
would  be  historic dollars  adjusted  for  inflation. Since  the                                                               
committee removed the  language "real GDP" there is  no longer an                                                               
inflation  adjustment  within  the  macroeconomic  indicator  and                                                               
therefore  the  term  "expressed   in  current  dollars"  is  not                                                               
necessary  unless the  intent of  the committee  is to  re-impose                                                               
inflation adjustments.                                                                                                          
                                                                                                                                
3:20:55 PM                                                                                                                    
CHAIR  HOLLAND  removed his  objection.  Chair  Holland found  no                                                               
further objection, so  Conceptual Amendment 1 to  Amendment 2 was                                                               
adopted.                                                                                                                        
                                                                                                                                
CHAIR  HOLLAND stated  Amendment 2,  as amended,  was before  the                                                               
committee.                                                                                                                      
                                                                                                                                
3:21:18 PM                                                                                                                    
CHAIR  HOLLAND withdrew  his objection.  Chair  Holland heard  no                                                               
further objection, so Amendment 2, as amended, was adopted.                                                                     
                                                                                                                                
3:21:29 PM                                                                                                                    
SENATOR KIEHL  withdrew Amendment  5. He  stated that  this issue                                                               
was previously addressed.                                                                                                       
                                                                                                                                
3:21:59 PM                                                                                                                    
CHAIR HOLLAND solicited a motion.                                                                                               
                                                                                                                                
3:22:05 PM                                                                                                                    
SENATOR HUGHES  moved to report  SJR 301, work  order 32-LS116\A,                                                               
as amended,  from committee  with individual  recommendations and                                                               
attached fiscal note(s).                                                                                                        
                                                                                                                                
3:22:24 PM                                                                                                                    
SENATOR KIEHL  said he is not  a fan of spending  caps because he                                                               
doesn't view them as constitutional  necessities in a system with                                                               
regular  elections. However,  he found  SJR 301  to be  carefully                                                               
crafted and  responsive to  a number  of concerns.  Therefore, he                                                               
will carefully  watch it as it  goes through the process,  but he                                                               
will not object to it moving from committee.                                                                                    
                                                                                                                                
3:22:53 PM                                                                                                                    
SENATOR HUGHES offered her view that  SJR 301 was improved in the                                                               
process.  She  stated that  part  of  the Fiscal  Policy  Working                                                               
Group's  (FPWG)  recommendation  included  a  spending  cap.  She                                                               
stated that this could be a vehicle for one of the components.                                                                  
                                                                                                                                
3:23:29 PM                                                                                                                    
SENATOR SHOWER said  the FPWG members were not aligned  on how to                                                               
craft  a   spending  cap,  but   everyone  agreed   changes  were                                                               
necessary. He characterized this as  a step in that direction. He                                                               
stated that SJR 301 was  in line with FPWG recommendations moving                                                               
forward.                                                                                                                        
                                                                                                                                
3:24:31 PM                                                                                                                    
REPRESENTATIVE  KAUFMAN  appreciated   the  productive  committee                                                               
work.  He said  the core  goal was  to have  something that  ties                                                               
government to the  productive economy. He said  this measure does                                                               
so. He commended the committee process.                                                                                         
                                                                                                                                
3:25:35 PM                                                                                                                    
SENATOR  MYERS said  even if  the committee  spent months  on the                                                               
language  for the  spending cap  that  another legislature  would                                                               
find holes. He characterized it  as an imperfect solution. Still,                                                               
the state needs a spending cap.  He thanked the committee for its                                                               
willingness to discuss SJR 301.                                                                                                 
                                                                                                                                
3:26:35 PM                                                                                                                    
CHAIR  HOLLAND  heard  no  further  objection.  Therefore,  CSSJR
301(JUD)  was   reported  from  the  Senate   Judiciary  Standing                                                               
Committee.                                                                                                                      
                                                                                                                                
3:26:49 PM                                                                                                                    
There being  no further  business to  come before  the committee,                                                               
Chair Holland  adjourned the Senate Judiciary  Standing Committee                                                               
meeting at 3:26 p.m.                                                                                                            

Document Name Date/Time Subjects
SJR 5 Legal Memo 2.pdf SJUD 9/9/2021 1:30:00 PM
SJR 5
SJR301
SJR 301 Legal Memo to A.8.pdf SJUD 9/9/2021 1:30:00 PM
SJR301
SJR 301 SJUD Amendment Packet.pdf SJUD 9/9/2021 1:30:00 PM
SJR301