SB 104-PERMANENT FUND DIVIDEND FRAUD/ELIGIBILITY                                                                    
                                                                                                                                
CHAIR  RALPH  SEEKINS  announced that  the  Conference  Committee                                                               
Substitute for SB  104 was the business before  the committee and                                                               
that  limited powers  of  free conference  had  been granted.  He                                                               
noted that  Version \C incorporates  the amendments  discussed at                                                               
the  previous meeting  and  that the  limited  powers pertain  to                                                               
Sections 35, 36 and 37.                                                                                                         
                                                                                                                                
3:10:43 PM                                                                                                                    
                                                                                                                                
SENATOR GRETCHEN GUESS  asked for an explanation  of the thinking                                                               
behind moving the effective date  for the eligibility sections to                                                               
2007. She suggested a 2006  effective date wouldn't hurt and that                                                               
would make it possible for Olympic  athletes to be eligible for a                                                               
dividend this year.                                                                                                             
                                                                                                                                
3:11:34 PM                                                                                                                    
                                                                                                                                
SHARON BARTON, Director of the  Permanent Fund Dividend Division,                                                               
explained  that the  application  period for  the 2006  dividend,                                                               
which will be paid in October 2006, has closed.                                                                                 
                                                                                                                                
SENATOR GUESS  questioned whether the Olympic  athletes would get                                                               
to count 2006 as a dividend  year or just 2007 if the eligibility                                                               
section goes into  effect in January 2007. She  observed that the                                                               
2006 application considers eligibility  in calendar year 2005 and                                                               
not in 2006.                                                                                                                    
                                                                                                                                
MS.  BARTON agreed;  to be  eligible  for the  2007 dividend  the                                                               
effective date should remain at  2006. Year 2006 Olympic athletes                                                               
would be eligible for the 2007 dividend.                                                                                        
                                                                                                                                
3:13:40 PM                                                                                                                    
                                                                                                                                
SENATOR GUESS  commented that in a  year when Alaska had  so many                                                               
Olympians  it would  be embarrassing  to pass  the bill  and find                                                               
those athletes weren't eligible.                                                                                                
                                                                                                                                
SENATOR  GUESS  moved to  amend  page  16,  line 29.  Change  the                                                               
effective date from January 1, 2007 to January 1, 2006.                                                                         
                                                                                                                                
CHAIR SEEKINS found  no objection and announced  that Amendment 1                                                               
was adopted.                                                                                                                    
                                                                                                                                
CHAIR SEEKINS found no further  motions or comments and asked for                                                               
a motion  to accept and forward  the Conference CS for  SB 104 to                                                               
the individual bodies.                                                                                                          
                                                                                                                                
REPRESENTATIVE  McGUIRE moved  to report  Version \C  CCS for  SB                                                               
104,  as amended,  to  the  House and  the  Senate with  attached                                                               
revised  fiscal  notes.  There  being no  objection,  it  was  so                                                               
ordered.                                                                                                                        
                                                                                                                                
3:14:29 PM                                                                                                                    
                                                                                                                                
SENATOR GENE THERRIAULT noted that  the drafters made the desired                                                               
technical  change on  page  8.  The word  "that"  was changed  to                                                               
"who."