CHAIRMAN KELLY called the Labor and Commerce meeting to order at 3:22 p.m. and announced SB 244 (PERMANENT FUND INVESTMENTS - LTD PARTNERS) to be up for consideration. SENATOR KELLY said the first amendment they had was on page 1, line 7 after "interest in a" insert "non-recourse" and after "ownership in a" insert "non-recourse." CARL BRADY, Permanent Fund Corporation, said he had no objection to that. SENATOR KELLY said the second amendment was on page 2, line 3 after "approved" to insert "at least." MR. BRADY had no objection to that one either. SENATOR SHARP moved to adopt CSSB 244(L&C). There were no objections and it was so ordered. SENATOR SHARP moved to pass CSSB 244(L&C) from committee. There were no objections and it was so ordered.