00Enrolled HR 7                                                                                                           
01 Establishing a House Special Committee on Fiscal Policy.                                                                
02                                        _______________                                                                  
03 BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES:                                                                       
04      WHEREAS the State of Alaska's fiscal policy is of vital importance to the state's                                
05 long-term financial well-being; and                                                                                     
06      WHEREAS petroleum has been the primary source of revenue to the State of Alaska                                  
07 for more than 30 years; and                                                                                             
08      WHEREAS the Alaska State Legislature is responsible for the appropriation of funds                               
09 to support state services; and                                                                                          
10      WHEREAS petroleum production is falling at an annual rate of 4 to 6 percent; and                                 
11      WHEREAS state agency general fund operating budgets have increased at an average                                 
12 annual rate of 6.8 percent during the past five years; and                                                              
13      WHEREAS the Alaska State Legislature believes it is prudent to plan for times of                                 
14 lower revenue;                                                                                                          
15      BE IT RESOLVED by the House of Representatives that a House Special Committee                                    
16 on Fiscal Policy is established to examine the state's current and future fiscal situation and                          
17 make recommendations to ensure a sound fiscal future; and be it                                                         

01      FURTHER RESOLVED that the speaker of the House of Representatives shall                                          
02 determine the number of representatives to be members of the committee and shall appoint                                
03 the members and designate a member to chair the committee; and be it                                                    
04      FURTHER RESOLVED that the House Special Committee on Fiscal Policy may                                           
05 meet during and between sessions of the Twenty-Seventh Alaska State Legislature and is to                               
06 terminate on the convening of the First Session of the Twenty-Eighth Alaska State                                       
07 Legislature.