00Enrolled SJR 2                                                                                                          
01 Proposing an amendment to the Constitution of the State of Alaska relating to contracting                               
02 state debt for postsecondary student loans.                                                                             
03                                          _______________                                                                
04 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                             
05    * Section 1. Article IX, sec. 8, Constitution of the State of Alaska, is amended to read:                          
06           Section 8. State Debt. No state debt shall be contracted unless authorized by                               
07      law for capital improvements, unless authorized by law for postsecondary student                               
08      loans, or unless authorized by law for housing loans for veterans, and ratified by a                           
09      majority of the qualified voters of the State who vote on the question. The State may,                             
10      as provided by law and without ratification, contract debt for the purpose of repelling                            
11      invasion, suppressing insurrection, defending the State in war, meeting natural                                    
12      disasters, or redeeming indebtedness outstanding at the time this constitution becomes                             
13      effective.                                                                                                         
14    * Sec. 2. The amendment proposed by this resolution shall be placed before the voters of the                       
15 state at the next general election in conformity with art. XIII, sec. 1, Constitution of the State                      
16 of Alaska, and the election laws of the state.