1996-10-21                     House Journal                      Page 4737
                                  ENROLLMENT                                 
                                                                               
HB 22                                                                        
The following was enrolled, signed by the Speaker and Chief Clerk,             
President and Secretary of the Senate, and the engrossed and enrolled          
copies were transmitted to the Office of the Governor at 4:50 p.m.,            
May 22, 1996:                                                                  
                                                                               
CS FOR HOUSE BILL NO. 22(FIN)                                                 
An Act relating to long-term plans of certain state agencies and              
recommendations regarding elimination of duplication in state                  
agency functions.                                                              
                                                                               
                                                                               
                          MESSAGES FROM THE GOVERNOR                         
                                                                               
HB 459                                                                       
The following letter, dated May 23, 1996, was received:                        
                                                                               
Dear Speaker Phillips:                                                         
                                                                               
Under the authority of art. II, sec. 15 of the Alaska Constitution, I have     
vetoed the following bill:                                                     
                                                                               
CS FOR HOUSE BILL NO. 459(JUD) am                                             
An Act relating to the jurisdiction governing a trust, to challenges          
to trusts or property transfers in trust, to the validity of trust             
interests, and to transfers of certain trust interests.                        
                                                                               
While this Administration applauds innovation and imaginative efforts          
to attract business opportunities, I am concerned that the potential           
benefits of this bill are outweighed by its inadvertent consequences to        
the people of Alaska.  Therefore, I find it necessary to veto this bill.       
                                                                               
This legislation would make a dramatic change in our trust laws and            
policy.  In fact, these changes to Alaska law would make this the only         
state to espouse such public policy.  The bill raises many questions and       
concerns which  require a level of consideration and analysis that,            
frankly, was not received with just one hearing before each body of the        
Legislature.