2000-05-02                     House Journal                      Page 3720
SB 312                                                                       
The following was read the second time:                                        
                                                                               
SENATE BILL NO. 312 am                                                        
"An Act relating to the special subaccount in the budget reserve              
fund; and providing for an effective date."                                    
                                                                               
with the:                                                 Journal Page         
                                                                               
	FIN RPT HCS(FIN)  9DP 2NR                                        3706         
                                                                               
**The presence of Representative Berkowitz was noted.                          

2000-05-02                     House Journal                      Page 3721
SB 312                                                                       
Representative Green moved and asked unanimous consent that the                
following committee substitute be adopted in lieu of the original bill:        
                                                                               
HOUSE CS FOR SENATE BILL NO. 312(FIN)                                         
	(same title)                                                                  
                                                                               
There being no objection, it was so ordered.                                   
                                                                               
                                                                               
Amendment No. 1 was offered  by Representative Davies:                          
                                                                               
Page 1, line 8, following "fund.":                                             
	Insert "In establishing or modifying the investment policy for the            
subaccount in the constitutional budget reserve fund, the commissioner         
of revenue shall assume that those funds will not be needed for at least       
five years."                                                                   
                                                                               
Representative Davies moved and asked unanimous consent that                   
Amendment No. 1 be adopted.                                                    
                                                                               
Representative Ogan objected and withdrew the objection.  There being          
no further objection, Amendment No. 1 was adopted.                             
                                                                               
                                                                               
Representative Green moved and asked unanimous consent that HCS                
SB 312(FIN) am H be considered engrossed, advanced to third reading            
and placed on final passage.  There being no objection, it was so              
ordered.                                                                       
                                                                               
HCS SB 312(FIN) am H was read the third time.                                  
                                                                               
The question being:  "Shall HCS SB 312(FIN) am H pass the House?"              
The roll was taken with the following result:                                  
                                                                               
HCS SB 312(FIN) am H                                                           
Third Reading                                                                  
Final Passage                                                                  
                                                                               
                                                                               
YEAS:  39   NAYS:  0   EXCUSED:  0   ABSENT:  1                              
                                                                               

2000-05-02                     House Journal                      Page 3722
SB 312                                                                       
Yeas:  Austerman, Barnes, Brice, Bunde, Cissna, Coghill, Cowdery,              
Croft, Davies, Davis, Dyson, Foster, Green, Grussendorf, Halcro,               
Harris, Hudson, James, Joule, Kapsner, Kemplen, Kerttula, Kohring,             
Kookesh, Kott, Masek, Morgan, Moses, Mulder, Murkowski, Ogan,                  
Phillips, Porter, Rokeberg, Sanders, Smalley, Therriault, Whitaker,            
Williams                                                                       
                                                                               
Absent:  Berkowitz                                                             
                                                                               
And so, HCS SB 312(FIN) am H passed the House                                  
                                                                               
Representative Green moved and asked unanimous consent that the roll           
call on the passage of the bill be considered the roll call on the             
effective date clause.  There being no objection, it was so ordered.           
                                                                               
HCS SB 312(FIN) am H was referred to the Chief Clerk for                       
engrossment.