1999-05-15                     Senate Journal                      Page 1484
HB 96                                                                        
The Finance Committee considered CS FOR SPONSOR                                
SUBSTITUTE FOR HOUSE BILL NO. 96(FIN) An Act relating to                       
deposits to the Alaska permanent fund from mineral lease rentals,              
royalties, royalty sale proceeds, net profit shares under AS                   
38.05.180(f) and (g), federal mineral revenue sharing payments                 
received  by  the state from mineral leases, and bonuses received by           
                                                                               

1999-05-15                     Senate Journal                      Page 1485
HB 96                                                                        
the state from mineral leases, and limiting deposits from those                
sources to the 25 percent required under art. IX, sec. 15, Constitution        
of the State of Alaska; and providing for an effective date and                
recommended it be replaced with                                                
                                                                               
SENATE CS FOR CS FOR SPONSOR                                                  
SUBSTITUTE FOR HOUSE BILL NO. 96(FIN)                                          
                                                                               
Signing do pass: Senator Torgerson, Cochair, Senator Adams. Signing            
no recommendation: Senator Parnell, Cochair, Senators Wilken,                  
Leman, Phillips.                                                               
                                                                               
Previous House Zero fiscal note.                                               
                                                                               
The bill was referred to the Rules Committee.