1999-05-18                     Senate Journal                      Page 1652
HB 231                                                                       
CS FOR HOUSE BILL NO. 231(FIN) am 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             
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; relating to income of the Alaska permanent             
fund, to the Alaska Income Account, and to permanent fund                      
dividends; authorizing an advisory vote on a long term financial plan          
for the state; and providing for an effective date was read the                
second time.                                                                   
                                                                               
Senator Torgerson, Cochair, moved and asked unanimous consent for              
the adoption of the Finance Senate Committee Substitute offered on             
page 1605. Senator Halford objected, then withdrew his objection.              
There being no further objections, SENATE CS FOR CS FOR                        
HOUSE BILL NO. 231(FIN) was adopted and read the second time.                  
                                                                               
The bill will be appear on the May 19 calendar.