Legislature(1999 - 2000)
2000-04-24 Senate Journal
Full Journal pdf2000-04-24 Senate Journal Page 3446 SJR 34 Message dated April 21 was read, stating the House passed CS FOR SENATE JOINT RESOLUTION NO. 34(FIN) with the following amendment: Page 1, line 5: Delete "When" Insert "Except as provided in Section 15 of Article IX, when ¦WHENá" Page 1, line 8: Delete "State" Page 1, following line 13: Insert new resolution sections to read: "* Sec. 2. Article IX, sec. 15, Constitution of the State of Alaska, is amended to read: Section 15. Alaska Permanent Fund. (a) At least twenty-five percent of all mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue sharing payments and bonuses received by the State shall be placed in a permanent fund, the principal of which shall be used only for those income-producing investments specifically designated by law as eligible for permanent fund investments. All income from the permanent fund shall be deposited in the general fund unless otherwise provided by law. * Sec. 3. Article IX, sec. 15, Constitution of the State of Alaska, is amended by adding a new subsection to read: (b) The permanent fund shall be managed by a public corporation established by law. A member of the board of the corporation who is not the head of a principal department is not subject to confirmation by the legislature, but, during the members term of office, the member may only be removed for cause as defined by law." Renumber the following resolution section accordingly. 2000-04-24 Senate Journal Page 3447 SJR 34 Page 1, line 14: Delete "amendment" Insert "amendments" Page 1, lines 4 - 13: Delete all material and insert: "* Section 1. Article IX, sec. 15, Constitution of the State of Alaska, is amended to read: Section 15. Alaska Permanent Fund. (a) At least twenty-five percent of all mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue sharing payments and bonuses received by the State shall be placed in a permanent fund, the principal of which shall be used only for those income-producing investments specifically designated by law as eligible for permanent fund investments. All income from the permanent fund shall be deposited in the general fund unless otherwise provided by law. * Sec. 2. Article IX, sec. 15, Constitution of the State of Alaska, is amended by adding a new subsection to read: (b) The permanent fund shall be managed by a public corporation established by law. A member of the board of the corporation who is not the head of a principal department may only be removed during the member's term of office for cause as defined by law." Renumber the following resolution section accordingly. and so, CS FOR SENATE JOINT RESOLUTION NO. 34(FIN) am H Proposing an amendment to the Constitution of the State of Alaska relating to public corporations, is returned for consideration. Senator Mackie moved that the Senate concur in the House amendment and recommended the body vote no. The question being: Shall the Senate concur in the House amendment? The roll was taken with the following result: 2000-04-24 Senate Journal Page 3448 SJR 34 CSSJR 34(FIN) am H Shall the Senate concur in the House amendment to CSSJR 34(FIN)? YEAS: 0 NAYS: 20 EXCUSED: 0 ABSENT: 0 Nays: Adams, Donley, Ellis, Elton, Green, Halford, Hoffman, Kelly Pete, Kelly Tim, Leman, Lincoln, Mackie, Miller, Parnell, Pearce, Phillips, Taylor, Torgerson, Ward, Wilken and so, the Senate failed to concur. The Secretary was requested to notify the House of the Senates action and request the House to recede from its amendment. In the event the House fails to recede, the President appointed a Conference Committee to meet with a like committee from the House to consider the bills: Senator Halford, Chair Senator Miller Senator Adams