2001-04-28                     House Journal                      Page 1339
Representative Bunde moved and asked unanimous consent that                                         
Amendment No. 2 be adopted.                                                                         
                                                                                                    
Objection was heard and withdrawn.  There being no further objection,                               
Amendment No. 2 was adopted and the new title appears below:                                        
                                                                                                    
    CS FOR HOUSE BILL NO. 234(FIN) am                                                               
    "An Act relating to subsidiaries of the Alaska Housing Finance                                  
    Corporation; relating to the tobacco use education and cessation                                
    account and to tobacco use education and cessation programs;                                    
    relating to funding the tobacco use education and cessation                                     
    account; relating to financing of construction and major                                        
    maintenance of public school facilities, facilities for the University                          
    of Alaska, and facilities for ports and harbors; authorizing the                                
    commissioner of revenue to sell the right to receive a portion of                               
    the anticipated revenue from a tobacco litigation settlement to the                             
    Northern Tobacco Securitization Corporation; relating to the                                    
    deposit of certain anticipated revenue from a tobacco litigation                                
    settlement; authorizing the issuance of bonds by the Northern                                   
    Tobacco Securitization Corporation with proceeds to finance                                     
    public school construction and major maintenance, facilities for                                
    the University of Alaska, and facilities for ports and harbors; and                             
    providing for an effective date."                                                               
                                                                                                    
Amendment No. 3 was offered  by Representative Davies:                                               
                                                                                                    
Page 7, following line 10:                                                                          
 Insert a new bill section to read:                                                                 
                                                                                                    
   "*Sec. 9.  AS 37.05.580 enacted in sec. 3 of this Act is repealed on                           
the date that the Alaska Supreme Court decides that the sale or transfer                            
of a part of the annual revenue derived from the settlement of State of                             
Alaska v. Philip Morris, Incorporated, et al, No. 1JU-97-915 CI                                     
(Alaska Super. 1997) authorized in sec. 9, ch. 130 SLA 2000 is                                      
invalid."                                                                                           
                                                                                                    
Renumber the following bill section accordingly.                                                    
                                                                                                    
Representative Davies moved and asked unanimous consent that                                        
Amendment No. 3 be adopted.