2003-05-08                     House Journal                      Page 1448
HJR 26                                                                                            
The Judiciary Committee has considered:                                                             
                                                                                                    
    HOUSE JOINT RESOLUTION NO. 26                                                                   
    Proposing amendments to the Constitution of the State of Alaska                                 
    relating to and limiting appropriations from and inflation-proofing                             
    the Alaska permanent fund by establishing a percent of market                                   
    value spending limit.                                                                           
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
    CS FOR HOUSE JOINT RESOLUTION NO. 26(JUD)                                                       
    Proposing amendments to the Constitution of the State of Alaska                                 
    relating to and limiting appropriations from the Alaska permanent                               

2003-05-08                     House Journal                      Page 1449
    fund based on an averaged percent of the fund market value to                                   
    protect the fund from inflation and assure that the real value of the                           
    fund will be preserved over the long term.                                                      
                                                                                                    
The report was signed by Representative McGuire, Chair, with the                                    
following individual recommendations:                                                               
                                                                                                    
Do pass (3):  Ogg, Samuels, McGuire                                                                 
                                                                                                    
No recommendation (3):  Gruenberg, Gara, Holm                                                       
                                                                                                    
The following fiscal note(s) apply to CSHJR 26(JUD):                                                
                                                                                                    
1.  Fiscal, Office of the Governor                                                                  
2.  Zero, Dept. of Revenue                                                                          
                                                                                                    
HJR 26 was referred to the Finance Committee.