2003-05-11                     Senate Journal                      Page 1321
HB 11                                                                                             
HOUSE BILL NO. 11 "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; and providing for                            
an effective date" was read the second time.                                                        
                                                                                                    
Senator Ben Stevens moved and asked unanimous consent that the bill                                 
be advanced to third reading and placed on final passage. Senator Ellis                             
objected.                                                                                           
                                                                                                    
President Therriault stated HOUSE BILL NO. 11 will be on the May                                    
12 calendar.