Legislature(2019 - 2020)

2019-07-25 House Journal

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2019-07-25                     House Journal                      Page 1320
HB 2003                                                                                                                       
The Finance Committee considered:                                                                                               
                                                                                                                                
    HOUSE BILL NO. 2003                                                                                                         
    "An Act making special appropriations for the payment of                                                                    
     permanent fund dividends; and providing for an effective date."                                                           
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 2003(FIN)                                                                                             
    (same title)                                                                                                                
                                                                                                                                
The report was signed by Representatives Johnston and Foster, Co-                                                               
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (7):  Ortiz, LeBon, Knopp, Josephson, Wool, Johnston, Foster                                                            
                                                                                                                                
Do not pass (1):  Sullivan-Leonard                                                                                              
                                                                                                                                
Amend (1):  Tilton                                                                                                              
                                                                                                                                
HB 2003 is on today's calendar.                                                                                                 
HB 2003                                                                                                                       
The following was read the second time:                                                                                         

2019-07-25                     House Journal                      Page 1321
    HOUSE BILL NO. 2003                                                                                                         
    "An Act making special appropriations for the payment of                                                                    
     permanent fund dividends; and providing for an effective date."                                                           
                                                                                                                                
with the:                                                   Journal Page                                                        
                                                                                                                                
 FIN RPT CS(FIN) 7DP 1DNP 1AM                                       1320                                                        
                                                                                                                                
Representative Thompson moved and asked unanimous consent that                                                                  
the following committee substitute be adopted in lieu of the original                                                           
bill:                                                                                                                           
                                                                                                                                
    CS FOR HOUSE BILL NO. 2003(FIN)                                                                                             
    (same title)                                                                                                                
                                                                                                                                
Objection was heard and withdrawn.  There being no further objection,                                                           
it was so ordered.                                                                                                              
                                                                                                                                
Amendment No. 1 was offered  by Representative Eastman:                                                                          
                                                                                                                                
Page 1, lines 4 - 10:                                                                                                           
    Delete all material and insert:                                                                                             
"* Section 1. ALASKA PERMANENT FUND. The amount                                                                               
authorized under AS 37.13.145(b) for transfer by the Alaska                                                                     
Permanent Fund Corporation on June 30, 2019, estimated to be                                                                    
$1,944,000,000, is appropriated from the earnings reserve account                                                               
(AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the                                                                   
payment of permanent fund dividends and for administrative and                                                                  
associated costs for the fiscal year ending June 30, 2020."                                                                     
                                                                                                                                
Representative Eastman moved and asked unanimous consent that                                                                   
Amendment No. 1 be adopted.                                                                                                     
                                                                                                                                
Representative Wool objected.                                                                                                   
                                                                                                                                
The question being:  "Shall Amendment No. 1 be adopted?"  The roll                                                              
was taken with the following result:                                                                                            
                                                                                                                                
                                                                                                                                
                                                                                                                                

2019-07-25                     House Journal                      Page 1322
CSHB 2003(FIN)                                                                                                                  
Second Reading                                                                                                                  
Amendment No. 1                                                                                                                 
                                                                                                                                
YEAS:  10   NAYS:  20   EXCUSED:  10   ABSENT:  0                                                                             
                                                                                                                                
Yeas:  Eastman, Johnson, LeDoux, Pruitt, Revak, Shaw,                                                                           
Sullivan-Leonard, Tilton, Vance, Wilson                                                                                         
                                                                                                                                
Nays:  Drummond, Edgmon, Fields, Foster, Hannan, Hopkins,                                                                       
Johnston, Josephson, Knopp, Kopp, LeBon, Lincoln, Ortiz,                                                                        
Spohnholz, Story, Stutes, Tarr, Thompson, Wool, Zulkosky                                                                        
                                                                                                                                
Excused:  Carpenter, Claman, Jackson, Kreiss-Tomkins, Merrick,                                                                  
Neuman, Rasmussen, Rauscher, Talerico, Tuck                                                                                     
                                                                                                                                
And so, Amendment No. 1 was not adopted.                                                                                        
                                                                                                                                
Representative Thompson moved and asked unanimous consent that                                                                  
CSHB 2003(FIN) be considered engrossed, advanced to third reading,                                                              
and placed on final passage.                                                                                                    
                                                                                                                                
There was objection.                                                                                                            
                                                                                                                                
CSHB 2003(FIN) will advance to third reading on tomorrow's                                                                      
calendar.