Legislature(2019 - 2020)
2020-05-20 Senate Journal
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Full Journal pdf2020-05-20 Senate Journal Page 2395 YEAS: 1 NAYS: 19 EXCUSED: 0 ABSENT: 0 Yeas: Reinbold Nays: Begich, Bishop, Coghill, Costello, Giessel, Gray-Jackson, Hoffman, Hughes, Kawasaki, Kiehl, Micciche, Olson, Revak, Shower, Stedman, Stevens, von Imhof, Wielechowski, Wilson and so, Amendment No. 2 failed. Senator Reinbold offered Amendment No. 3 : Page 1, line 1, following "Act": Insert "making a special appropriation from the earnings reserve account;" Page 3, following line 30: Insert new bill sections to read: "* Sec. 4. ALASKA PERMANENT FUND. The amount authorized for transfer under AS 37.13.145(b) for transfer by the Alaska Permanent Fund Corporation on June 30, 2020, less the amount appropriated in sec. 23(d), ch. 8, SLA 2020, estimated to be $1,325,100,000, 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, 2021. * Sec. 5. LAPSE. The appropriation made in sec. 4 of this Act is for the capitalization of a fund and does not lapse." Renumber the following bill sections accordingly. Page 3, line 31: Delete "This Act is" Insert "Sections 1 - 3 of this Act are" Senator Reinbold moved for the adoption of Amendment No. 3. President Giessel ruled Amendment No. 3 out of order citing Article II, Section 13 of the Alaska Constitution. Senator Reinbold appealed the ruling of the chair. Senator Coghill rose to a point of order. President Giessel cautioned the member to proceed in order.