05/01/1998 02:25 PM House FIN

HOUSE BILL NO. 81                                                              
                                                                               
"An Act relating to the members of the board and staff                         
of the Alaska Permanent Fund Corporation."                                     
                                                                               
Co-Chair Therriault noted that the Committee had take                          
previous action on HB 81.                                                      
                                                                               
Representative Davies MOVED to ADOPT Amendment 4 (copy on                      
file).   He observed that the amendment would replace                          
section 4 with:  "A removal by the governor must be in                         
writing and must state the reason for the removal.   The                       
removal should not be based on the general decision to have                    
the governor's own appointed member on the board.  The                         
governor may not request a member of the board to submit a                     
resignation."                                                                  
                                                                               
Representative Grussendorf noted that an individual may wish                   
to resign as opposed to receiving public humiliation.                          
                                                                               
Co-Chair Therriault expressed concern that a governor could                    
ask for a resignation without cause.                                           
                                                                               
Representative G. Davis MOVED to delete "should" and add                       
"may".  There being NO OBJECTION, it was so ordered.                           
                                                                               
Representative Kelly questioned if "the governor may not                       
request a member of the board to submit a resignation"                         
should also be deleted.                                                        
                                                                               
PATRICK LOUNSBURY, STAFF, REPRESENTATIVE JAMES spoke in                        
opposition to the amendment.  He maintained that the                           
language is still loose.                                                       
                                                                               
Representative Martin spoke against the amendment.                             
                                                                               
Representative Mulder spoke in support of the amendment.                       
                                                                               
Representative Grussendorf MOVED to amend the amendment by                     
deleting:  "The governor may not request a member of the                       
board to submit a resignation."  There being NO OBJECTION,                     
it was so ordered.                                                             
                                                                               
A roll call vote was taken on the motion.                                      
                                                                               
IN FAVOR: Kelly, Kohring, Mulder, Davies, Davis, Grussendorf                   
OPPOSED: Martin, Moses, Therriault                                             
                                                                               
Co-Chair Hanley and Representative Foster were absent for                      
the vote.                                                                      
                                                                               
The MOTION PASSED (6-3).                                                       
                                                                               
Representative Mulder noted that the fiscal note would no                      
longer pertain to the legislation.  He MOVED to report CSHB
 (FIN) out of Committee with a new zero fiscal note.  Mr.                    
Lounsbury agreed that the fiscal note would be zero.  There                    
being NO OBJECTION, it was so ordered.                                         
                                                                               
Mr. Lounsbury stated that everyone supports the legislation                    
with the exception of the current Administration.                              
                                                                               
CSHB 81 (FIN) was REPORTED out of Committee with "no                           
recommendation" and with a zero fiscal note by the House                       
Finance Committee for the Alaska Permanent Fund Corporation                    
and zero fiscal note by the Office of the Governor, 2/12/98.