04/25/1994 03:30 PM House FIN

  HJR 65    Proposing  amendments to  the Constitution  of the                 
            State of  Alaska relating  to  the budget  reserve                 
            fund.                                                              
                                                                               
            HJR 65 was  reported out of  Committee with a  "do                 
  pass"          recommendation and with a zero fiscal note by                 
                 the Office of the Governor.                                   
  HOUSE JOINT RESOLUTION 65                                                    
                                                                               
       Proposing  amendments to the  Constitution of the State                 
       of Alaska relating to the budget reserve fund.                          
                                                                               
  Co-Chair  MacLean MOVED to  report HJR  65 out  of Committee                 
  with individual  recommendations and  with the  accompanying                 
  fiscal    note.        Representative    Martin    OBJECTED.                 
  Representative Therriault advised that the recent court case                 
  have showed that certain  portions of what is  available for                 
  appropriation is not clear.                                                  
                                                                               
  Representative Martin thought that the legislation would tie                 
  the Legislature's hand and force other options for using the                 
  permanent fund dividend  earnings first.   He stressed  that                 
  Section 17 was not supported by State citizens.                              
                                                                               
  Representative  Navarre noted  that  the  Committee had  not                 
  given  the  amendment  enough  scrutiny.    Co-Chair  Larson                 
  replied that there  were three  provisions addressed by  the                 
  legislation:                                                                 
                                                                               
            1.   What  is  available  for  appropriations  and                 
                 under  what conditions there  would be  a 2/3                 
                 vote or a 3/4 vote required;                                  
            2.   The 3/4 vote requirement; and                                 
            3.   The  payback simplified  by  a  3/4 vote  and                 
                 elimination of those complications.                           
                                                                               
  (Tape Change, HFC 94-142, Side 1).                                           
                                                                               
  A roll call  vote was taken on  the MOTION to move  the bill                 
  from Committee.                                                              
                                                                               
       IN FAVOR:      Brown,  Grussendorf,   Hanley,  Parnell,                 
                      Larson, MacLean.                                         
       OPPOSED:       Hoffman, Martin, Navarre, Therriault.                    
                                                                               
  Representative Foster was not present for the vote.                          
                                                                               
  The MOTION PASSED (6-4).                                                     
                                                                               
  HJR   65  was   reported  out  of   Committee  with   a  "no                 
  recommendation" and with a fiscal note  by the Office of the                 
  Governor.