04/28/1997 01:52 PM House JUD

 HJR 25 - CONST. AM: PERM. FUND INCOME & DIVIDEND                              
                                                                               
 Number 0052                                                                   
                                                                               
 CHAIRMAN GREEN brought before the committee House Joint Resolution            
 No. 25, proposing amendments to the Constitution of the State of              
 Alaska to guarantee the permanent fund dividend, to provide for               
 inflation-proofing, and to require a vote of the people before                
 spending undistributed income from the earnings reserve of the                
 permanent fund; and relating to the permanent fund.                           
                                                                               
 CHAIRMAN GREEN noted that an executive session had been held that             
 morning regarding possible tax consequences of HJR 25.                        
                                                                               
 Number 0072                                                                   
                                                                               
 REPRESENTATIVE CON BUNDE stated that there were a number of                   
 questions yet to be answered.  He made a motion to table HJR 25.              
                                                                               
 CHAIRMAN GREEN asked whether there was any objection.  There being            
 none, HJR 25 was tabled.