04/28/1994 03:22 PM Senate L&C

 CHAIRMAN KELLY called the Labor and Commerce meeting to order at              
 3:22 p.m. and announced  SB 244  (PERMANENT FUND INVESTMENTS - LTD            
 PARTNERS) to be up for consideration.                                         
                                                                               
 SENATOR KELLY said the first amendment they had was on page 1, line           
 7 after "interest in a" insert "non-recourse" and after "ownership            
 in a" insert "non-recourse."                                                  
                                                                               
 CARL BRADY, Permanent Fund Corporation, said he had no objection to           
 that.                                                                         
                                                                               
 SENATOR KELLY said the second amendment was on page 2, line 3 after           
 "approved" to insert "at least."                                              
                                                                               
 MR. BRADY had no objection to that one either.                                
                                                                               
 SENATOR SHARP moved to adopt CSSB 244(L&C).  There were no                    
 objections and it was so ordered.                                             
                                                                               
 SENATOR SHARP moved to pass CSSB 244(L&C) from committee.  There              
 were no objections and it was so ordered.