HOUSE BILL NO. 298                                                                                                            
                                                                                                                                
     An Act  relating to  the distribution of  appropriations                                                                   
     from  the  Alaska permanent  fund  under  art. IX,  sec.                                                                   
     15(b), Constitution  of the State of Alaska,  and making                                                                   
     conforming  amendments; and  providing for an  effective                                                                   
     date.                                                                                                                      
                                                                                                                                
Representative   Hawker  explained  that   HB  298   was  the                                                                   
companion legislation to HJR 26.   He requested that the bill                                                                   
be  HELD in  Committee until  the final  form of  HJR 26  was                                                                   
determined.                                                                                                                     
                                                                                                                                
Co-Chair  Williams  stated  that  HJR  26 would  be  HELD  in                                                                   
Committee for further consideration.