SJR 34-CONST AM: PERM FUND CORP BD/ PUB CORP BD.                                                                   
                                                                                                                                
CHAIRMAN RICK  HALFORD called the Conference Committee  on SJR 34 to                                                            
order at 1:10  p.m.  Present were  Senators Miller and Halford,  and                                                            
Representatives James, Kott and Smalley.                                                                                        
                                                                                                                                
CHAIRMAN  HALFORD announced  that  a proposed  conference  committee                                                            
substitute for  SJR 34 was prepared.  That version  incorporates the                                                            
House language  with Representative Halcro's amendment  as it passed                                                            
prior to reconsideration  on the House floor.  The Senate's position                                                            
was to include  all public corporations  while the House's  position                                                            
was to include  all public corporations except the  Alaska Permanent                                                            
Fund Corporation.                                                                                                               
                                                                                                                                
REPRESENTATIVE  JAMES asked  why the  word "state,"  in relation  to                                                            
managing  assets, was  removed in  the Halcro amendment  on page  1,                                                            
line 8.                                                                                                                         
                                                                                                                                
MS. JULI  LUCKY, staff  to Chairman  Halford,  explained that  Terri                                                            
Lauterbach, the legislative  drafter, said that the Attorney General                                                            
believes that  public corporations  have public corporation  assets,                                                            
not state assets.  Ms.  Lauterbach disagrees and believes the assets                                                            
should still be considered  state assets if they are owned by public                                                            
corporations.                                                                                                                   
                                                                                                                                
SENATOR MILLER  moved to request of  the presiding officers  limited                                                            
powers of  free conference.   There being  no objection, the  motion                                                            
carried.                                                                                                                        
                                                                                                                                
SENATOR MILLER  moved to adopt the  conference committee  substitute                                                            
for SJR 34.                                                                                                                     
                                                                                                                                
CO-CHAIRMAN  HALFORD announced  that there  being no objection,  the                                                            
conference committee  substitute for SJR 34 (labeled  1LS1373/I) had                                                            
been adopted and reported out of committee.                                                                                     
                                                                                                                                
REPRESENTATIVE  SMALLEY  asked  about the  procedure  for  notifying                                                            
legislators  of the  contents  of the  conference  committee  report                                                            
before it is voted on.                                                                                                          
                                                                                                                                
CO-CHAIRMAN  HALFORD   said  he  would  ask  staff  to  prepare  and                                                            
distribute  a statement  informing legislators  that the  Conference                                                            
Committee  adopted  the  House version  with  the  Halcro  amendment                                                            
adopted prior  to reconsideration.  There being no  further business                                                            
to  come  before  the  committee,  CHAIRMAN  HALFORD  adjourned  the                                                            
meeting at 1:12 p.m.