Constitutional amendments clear committee

Posted: Sunday, May 04, 2003

JUNEAU (AP) Two constitutional amendments that would affect state budgets in years to come passed the House Ways and Means Committee on Friday.

House Joint Resolution 9 would prevent state spending from growing more than 2 percent a year without a three-quarters vote of the Legislature. The measure now goes to the House State Affairs Committee.

House Joint Resolution 25 calls for an annual payout of 5 percent of the Alaska Permanent Fund's market value. The Legislature could spend that money for dividends, state government or a combination of the two.

That resolution now goes to the House Judiciary Committee.

Both measures are a long way from becoming law. Constitutional amendments must pass both houses by a two-thirds vote.

If they pass, voters would have the final say at the general election in November 2004.

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