Legislature(2019 - 2020)ADAMS ROOM 519

05/23/2019 09:00 AM FINANCE

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Audio Topic
09:00:25 AM Start
09:01:20 AM HB1005
07:30:24 PM Adjourn
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
-- Recessed to 5:00 pm Today --
+= HB1001 APPROP: 2020 EDUCATION FUNDING/REPEAL TELECONFERENCED
<Bill Hearing Canceled>
*+ HB1005 APPROP: PERMANENT FUND DIVIDEND; CBR TELECONFERENCED
Heard & Held
-- Public Testimony <Time Limit 2 min. each> --
- Please call or sign-in at your LIO by 6:00 pm -
+= SB 19 APPROP: CAPITAL BUDGET; SUPPLEMENTAL TELECONFERENCED
Scheduled but Not Heard
                  HOUSE FINANCE COMMITTEE                                                                                       
                   FIRST SPECIAL SESSION                                                                                        
                       May 23, 2019                                                                                             
                         9:00 a.m.                                                                                              
                                                                                                                                
9:00:25 AM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair Wilson  called the House Finance  Committee meeting                                                                    
to order at 9:00 a.m.                                                                                                           
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Representative Neal Foster, Co-Chair                                                                                            
Representative Tammie Wilson, Co-Chair                                                                                          
Representative Jennifer Johnston, Vice-Chair                                                                                    
Representative Dan Ortiz, Vice-Chair                                                                                            
Representative Andy Josephson                                                                                                   
Representative Gary Knopp                                                                                                       
Representative Bart LeBon                                                                                                       
Representative Ben Carpenter (via teleconference)                                                                               
Representative Kelly Merrick (via teleconference)                                                                               
Representative Colleen Sullivan-Leonard                                                                                         
Representative Cathy Tilton                                                                                                     
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
Alexei Painter,  Analyst, Legislative Finance  Division; Joe                                                                    
Geldhof,  AK  Permanent  Fund Defenders,  Juneau;  Vikki  Jo                                                                    
Kennedy, Self,  Juneau; Representative Sarah  Vance; Senator                                                                    
Mia  Costello;   Representative  Adam  Wool;   Senator  Bert                                                                    
Stedman;  Representative  Chuck Kopp;  Representative  David                                                                    
Eastman;                                                                                                                        
                                                                                                                                
PRESENT VIA TELECONFERENCE                                                                                                    
                                                                                                                                
Melody  McCullough,  Self,  Wasilla;  Robbi  Douglas,  Self,                                                                    
North  Pole;  Chris  Eichenlaub, Self,  Eagle  River;  Linda                                                                    
Timothy  Wood,  Self,  Palmer; James  Squyres,  Self,  Rural                                                                    
Deltana; Ed Martin Jr., Self,  Cooper Landing; Dave Maxwell,                                                                    
Self, Palmer; Bert Houghtaling,  Self, Big Lake; Mike Coons,                                                                    
President,  Greater   Alaskan  AMAC  Action,   Palmer;  Mike                                                                    
Alexander,  Self, Big  Lake;  Kim  Nelson, Self,  Fairbanks;                                                                    
Bernard  Campbell,  Self,   Wasilla;  Bonnie  Thumma,  Self,                                                                    
Fairbanks; Paula  Gallagher, Self, Homer; Adam  Hykes, Self,                                                                    
Homer;  Roxanne  Lester,  Self,  Fairbanks;  Randy  Griffin,                                                                    
Self,  Fairbanks;   James  Walsh,  Self,   Kasilof;  Deborah                                                                    
Holland,  Self,   Anchorage;  David  Hurn,   Self,  Wasilla;                                                                    
Pattrice  Illguth, Self,  North Pole;  Gary McDonald,  Self,                                                                    
Anchorage;  Ronald Seaman,  Self,  Kodiak; Thomas  Griffith,                                                                    
Self,  Salcha;  Gail  Limbaugh Moore,  Self,  Soldotna;  Ben                                                                    
Britten, Self,  Fairbanks; Tanya  Kitka, Self,  Kodiak; Paul                                                                    
Rugloski, Self,  Homer; Stephen Duplantis,  Self, Anchorage;                                                                    
William  Topel,   Self,  Anchorage;  Teresa   Storch,  Self,                                                                    
Kodiak;  Abby St.  Clair, Self,  Wasilla; Jennie  Katchatag,                                                                    
Self,  Unalakeet;   Diane  Macrae,  Self,   Anchorage;  Anna                                                                    
Walters,  Self,  Anchorage;  Garet Abbot,  Self,  Ketchikan;                                                                    
Amonte  Wallace,  Self,  Anchorage; Frances  Bennett,  Self,                                                                    
Anchorage; Lorraine Ergnaty,  Self, Wasilla; Gordon Johnson,                                                                    
Self, Juneau; Maynard Willburn,  Self, Craig; Sally Johnson,                                                                    
Self,   Palmer;   Timothy   Ingraham,  Self,   North   Pole;                                                                    
Antoinette Bradley,  Self, Wasilla; Daryl  Schierholt, Self,                                                                    
Wasilla;  Lloyd Dan  Hollingsworth, Self,  Anchorage; Edward                                                                    
Bias,  Self,  Palmer;  Kelley Cizek,  Self,  Soldotna;  Greg                                                                    
Collins,  Self,   Homer;  James  Gentry,   Self,  Anchorage;                                                                    
Coliwitichec Gentry, Self,  Anchorage; Kimberly Clark-Thiry,                                                                    
Self, Anchor  Point; Corbin Arno, Self,  Homer; Lynn Lowrey,                                                                    
Self,   Wasilla;  Bill   Iverson,  Self,   Soldotna;  Vivian                                                                    
Swanson, Self, Soldotna; William  Brown, Self, Wasilla; Faye                                                                    
Sarren,  Self,  Anchorage;  Michael  Dukes,  Self,  Wasilla;                                                                    
Debra Kuse,  Self, Wasilla; Dean Camery,  Self, Eagle River;                                                                    
Barbara  Baughn-Bookey, Self,  Kenai; Sharon  Gherman, Self,                                                                    
Soldotna; Bill  Price, Self,  Wasilla; Clem  Tillion, Chair,                                                                    
PFD  Defenders, Halibut  Cove;  Joseph  Ward, Self,  Palmer;                                                                    
David  Witt,  Self,   Palmer;  Morma  Harrison-Davis,  Self,                                                                    
Palmer; George  Pierce, Self,  Kasilof; Raymond  Hill, Self,                                                                    
Anchorage; Nancy  Hill, Self, Anchorage; Lynda  Myers, Self,                                                                    
Anchorage;  Dr.   Diana  Chadwell,  Self,   Delta  Junction;                                                                    
Patrick  Schlicting, Self,  Delta Junction;  Garvan Bucaria,                                                                    
Self, Wasilla;  William Kenyon,  Self, Cordova;  Liz Senear,                                                                    
Self, Cordova;  Herman Morgan, Self, Aniak;  Elizabeth Holm,                                                                    
Self,  North   Pole;  Kim   Short,  Self,   Houston;  Leslie                                                                    
Hvamstad,  Self,  Houston;  Williams  Lambert,  Self,  North                                                                    
Pole;  Carolyn  Porter,  Self,  Palmer;  Christine  Robbins,                                                                    
Self,  Fairbanks; Mike  Prax, Self,  Fairbanks; Sally  Foly,                                                                    
Self, Anchorage;  Kathy Miller, Self, Kenai;  Adam Cardwell,                                                                    
Self, Willow; Chuck Derrick,  Self, Fairbanks; John Rathbun,                                                                    
Self,  Fairbanks;  Mark  A.  Ames,  Self,  Fairbanks;  Dixie                                                                    
Banner,  Self, Wasilla;  Valerie Nabinger,  Self, Anchorage;                                                                    
Tina  Minster, Self,  Sterling; Robert  Heatherington, Self,                                                                    
Fairbanks;  Eric Knowlton,  Self,  Wasilla; Monique  Duncan,                                                                    
Self,  North  Pole;  Ervin  Malcuit,  Self,  Wasilla;  Marcy                                                                    
Sowers,  Self,   Wasilla;  Emily  Florian,   Self,  Wasilla;                                                                    
Charles Lester, Self, Delta  Junction; Patrick Martin, Self,                                                                    
Wasilla;  Lorna McAninch,  Self,  Anchorage; Sandra  Delong,                                                                    
Self, Juneau;  Anthony Baiocchi, Self, Wasilla;  Marie Culp-                                                                    
Washburn,  Self, Kenai;  Troy Scott,  Self, Anchorage;  Jeff                                                                    
Nelson, Self,  Wasilla; Bruce  Williams, Self,  Wasilla; Ken                                                                    
Brown, Self, Soldotna; Steward  Spence, Self, Homer; Kristen                                                                    
Bush, Self, Eagle River;  Christopher Nugent, Self, Wasilla;                                                                    
Mark  Prentice,  Self,  Kenai;  Rob  Kinney,  Self,  Willow;                                                                    
Timothy  Mayberry,  Self,  North Pole;  Sarah  Ann  Jackson,                                                                    
Self, Juneau; Walter Rose, Self,  Nome; John Lisenbee, Self,                                                                    
Anchorage; Gerry  Balluta, Self, Ketchikan;  Stephanie Clay,                                                                    
Self, Anchorage; David Hurn,  Self,      Wasilla;     Rachel                                                                    
Colvard,  Self, Anchorage;  Jeb Stuart,  Self, Wasilla;  Roy                                                                    
Sumner, Self, Wasilla; Bob Barndt,  Self, Eagle River; Allen                                                                    
Cruce,  Self,  Palmer;  Barbara  McMahan,  Self,  Fairbanks;                                                                    
Jonathan  Lovejoy, Self,  North  Pole;  Pierre Aiman,  Self,                                                                    
Chugiak; Jeanne Sullivan, Self,  Wasilla; Lila Jensen, Self,                                                                    
Anchorage;  James  Macrae,  Self, Kasilof;  Aaron  Benjamin,                                                                    
Self,  Talkeetna; Jeannie  Pierce,  Self, Wasilla;  Durainey                                                                    
Rawls,  Self,  Nikiski;  Dale Austermuhl,  Self,  Fairbanks;                                                                    
Crystal  McKenzie, Self,  Anchorage; Elizabeth  Sweet, Self,                                                                    
North Pole; Ken Seagle,  Self, Anchorage; Laura White, Self,                                                                    
North  Pole; Kevin  Macan,  Self,  Juneau; Robbie  Campbell,                                                                    
Self, Kenai; David Mignon, Self, Anchorage.                                                                                     
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
HB 1005   APPROP: PERMANENT FUND DIVIDEND; CBR                                                                                  
                                                                                                                                
          HB 1005 was HEARD and HELD in committee for                                                                           
          further consideration.                                                                                                
                                                                                                                                
HOUSE BILL NO. 1005                                                                                                           
                                                                                                                                
     "An Act  making special appropriations for  the payment                                                                    
     of  permanent  fund  dividends;  making  appropriations                                                                    
     under art.  IX, sec.  17(c), Constitution of  the State                                                                    
     of  Alaska,  from  the  constitutional  budget  reserve                                                                    
     fund; and providing for an effective date."                                                                                
                                                                                                                                
9:01:20 AM                                                                                                                    
                                                                                                                                
Co-Chair  Wilson indicated  that for  the previous  3 years,                                                                    
the  statutory formula  had not  been  followed. During  the                                                                    
time,  a   percent  of  market   value  (POMV)   passed  the                                                                    
legislature. It provided  an annual draw of  5.25 percent of                                                                    
the average  balance of  the Permanent  Fund (PF)  which was                                                                    
the average  of the first  5 of  the previous 6  years. When                                                                    
the  legislation   passed,  the  split   between  government                                                                    
services and dividends was not  established. The bill was an                                                                    
attempt  to  start  the conversation.  The  amount  of  each                                                                    
payment  was   based  on   a  5-year   average  of   the  PF                                                                    
performance,  and  the  Permanent Fund  Dividend  (PFD)  was                                                                    
calculated  with  the  following steps.  First,  funds  were                                                                    
added  to the  statutory  net income  from  the current  and                                                                    
previous 4  fiscal years.  The amount  was multiplied  by 21                                                                    
percent, divided by  50 percent, then divided  by the number                                                                    
of eligible applicants.                                                                                                         
                                                                                                                                
Vice-Chair Johnston  MOVED to  ADOPT the  proposed committee                                                                    
substitute  for  HB  1005, Work  Draft  31-LS1015\S  (Bruce,                                                                    
5/22/19)(Copy on file).                                                                                                         
                                                                                                                                
Representative  Sullivan-Leonard   OBJECTED.  She   did  not                                                                    
believe  the  bill  was  the  proper  vehicle  for  the  PFD                                                                    
disbursement.                                                                                                                   
                                                                                                                                
Co-Chair  Wilson reported  that the  committee would  review                                                                    
what was in the working  document. She referred to version S                                                                    
of HB 1005, Section 1 which  appropriated $1.44 million from                                                                    
the  Earnings Reserve  Account (ERA)  to the  dividend fund.                                                                    
Section  2a repaid  appropriations from  the budget  reserve                                                                    
fund  to the  sub-funds and  accounts from  which the  funds                                                                    
were transferred. Section 2b  appropriated $500 million from                                                                    
the  Constitutional   Budget  Reserve  (CBR)  fund   to  the                                                                    
dividend fund. Section  2c allowed borrowing out  of the CBR                                                                    
to   cover   expenditures.    Section   3   specified   that                                                                    
appropriations made  in Section  1 and  Section 2b  were for                                                                    
the capitalization of the fund  and did not lapse. Section 4                                                                    
contained contingency language  in which appropriations made                                                                    
in Section  1 and Section 2b  were only enacted into  law if                                                                    
the dividend calculations were changed  and put into statute                                                                    
(which  would  require  additional legislation).  Section  5                                                                    
specified an effective date of July 1, 2019.                                                                                    
                                                                                                                                
9:03:46 AM                                                                                                                    
                                                                                                                                
Co-Chair  Wilson  invited  Mr. Painter  to  provide  further                                                                    
detail on HB 1005.                                                                                                              
                                                                                                                                
ALEXEI  PAINTER,  ANALYST,   LEGISLATIVE  FINANCE  DIVISION,                                                                    
provided  a PowerPoint  presentation  comprised  of two  bar                                                                    
charts developed  by the Legislative Finance  Division (copy                                                                    
on file).  The first chart on  slide 1 showed the  PFDs paid                                                                    
over the  previous 3 years  to the dividends  proposed under                                                                    
the formula  in HB 1005.  In FY 20  there would be  a larger                                                                    
dividend. He  highlighted that in future  years the dividend                                                                    
would be  between $1500  and $1750. The  spikes were  due to                                                                    
the  volatility in  past  earnings that  caused  it to  jump                                                                    
around.                                                                                                                         
                                                                                                                                
Vice-Chair Ortiz  understood that the committee  was looking                                                                    
at  projections  for the  future  based  on the  passage  of                                                                    
HB 1005.  He asked  if the  projection in  FY 21  and FY  22                                                                    
reflected the impact of the  amount of reductions in the ERA                                                                    
in lost income. He asked if the numbers reflected the draw.                                                                     
                                                                                                                                
Mr. Painter replied in the  negative. He noted that the bill                                                                    
might not currently  reflect the final version  of the draw.                                                                    
As structured,  it would  cause a  budget surplus,  which he                                                                    
did not think  was the intent of the  legislature. The chart                                                                    
was simply an illustration of the formula.                                                                                      
                                                                                                                                
Representative   Sullivan-Leonard    considered   the   past                                                                    
calculations  for  the  dividend.  She asked  if  the  chart                                                                    
showed  the actual  dividends  paid  in FY  17,  FY 18,  and                                                                    
FY 19. She  did not think it  was a clear depiction  of what                                                                    
the dividend should have been  with the calculation that was                                                                    
currently  in  statute.  She  asked   if  the  figures  were                                                                    
available  for  comparison.  Mr. Painter  replied  he  could                                                                    
provide the figures.                                                                                                            
                                                                                                                                
9:06:42 AM                                                                                                                    
                                                                                                                                
Vice-Chair Johnston  asked if he could  approximate the full                                                                    
dividends  and  the cost  of  the  funds  to the  ERA  going                                                                    
backwards. Mr.  Painter did not recall  the calculations off                                                                    
the top of his head.                                                                                                            
                                                                                                                                
Vice-Chair  Johnston  asked  for further  follow-up  to  the                                                                    
committee  to see  the loss  of earnings  reflected by  full                                                                    
dividends.                                                                                                                      
                                                                                                                                
Co-Chair Wilson  added that her  office would work  with LFD                                                                    
to get the information to committee members.                                                                                    
                                                                                                                                
Mr. Painter turned to the chart  on slide 2 which showed the                                                                    
projected balance  of the  PF principal and  the ERA  if the                                                                    
POMV draw was  followed without any draws  above the amount.                                                                    
It would grow with inflation going forward.                                                                                     
                                                                                                                                
Vice-Chair  Johnston requested  an additional  slide in  the                                                                    
future showing the royalty deposits  compared to the current                                                                    
ERA.  Mr.  Painter  asked Vice-Chair  Johnston  if  she  was                                                                    
wanting  the information  from the  inception  of the  fund.                                                                    
Vice-Chair Johnston responded, "Yes."                                                                                           
                                                                                                                                
Representative Josephson  asked if the slide  reflected what                                                                    
was  projected  under  SB 26  [Legislation  passed  in  2018                                                                    
regarding the  appropriation limit, the Permanent  Fund, the                                                                    
dividend,  and  the  ERA] without  adjustment.  Mr.  Painter                                                                    
replied in the affirmative.                                                                                                     
                                                                                                                                
Representative  Wilson reminded  members that  there was  an                                                                    
objection on the motion.                                                                                                        
                                                                                                                                
Representative Sullivan-Leonard MAINTAINED her OBJECTION.                                                                       
                                                                                                                                
Representative Josephson  asked for  a brief  explanation of                                                                    
changes.                                                                                                                        
                                                                                                                                
9:09:34 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:10:13 AM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair  Wilson reviewed  the  changes in  the work  draft.                                                                    
There were changes made in  the contingency language on page                                                                    
2, Section  4, line 19  to reflect  a POMV and  an automatic                                                                    
transfer  from the  ERA. She  referred  to page  2, line  21                                                                    
indicating  the word  "transfer" was  deleted, and  the word                                                                    
"appropriation"  was inserted.  She  pointed to  line 22  in                                                                    
which "earnings reserve" was deleted  and "general fund" was                                                                    
inserted.  She  explained  that   the  change  reflected  an                                                                    
automatic transfer which helped  the legislature stay within                                                                    
the  POMV  and not  taking  extra  distributions. Next,  she                                                                    
referred to line 23 in  which "AS 37.13.140" was deleted and                                                                    
"AS 37.13.140(a)" was inserted  and where the calculation of                                                                    
the PFD could  be found. She explained  that AS 37.13.140(b)                                                                    
was the  POMV calculation. She clarified  that the committee                                                                    
was not voting  to pass the bill out.  Rather, the committee                                                                    
was  voting to  put version  S before  the committee  as the                                                                    
working document.                                                                                                               
                                                                                                                                
Co-Chair  Wilson   indicated  her  intent  to   keep  public                                                                    
testimony open to allow everyone to speak to the bill.                                                                          
                                                                                                                                
Representative  Josephson asked  for  verification that  the                                                                    
motion would spend  about $700 million or  $800 million less                                                                    
than the original version. He thought that was the impact.                                                                      
                                                                                                                                
Co-Chair Wilson  replied that  the bill  would fully  fund a                                                                    
$3,000 dividend  with a portion  from the ERA and  a portion                                                                    
from the  CBR. The change was  to avoid taking any  more out                                                                    
of the highest producing  account. The Constitutional Budget                                                                    
Reserve  made about  2  percent versus  the  ERA which  made                                                                    
anywhere  from 6  percent to  9 percent.  The bill  funded a                                                                    
full PFD for the current year.                                                                                                  
                                                                                                                                
Representative Sullivan-Leonard MAINTAINED her OBJECTION.                                                                       
                                                                                                                                
A roll call vote was taken on the motion.                                                                                       
                                                                                                                                
IN FAVOR: Ortiz, Josephson, Johnston,  Knopp, LeBon, Foster,                                                                    
Wilson                                                                                                                          
OPPOSED: Sullivan-Leonard, Tilton, Merrick                                                                                      
                                                                                                                                
The MOTION PASSED (7/3).                                                                                                        
                                                                                                                                
Representative Carpenter was absent from the vote.                                                                              
                                                                                                                                
9:13:21 AM                                                                                                                    
                                                                                                                                
Co-Chair Wilson OPENED public testimony.                                                                                        
                                                                                                                                
MELODY  MCCULLOUGH,  SELF,   WASILLA  (via  teleconference),                                                                    
spoke in opposition to HB 1005.  She did not want any change                                                                    
to the  PFD. She  supported a full  PFD payout.  She thought                                                                    
Alaskans were  tired of having  their money taken  away. She                                                                    
used  her PFDs  to  support her  grandchildren which  helped                                                                    
significantly.  She also  used the  monies to  pay her  fuel                                                                    
bills. She was  in support of HB 1002. She  urged members to                                                                    
listen to their governor.                                                                                                       
                                                                                                                                
9:17:06 AM                                                                                                                    
                                                                                                                                
ROBBI DOUGLAS,  SELF, NORTH  POLE (via  teleconference), did                                                                    
not support cutting  the PFD. She relayed  the definition of                                                                    
theft.  She  stressed  that  the value  of  the  dollar  was                                                                    
relative to  how many  a person had.  She could  not compete                                                                    
with a  lobbyist that made  $1 million per year.  She stated                                                                    
that paybacks  were horrible  if a person  was on  the wrong                                                                    
end.  She supported  the governor.  She  thought there  were                                                                    
ramifications for  stealing what  did not belong  to another                                                                    
person.                                                                                                                         
                                                                                                                                
9:18:54 AM                                                                                                                    
                                                                                                                                
CHRIS  EICHENLAUB, SELF,  EAGLE RIVER  (via teleconference),                                                                    
spoke in opposition  to HB 1005. He  thought the legislature                                                                    
was breaking  the law when  it reduced dividends.  He stated                                                                    
the PFD  formula had been working  for 40 years, he  did not                                                                    
want  a  change.  He  mentioned a  recall  effort  which  he                                                                    
believed was akin to awakening  a sleeping giant. He thought                                                                    
the actions of the  legislature were dishonorable. He wanted                                                                    
the legislature to honor its agreements.                                                                                        
                                                                                                                                
9:20:57 AM                                                                                                                    
                                                                                                                                
LINDA  TIMOTHY  WOOD,  SELF,  PALMER  (via  teleconference),                                                                    
testified in opposition to the  bill. She encouraged members                                                                    
to remove sections 2, 3, and  4 of the bill. She thought the                                                                    
legislature  should  listen to  the  people  of Alaska.  She                                                                    
thanked members for the opportunity to speak.                                                                                   
                                                                                                                                
9:21:59 AM                                                                                                                    
                                                                                                                                
JAMES  SQUYRES, SELF,  RURAL  DELTANA (via  teleconference),                                                                    
spoke against  HB 1005.  He supported a  full PFD  under the                                                                    
current statute. He believed the  legislature had broken the                                                                    
law in the previous 3  years. He questioned whether the bill                                                                    
was a  legally committee-sponsored  bill. He  made reference                                                                    
to  an   Alaska  statute.  He   thought  the   footprint  of                                                                    
government was  too large. He  believed the  structure would                                                                    
quickly outgrow  the Band-Aid the legislature  was trying to                                                                    
apply. He  supported a full  PFD and thought that  the issue                                                                    
should be placed before the people of Alaska for a vote.                                                                        
                                                                                                                                
9:22:54 AM                                                                                                                    
                                                                                                                                
ED MARTIN  JR., SELF,  COOPER LANDING  (via teleconference),                                                                    
testified against  the bill. He  stated that his  father had                                                                    
worked hard  to get  a vote  on the ballot  in 1999.  At the                                                                    
time 83  percent of the  people did not want  their dividend                                                                    
touched.  He opined  that times  had  changed. However,  the                                                                    
money  in the  ERA belonged  to  the people  created by  the                                                                    
investment  of  25 percent  of  the  mineral wealth  in  the                                                                    
state. It  was set  aside for the  Permanent Fund  to invest                                                                    
and return  a dividend to  the people. He stressed  that the                                                                    
CBR  was  not  crafted  to  pay out  PFDs.  He  thought  the                                                                    
legislature's failure  to follow the state  statutes had led                                                                    
to  an  either-or situation.  He  asked  the legislature  to                                                                    
start following the law. He  made reference to an article in                                                                    
the Anchorage Daily  News. He stated the will  of the people                                                                    
would  show up  sooner or  later.  He stated  that too  many                                                                    
people depended on the PFD.                                                                                                     
                                                                                                                                
Co-Chair Wilson clarified that the  article in the Anchorage                                                                    
Daily News  described what  the bill did.  It did  not state                                                                    
that a  person would not receive  a full PFD. In  the bill a                                                                    
person  would receive  a full  PFD because  it would  follow                                                                    
statute.  The bill  in  its current  form  would change  the                                                                    
statute which would dictate the new amount.                                                                                     
                                                                                                                                
9:26:07 AM                                                                                                                    
                                                                                                                                
DAVE MAXWELL, SELF, PALMER  (via teleconference), opposed to                                                                    
HB 1005. He  stated that if the legislature did  not get its                                                                    
job  done,  residents  in  Palmer   looked  forward  to  the                                                                    
legislature coming to Mat-Su to be  in the room. He spoke in                                                                    
support  of   the  governor.  He  wanted   to  obligate  the                                                                    
legislature to support what the  people of the state wanted.                                                                    
He did not believe the  legislature was coming up with good,                                                                    
solid options. He  wanted to go back to HB  1002 and did not                                                                    
support  HB 1005.  He encouraged  members to  get their  job                                                                    
done.                                                                                                                           
                                                                                                                                
Co-Chair  Wilson  asked  testifiers  to stick  to  the  bill                                                                    
subject.                                                                                                                        
                                                                                                                                
9:29:23 AM                                                                                                                    
                                                                                                                                
BERT HOUGHTALING,  SELF, BIG LAKE (via  teleconference), did                                                                    
not support the bill. He did  not support the claim that the                                                                    
bill  was best  for all  Alaskans. He  thought the  bill was                                                                    
deceptive,  as it  would provide  a full  PFD for  the first                                                                    
year,  but would  decrease the  amount each  year after  the                                                                    
first. He wanted to see  the Permanent Fund protected in the                                                                    
constitution,  the  formula  to   stay  the  same,  and  the                                                                    
legislature to keep its hands off  the PFD. He wanted to see                                                                    
the budget  further reduced. He referenced  Kaktovik, Alaska                                                                    
as an  example of a location  that was trying to  get Alaska                                                                    
National Wildlife Refuge  (ANWR) open to have  their own oil                                                                    
revenues. He thought  the town of Kaktovik  was admitting to                                                                    
living  off  of  government  handouts. He  did  not  support                                                                    
taking money  from the CBR  and the ERA  to pay the  PFD. He                                                                    
thought  the  legislature  was  not  following  statute.  He                                                                    
supported HB 1002, HB 1003, and HB 1004.                                                                                        
                                                                                                                                
9:32:00 AM                                                                                                                    
                                                                                                                                
MIKE COONS,  PRESIDENT, GREATER ALASKAN AMAC  ACTION, PALMER                                                                    
(via teleconference),  testified in opposition to  the bill.                                                                    
He stated that the PFD was  paid out of the ERA. He strongly                                                                    
argued against  paying the PFDs  from the CBR. He  asked the                                                                    
legislature to maintain the CBR  for emergency use as it was                                                                    
intended. He stressed that the  legislature needed to follow                                                                    
the  rules. He  did  not support  remarks  made by  Co-Chair                                                                    
Wilson   related  to   the  past   PFD   under  the   Walker                                                                    
Administration  justifying  the   reduction.  He  hoped  the                                                                    
governor would  veto the  bill, as  it violated  statute. He                                                                    
asked the  committee to fully  fund the PFD solely  from the                                                                    
ERA. He supported  the removal of Section 2 of  the bill and                                                                    
any  other language  in Section  3 and  Section 4  that were                                                                    
related  to  Section  2.  He also  wanted  changes  made  to                                                                    
Section  1  that would  provide  a  full PFD  appropriation.                                                                    
Additionally,  he  supported  HB   1001  and  HB  1002,  the                                                                    
governor's bill.                                                                                                                
                                                                                                                                
9:34:23 AM                                                                                                                    
                                                                                                                                
MIKE  ALEXANDER,   SELF,  BIG  LAKE   (via  teleconference),                                                                    
opposed the  bill. He voted  for Mike Dunleavy, no  taxes, a                                                                    
full  PFD,  getting retroactive  PFD  monies,  and a  budget                                                                    
reduction of  $1.6 billion. He  considered the bill to  be a                                                                    
bait-and-switch  effort.  He  did  not  understand  how  the                                                                    
legislature  could think  most Alaskans  were unintelligent.                                                                    
He  thought  the  legislature  was  stealing  from  Alaskans                                                                    
including future generations.                                                                                                   
                                                                                                                                
9:35:42 AM                                                                                                                    
                                                                                                                                
KIM NELSON,  SELF, FAIRBANKS  (via teleconference),  did not                                                                    
support  the bill.  However,  he supported  HB  1001 and  HB                                                                    
1002. He  believed HB  1005 was  a bait-and-switch  bill. He                                                                    
thanked members for their time.                                                                                                 
                                                                                                                                
9:36:47 AM                                                                                                                    
                                                                                                                                
Co-Chair Wilson clarified the  correct email addresses where                                                                    
written testimony could be sent.                                                                                                
                                                                                                                                
9:37:04 AM                                                                                                                    
                                                                                                                                
BERNARD  CAMPBELL,   SELF,  WASILLA   (via  teleconference),                                                                    
opposed HB 1005. He expressed  his disappointment in Senator                                                                    
Wilson  referring to  a previous  conversation with  him. He                                                                    
suggested  that if  government officials  thought money  was                                                                    
available, they were  entitled to it. He  stressed there was                                                                    
a  ballot  box  which  people would  use  to  express  their                                                                    
disapproval. He restated his opposition to the bill.                                                                            
                                                                                                                                
9:38:36 AM                                                                                                                    
                                                                                                                                
Co-Chair  Wilson  believed  Mr. Campbell  was  referring  to                                                                    
Senator Wilson  who was  not present at  the meeting,  as it                                                                    
was a meeting of the  House Finance Committee. She wanted to                                                                    
ensure  that words  were not  being put  in the  mouth of  a                                                                    
senator.                                                                                                                        
                                                                                                                                
9:38:57 AM                                                                                                                    
                                                                                                                                
JOE  GELDHOF, AK  PERMANENT FUND  DEFENDERS, JUNEAU,  shared                                                                    
that the  group included Clem Tillion,  Jack Hickel, Juanita                                                                    
Cassellius,  and  Rick  Halford.  He  did  not  believe  the                                                                    
committee members  were diabolical or engaged  in treachery.                                                                    
He  did not  believe any  of  the members  lacked honor.  He                                                                    
understood they were  between a rock and a  hard place. Some                                                                    
of the hard  places had been created by past  actions of the                                                                    
legislature.  Some rocks  existed  because some  legislators                                                                    
refused to accept  the idea that there were  other tools for                                                                    
building a sustainable  budget. He posed the  question as to                                                                    
what  to  do when  between  a  rock  and  a hard  place.  He                                                                    
reported that  the Permanent Fund Defenders  were absolutely                                                                    
committed to protecting  the Permanent Fund and  to having a                                                                    
full  PFD.  However,  given   the  political  and  financial                                                                    
realities that  legislators faced, it was  difficult. He had                                                                    
a  couple  of  recommendations.  First,  he  did  not  think                                                                    
HB 1005 was acceptable  because it took funds  from the CBR.                                                                    
He thought  the public would  view the idea as  gimmicky and                                                                    
unacceptable.   There  were   very   high  expectations   of                                                                    
receiving the  full statutory dividend. He  thought what the                                                                    
legislature  should do,  pointing  to the  red  bars in  the                                                                    
chart,  was not  in the  bill. He  suggested transferring  a                                                                    
very large  portion of the funds  in the ERA to  the corpus,                                                                    
or trust,  of the Permanent  Fund. Second, he  suggested the                                                                    
legislature should  pay the full  PFD for the  current year.                                                                    
He indicated that  what the legislature did  in the outyears                                                                    
would  be a  matter of  excruciatingly political  choice. He                                                                    
reiterated that paying the full  PFD in the current year and                                                                    
transferring a large  sum from the ERA to the  corpus of the                                                                    
Permanent Fund made sense presently and for future                                                                              
generations. The Permanent Fund  Defenders believed that the                                                                    
formula for  paying the Permanent  Fund should be  placed in                                                                    
the constitution.  He continued  that putting it  in statute                                                                    
as the  measure did in  the bill would  not be liked  by the                                                                    
public. It  would be  vetoed by  the government  or rejected                                                                    
through  the  referendum  process. He  understood  what  the                                                                    
legislature was  trying to do.  However, it was a  "dog that                                                                    
won't  hunt." He  urged members  to reduce  the red  bars by                                                                    
moving the lion's  share of the ERA into  the Permanent Fund                                                                    
and  pay the  full  PFD  in the  current  year. He  reminded                                                                    
members  of  their  constitutional   obligation  to  pass  a                                                                    
budget.                                                                                                                         
                                                                                                                                
9:42:53 AM                                                                                                                    
                                                                                                                                
Co-Chair Wilson  clarified that CBR funds  had been utilized                                                                    
in  the  bill  because,  unlike in  other  years,  when  the                                                                    
percent of market value (POMV)  was passed, 5.25 percent had                                                                    
already come  out of  the ERA. Normally  the draw  would not                                                                    
have  happened   until  an  operating  budget   was  passed.                                                                    
Presently,  the  state had  to  look  for other  funding  to                                                                    
ensure there  was enough money  for operating costs  and the                                                                    
dividend.                                                                                                                       
                                                                                                                                
Vice-Chair  Johnston   pointed  out  that  often   the  term                                                                    
Permanent  Fund Dividend  and the  Permanent Fund  were used                                                                    
interchangeably.  She posed  a  clarifying  question to  Mr.                                                                    
Geldof. She  asked if he  wanted a  constitutional amendment                                                                    
that placed the POMV in the constitution.                                                                                       
                                                                                                                                
Mr. Geldhof  answered that the Permanent  Fund Defenders was                                                                    
an organization  that protected the  Permanent Fund  and the                                                                    
Permanent Fund  Dividend. The  position of  the organization                                                                    
was that  the existing  statutory formula  that contemplated                                                                    
the  payout  based  on  a 5-year  rolling  average  was  the                                                                    
provision   that   should   be  embodied   in   the   Alaska                                                                    
Constitution.                                                                                                                   
                                                                                                                                
Vice-Chair  Johnston  asked if  he  was  saying the  current                                                                    
formula should be in the constitution.                                                                                          
                                                                                                                                
Mr.  Geldhof answered  in the  affirmative. The  formula had                                                                    
endured for  40 years and  had resulted in huge  benefits to                                                                    
the  state's  economy  and to  individuals.  It  had  lifted                                                                    
people  out  of poverty.  The  organization  thought it  was                                                                    
worth   continuing.  He   understood  there   were  enormous                                                                    
pressures on  all legislators  to fund  the budget  and, the                                                                    
money had  to come from  somewhere. The legislature  had run                                                                    
through  almost  all  of  the  money  in  the  CBR  and  the                                                                    
Statutory Budget  Reserve (SBR).  The ERA was  presently the                                                                    
target.                                                                                                                         
                                                                                                                                
9:45:46 AM                                                                                                                    
                                                                                                                                
Vice-Chair Johnston thought she  was getting a mixed signal.                                                                    
She suggested that in Mr.  Geldof's scenario there might not                                                                    
be enough funds  in the ERA to fully fund  the dividend. She                                                                    
asked how he would deal with the situation.                                                                                     
                                                                                                                                
Mr.  Geldhof answered  that it  was the  firm belief  of the                                                                    
Permanent Fund Defenders  that the funds in the  ERA and the                                                                    
Permanent Fund were  funds belonging to the  public and were                                                                    
funds derived from the decision  collectively made to put 25                                                                    
percent of  the funds into a  reserve or trust fund.  In the                                                                    
sense   that  the   citizens   received   a  dividend,   the                                                                    
organization's position  was that it should  flow. There was                                                                    
no guarantee  that the  people of  Alaska would  receive any                                                                    
amount. If the state experienced  6 consecutive years of bad                                                                    
market  performance,  the  citizens   of  Alaska  would  not                                                                    
receive a PFD. Everyone shared  in the formula. He suggested                                                                    
that in no way should  citizens mandate a guaranteed income.                                                                    
He  reiterated they  were talking  about a  public wealth  -                                                                    
when  the markets  did  well, the  citizens  also did  well.                                                                    
There had  been a couple  of occasions where the  state went                                                                    
through  difficult  economic  times   and  citizens  had  to                                                                    
tighten their belts.                                                                                                            
                                                                                                                                
Vice-Chair   Johnston  stated   she  had   seen  posts   and                                                                    
discussions  about  people  having   a  sovereign  right  to                                                                    
receive  a   dividend.  She  asked   if  he   could  provide                                                                    
clarification.                                                                                                                  
                                                                                                                                
Mr. Geldhof  assumed she was  speaking about  an individual.                                                                    
He asked if he was correct.                                                                                                     
                                                                                                                                
Vice-Chair  Johnston affirmed.  The  statement confused  her                                                                    
from a  legal aspect. She  commented that a  sovereign meant                                                                    
there was a  king and queen. She asked Mr.  Geldof if he was                                                                    
an attorney.                                                                                                                    
                                                                                                                                
Mr. Geldof confirmed he was an attorney.                                                                                        
                                                                                                                                
Vice-Chair Johnston  asked him  to define  "sovereign right"                                                                    
as it pertained to the PFD.                                                                                                     
                                                                                                                                
Mr. Geldhof  believed that the  term came from a  person who                                                                    
had spent too  much time on the internet.  He suggested that                                                                    
there were high  expectations of receiving a  PFD. There had                                                                    
been a recent  frenzy whipped up directed  at legislators to                                                                    
fulfill. He  suggested that to fulfill  the expectation, the                                                                    
legislature needed  to embody a formula  in the constitution                                                                    
that worked  for Alaska's citizens and  state government. It                                                                    
would help  to avoid an  annual fight and threats  about the                                                                    
consequences of  not fulfilling what  the people  wanted. He                                                                    
suggested  that   legislators  were  working  in   a  rugged                                                                    
environment. He  appreciated all  of the people  involved in                                                                    
the organization.  The provision in the  bill presently with                                                                    
the  contingencies would  further alienate  and confuse  the                                                                    
public. He thought some hard  choices would have to be made.                                                                    
It was  difficult because  the chief  executive had  taken a                                                                    
major  tool  away. The  legislature  was  stuck with  taking                                                                    
money out of  the Permanent Fund or making  massive cuts. He                                                                    
reiterated the need to move as  much of the money in the ERA                                                                    
into  the corpus  of the  Permanent Fund,  because then  the                                                                    
money was truly  safe. The only other  thing the legislature                                                                    
would have  to worry about  was making sure  the corporation                                                                    
was properly inflation-proofing the fund.                                                                                       
                                                                                                                                
9:50:28 AM                                                                                                                    
                                                                                                                                
Co-Chair Wilson  reminded members  the testifier was  not on                                                                    
the witness stand.                                                                                                              
                                                                                                                                
Representative Knopp thank the  testifier for his testimony.                                                                    
He reported that there were  2 bills being vetted that would                                                                    
transfer either 8 billion or  12 billion into the corpus. He                                                                    
thought there was  agreement that monies needed  to be moved                                                                    
to the  trust. He  acknowledged Mr. Geldof's  comments about                                                                    
paying  out a  full dividend  would  be adhering  to a  full                                                                    
dividend. He  provided some background around  the Permanent                                                                    
Fund  Dividend  formula.  He   thought  the  Permanent  Fund                                                                    
Defenders  had  to  acknowledge that  when  the  legislature                                                                    
passed SB  26, there was  going to be  a need to  change the                                                                    
formula.   It   sounded   as   if   the   organization   was                                                                    
acknowledging the need for a new formula.                                                                                       
                                                                                                                                
Mr. Geldhof replied that the  issues surrounding the formula                                                                    
were multiple.  People had  asked the  organization numerous                                                                    
times what its  position was on the POMV.  He suggested that                                                                    
because the  public was familiar  with the  existing statute                                                                    
and  because  the  formula  had  worked  for  so  long,  the                                                                    
organization had taken the position  that the formula needed                                                                    
to  be placed  inside the  constitution. There  was a  trust                                                                    
issue, not related to a  particular legislator. However, the                                                                    
public, after the Wielechowski  case, understood that unless                                                                    
the  formula  was placed  into  the  constitution, it  would                                                                    
always be up for grabs.                                                                                                         
                                                                                                                                
Mr. Geldhof  continued that  the trouble  with the  POMV was                                                                    
that if  it was more  than about 4.125  or 4.2 percent  in a                                                                    
100-year  cycle, it  would  be  unsustainable. He  commented                                                                    
that 5.25  percent might  look good right  now, but  at some                                                                    
point,  it would  not work.  It was  recommended to  build a                                                                    
POMV on  a 100-year average  rather than a  10-year average.                                                                    
If a  POMV was going to  be used, the percentage  would need                                                                    
to be closer  to 4 percent. The split on  4 percent could be                                                                    
debated  thereafter. He  reiterated  that the  public had  a                                                                    
lack  of  trust  with  there  being  no  permanency  in  the                                                                    
formula. Having  the formula  in statute  was not  enough to                                                                    
satisfy  the  public,  as  statutory  law  could  be  easily                                                                    
changed. He  advised the committee  to pass a budget,  pay a                                                                    
full dividend, and put a large  sum of money into the corpus                                                                    
of the Permanent Fund.                                                                                                          
                                                                                                                                
Co-Chair Wilson  reminded members  the discussion  was about                                                                    
HB 1005. She thought the discussion was good.                                                                                   
                                                                                                                                
9:56:55 AM                                                                                                                    
                                                                                                                                
Representative  Josephson was  disappointed.  He had  worked                                                                    
with Mr.  Geldhof on cruise  ship reform that they  had both                                                                    
opposed. He  did not think the  group had added much  to the                                                                    
discussion  because they  were not  offering a  solution. He                                                                    
asked why he  was more concerned about a $40  million cut to                                                                    
the Alaska  State Ferry  System than  Mr. Geldhof  seemed to                                                                    
be. His question was rhetorical.                                                                                                
                                                                                                                                
Co-Chair  Wilson  clarified   Representative  Josephson  was                                                                    
going off  topic. She  stated that  Mr. Geldhof  had offered                                                                    
the  solution of  maintaining the  current  PFD statute  and                                                                    
transferring a large sum of  $10 billion to $12 billion from                                                                    
the ERA  to the corpus  of the  Permanent Fund. She  did not                                                                    
think that a person could  read within his testimony what he                                                                    
felt was or  was not important in the  operating budget. She                                                                    
directed Representative Josephson to  limit his questions to                                                                    
HB 1005.                                                                                                                        
                                                                                                                                
Representative   Josephson    commented   that    the   most                                                                    
conservative  body  in  the building  could  only  cut  $200                                                                    
million.  The  state  needed  to   cut  an  additional  $1.4                                                                    
billion. He asked Mr. Geldhof what he would cut.                                                                                
                                                                                                                                
Co-Chair  Wilson  clarified that  Representatives   question                                                                    
did not pertain to HB 1005.                                                                                                     
                                                                                                                                
Representative  Josephson  thought  his question  was  valid                                                                    
because  Mr. Geldhof  wanted the  legislature to  fully fund                                                                    
the dividend. He wanted to  know how Mr. Geldhof would fully                                                                    
fund a dividend.                                                                                                                
                                                                                                                                
Co-Chair Wilson  indicated the question  did not  pertain to                                                                    
the  current  bill  being  addressed.   They  could  have  a                                                                    
discussion outside of the committee meeting.                                                                                    
                                                                                                                                
Mr. Geldhof thanked the committee.                                                                                              
                                                                                                                                
Vice-Chair  Ortiz asked  for verification  that Mr.  Geldhof                                                                    
was not supportive of the bill in its current form.                                                                             
                                                                                                                                
Mr. Geldhof affirmed.                                                                                                           
                                                                                                                                
Vice-Chair  Ortiz noted  that his  testimony encouraged  the                                                                    
legislature to  payout the  full PFD  under the  formula and                                                                    
pass a budget. He wondered  if his suggestion was to include                                                                    
the PFD as part of the budget.                                                                                                  
                                                                                                                                
Mr.   Geldhof  replied   that  the   legislature  had   some                                                                    
interesting strategic  and tactical  choices to  make. There                                                                    
was agreement that  moving large sums from the  ERA into the                                                                    
trust was a  savvy financial move and  sound political move.                                                                    
Passing a  budget with  or without a  capital budget  or the                                                                    
allocation  for  the  Permanent Fund  Dividend  at  whatever                                                                    
level  was  a  separate   question.  He  recommended  giving                                                                    
thought to  enacting an operating  budget without  a Capital                                                                    
Budget  and without  the Permanent  Fund Dividend  deferring                                                                    
those items  until the  governor had  gone through  the veto                                                                    
process.  The  landscape  would clear  up  significantly  by                                                                    
doing what the legislature  was constitutionally required to                                                                    
do    to  pass an  operating budget  that included  moving a                                                                    
large sum from the ERA to the Permanent Fund corpus.                                                                            
                                                                                                                                
10:01:31 AM                                                                                                                   
                                                                                                                                
Vice-Chair Ortiz  joined Representative Knopp in  his belief                                                                    
that it would  be a good thing to put  a substantial portion                                                                    
of the  ERA into the principal.  He asked if moving  a large                                                                    
sum  into the  corpus  left the  legislature  in a  position                                                                    
where it  was unable  to pay  out a  full PFD  the following                                                                    
year.                                                                                                                           
                                                                                                                                
Mr.  Geldhof  acknowledged  the potential,  similar  to  the                                                                    
possibility of not  having enough money if  the markets were                                                                    
to tank.  The calculus  was whether  the citizens  of Alaska                                                                    
would   understand  that   the  legislature   placed  money,                                                                    
otherwise accessible  through a  majority vote,  into trust.                                                                    
He  believed  the  public  would  like  the  move.  He  also                                                                    
believed  they understood  that by  transferring the  funds,                                                                    
there  might  be a  risk  of  a  guaranteed PFD  payout.  On                                                                    
balance, he thought they would  understand. He urged members                                                                    
to stop  eyeing the ERA  and lock it  up. The risk  of being                                                                    
shorted on a  dividend by putting money into  trust would be                                                                    
understood.  Whereas, the  public  would be  angry if  there                                                                    
were  short  funds and  the  legislature  deflected a  large                                                                    
portion of  the ERA  monies out of  their shortened  PFD and                                                                    
into things they did not  consider valuable whether that was                                                                    
ferry services,  social workers,  or paved roads.  He argued                                                                    
that there was no downside to moving money into the corpus.                                                                     
                                                                                                                                
Co-Chair Wilson thanked Mr. Geldhof for the conversation.                                                                       
                                                                                                                                
10:04:59 AM                                                                                                                   
                                                                                                                                
BONNIE THUMMA,  SELF, FAIRBANKS (via  teleconference), asked                                                                    
about HB 1005. She understood  that a full dividend would be                                                                    
paid out the first year.  She wondered what the payout would                                                                    
be in the outyears.                                                                                                             
                                                                                                                                
Co-Chair Wilson  pointed to contingency language  on page 2,                                                                    
lines  19-22.  The  language  reflected   a  change  of  the                                                                    
dividend  fund of  an  amount  equal to  25  percent of  the                                                                    
income available for distribution.  In other words, it would                                                                    
follow  the current  statute for  the first  year but  would                                                                    
change the  formula in the out  years. In order to  make the                                                                    
change, another bill would also  have to be enacted changing                                                                    
the formula.                                                                                                                    
                                                                                                                                
Ms.  Thumma  opposed  HB  1005.   She  fully  supported  the                                                                    
original formulation for the dividend.  She asked members to                                                                    
honor  Alaskan  citizens. Many  relied  heavily  on the  PFD                                                                    
helping  with  the  high  cost   of  living  in  Alaska  and                                                                    
particularly   in   Alaskan   villages.  She   thanked   the                                                                    
committee.                                                                                                                      
                                                                                                                                
10:07:38 AM                                                                                                                   
                                                                                                                                
PAULA GALLAGHER, SELF,  HOMER (via teleconference), strongly                                                                    
opposed HB 1005.  She thought the bill  was disgraceful. She                                                                    
asserted that the people had  already spoken with their vote                                                                    
for Governor Dunleavy. She offered  her support for HB 1002.                                                                    
She expected the  legislature to do its job.  She thought it                                                                    
was the  little people who  typically got hurt.  She thanked                                                                    
the committee for its time.                                                                                                     
                                                                                                                                
Co-Chair Wilson  noted that  Representative Sarah  Vance was                                                                    
present in the room.                                                                                                            
                                                                                                                                
10:08:43 AM                                                                                                                   
                                                                                                                                
ADAM  HYKES,  SELF,  HOMER  (via  teleconference),  did  not                                                                    
support  HB 1005.  He supported  HB  1002, HB  1003, and  HB                                                                    
1004.  He believed  that ownership  of  resources shared  in                                                                    
common, above  or below  ground, belonged  to the  people of                                                                    
Alaska. He supported the governor's  proposal for a full PFD                                                                    
as  well as  payment  for  prior PFDs.  He  advocated for  a                                                                    
restoration of  trust between  citizens and  legislators. He                                                                    
believed it was the legislature's  job to defend and promote                                                                    
the general welfare of the  public. However, it did not mean                                                                    
providing for  the general welfare  of the  people. Alaskans                                                                    
could take care of themselves just fine.                                                                                        
                                                                                                                                
10:10:19 AM                                                                                                                   
                                                                                                                                
ROXANNE LESTER, SELF,  FAIRBANKS (via teleconference), spoke                                                                    
in opposition  to HB 1005.  She believed  government, rather                                                                    
than the  PFD, should be reduced.  She wanted to see  a full                                                                    
PFD restored.  She urged  members to do  what was  right for                                                                    
the  people  of Alaska.  She  argued  that the  formula  had                                                                    
worked  for  the last  40  years  and  did  not need  to  be                                                                    
changed. She  commented that people were  hurting because of                                                                    
the PFD reduction which was reflected in Alaskas economy.                                                                       
                                                                                                                                
10:11:13 AM                                                                                                                   
                                                                                                                                
RANDY   GRIFFIN,  SELF,   FAIRBANKS  (via   teleconference),                                                                    
indicated   he  would   support   HB   1005  under   certain                                                                    
conditions. He  really supported  a PFD  that fit  within an                                                                    
honest  and  sustainable  budget.   He  wanted  to  see  the                                                                    
operating budget,  the capital budget, and  the PFD combined                                                                    
to match sustainable honest revenues.  He suggested that the                                                                    
more the  budget was trimmed,  the larger the PFD  could be.                                                                    
He did not believe the  PFD should exceed a balanced budget.                                                                    
He was a blue-collar worker  and could use the PFD. However,                                                                    
over the  previous 4  years, he had  donated his  PFD checks                                                                    
back to state  government. He would be doing  the same thing                                                                    
in  2019 unless  there was  a balanced  budget. He  reported                                                                    
that if  a private company had  a loss, they would  not give                                                                    
out a  dividend. If  a company  experienced a  surplus, they                                                                    
might give out a dividend.  He thought the government should                                                                    
follow  the same  example. He  supported HB  1005 under  the                                                                    
condition that  there is a  sustainable balanced  budget. He                                                                    
strongly believed that the state  should not exceed the draw                                                                    
limit of  5.25 percent,  as it was  not sustainable.  He did                                                                    
not  want to  see the  limit  of ERA  spending violated.  He                                                                    
suggested that the only other  legal place to draw funds was                                                                    
from the  CBR. He did not  think dipping into savings  was a                                                                    
good idea,  but at least  the source  was an honest  one. He                                                                    
reiterated  his support  for the  bill. He  advocated for  a                                                                    
sliding  scale  for the  PFD  distribution.  He thanked  the                                                                    
committee.                                                                                                                      
                                                                                                                                
10:14:57 AM                                                                                                                   
                                                                                                                                
JAMES  WALSH,  SELF,  KASILOF  (via  teleconference),  spoke                                                                    
against HB 1005.  He advocated for HB 1002,  the full payout                                                                    
of the PFD.  He did not support anything less  than the full                                                                    
statutory amount  required by law. He  thanked the committee                                                                    
for taking his comments.                                                                                                        
                                                                                                                                
10:15:44 AM                                                                                                                   
                                                                                                                                
DEBORAH  HOLLAND,  SELF,   ANCHORAGE  (via  teleconference),                                                                    
spoke  against  HB  1005.  She   read  a  portion  from  Jay                                                                    
Hammonds book, Diapering the Devil:                                                                                             
                                                                                                                                
      I believe the best, perhaps  the only way, to meet our                                                                    
     constitutional mandate to  manage our natural resources                                                                    
     for the maximum benefit of  all the people was to grant                                                                    
     each  citizen an  owners   share  of Alaskas   resource                                                                    
     wealth to  be used  as they,  not the  government, felt                                                                    
     was  for  their  maximum benefit.  To  accomplish  this                                                                    
     objective,  I propose  that 50  percent of  all mineral                                                                    
     lease  bonuses,  royalties,   and  severance  taxes  be                                                                    
     deposited  into  a  conservatively  managed  investment                                                                    
     account each  year. One half of  the accounts  earnings                                                                    
     would  be dispersed  among Alaskan  residents, each  of                                                                    
     whom  would  receive  annually one  share  of  dividend                                                                    
     earning stock. The other half  of the earnings would be                                                                    
     use for essential government services.                                                                                     
                                                                                                                                
Ms. Holland read more from Governor Hammonds book:                                                                              
                                                                                                                                
      Our greatest  challenge with the Permanent  Fund and a                                                                    
     fiscal plan  was assuring that each  provides a maximum                                                                    
     benefit for all  Alaskans, not simply a  favored few at                                                                    
     a cost to  the many. That is a hard  goal to cross with                                                                    
     so  many hands  outstretched  in hopes  of receiving  a                                                                    
     slice of the pie.                                                                                                          
                                                                                                                                
Ms.  Holland  was  calling  because   she  did  not  support                                                                    
HB 1005. However,  she supported Governor  Dunleavy   bills,                                                                    
HB 1001 and  HB 1002. She urged members to  stop thinking of                                                                    
the Permanent Fund as their private banking account.                                                                            
                                                                                                                                
10:17:42 AM                                                                                                                   
                                                                                                                                
DAVID  HURN,  SELF,  WASILLA (via  teleconference),  opposed                                                                    
HB 1005. He supported  HB 1002. He believed  the citizens of                                                                    
Alaska had  spoken when they  elected Governor  Dunleavy. He                                                                    
thought that legislators  were not doing their  jobs. He did                                                                    
not  approve of  the  Socialist  propaganda surrounding  the                                                                    
PFD. He  urged members  to follow  the law  that was  put in                                                                    
place 30  years prior.  He accused  members of  breaking the                                                                    
law  by stealing  the PFD  from Alaskans  for 3  consecutive                                                                    
years. He wanted to see the peoples money returned.                                                                             
                                                                                                                                
10:19:02 AM                                                                                                                   
                                                                                                                                
PATTRICE  ILLGUTH, SELF,  NORTH  POLE (via  teleconference),                                                                    
opposed HB  1005. She  believed the  state budget  should be                                                                    
reduced and that  Alaskans should live on a  budget too. She                                                                    
thought  state  government  should   be  held  to  the  same                                                                    
standard of having to live  within a budget. She appreciated                                                                    
the opportunity to testify.                                                                                                     
                                                                                                                                
10:19:38 AM                                                                                                                   
                                                                                                                                
GARY  MCDONALD, SELF,  ANCHORAGE  (via teleconference),  did                                                                    
not  support HB  1005.  He  wanted the  PFD  left alone.  He                                                                    
encouraged  the  legislature  to make  additional  cuts.  He                                                                    
agreed with  the terminology used  by a  previous testifier.                                                                    
He was  tired of  the legislature  attempting to  change the                                                                    
dividend.                                                                                                                       
                                                                                                                                
10:20:51 AM                                                                                                                   
                                                                                                                                
RONALD SEAMAN,  SELF, KODIAK (via teleconference),  spoke in                                                                    
opposition  of  HB 1005.  He  was  a disabled  deckhand  and                                                                    
Veteran. He needed a full  PFD, as it helped him financially                                                                    
to  get through  each  winter. He  thought  if the  dividend                                                                    
check and the formula were to  be changed, it should be done                                                                    
by the vote of the people. He thanked the committee.                                                                            
                                                                                                                                
                                                                                                                                
10:21:27 AM                                                                                                                   
                                                                                                                                
THOMAS GRIFFITH, SELF, SALCHA  (via teleconference), did not                                                                    
support  HB 1005.  He had  been a  resident of  Alaska since                                                                    
1980. He, like  other people had mentioned, had  put his PFD                                                                    
to good use. He shared that  his son had put himself through                                                                    
college.  He was  now a  productive citizen  in the  medical                                                                    
field in Anchorage.  He wanted the PFD left the  way the law                                                                    
was written. He supported HB  1002 and wanted the formula to                                                                    
stay as  it was. He wanted  the payout to come  from the ERA                                                                    
rather than the  CBR. He used the PFD for  building his home                                                                    
and for  buying car tires  in the winter. He  disagreed with                                                                    
the notion  that the  PFD was a  government handout.  It was                                                                    
not  a  government  welfare  program. It  was  the  way  the                                                                    
founders dispersed  Alaskas  mineral wealth to  the citizens                                                                    
of the  state. He stated it  was no one's business  to weigh                                                                    
in on  how people spent their  PFDs. He was counting  on the                                                                    
PFD  for  some of  his  retirement  income. He  thought  the                                                                    
legislature  needed to  listen to  its constituents.  He had                                                                    
voted  for  the  governor,  as did  75  percent  of  voters.                                                                    
Alaskans wanted fiscally responsible  spending in the state.                                                                    
He  thought  the  state  should  curtail  its  spending.  He                                                                    
thanked the committee.                                                                                                          
                                                                                                                                
10:24:51 AM                                                                                                                   
                                                                                                                                
Co-Chair Wilson addressed the proposal  to take $500 million                                                                    
from  the CBR.  There  was an  anticipated  surplus of  $600                                                                    
million that would go into the CBR.                                                                                             
                                                                                                                                
10:25:19 AM                                                                                                                   
                                                                                                                                
GAIL  LIMBAUGH MOORE,  SELF, SOLDOTNA  (via teleconference),                                                                    
testified  in opposition  to HB  1005.  She fully  supported                                                                    
HB 1002. She wanted a full PFD payout with no future cut.                                                                       
                                                                                                                                
10:25:41 AM                                                                                                                   
                                                                                                                                
BEN   BRITTEN,   SELF,   FAIRBANKS   (via   teleconference),                                                                    
testified  against HB  1005  and  in favor  of  HB 1002.  He                                                                    
thanked the committee.                                                                                                          
                                                                                                                                
10:26:03 AM                                                                                                                   
                                                                                                                                
TANYA  KITKA, SELF,  KODIAK  (via teleconference),  strongly                                                                    
opposed HB 1005. She supported  HB 1002, 1003, and 1004. She                                                                    
wanted to  see citizens paid  a full  PFD and paid  back the                                                                    
amount  taken from  Alaskans over  the past  few years.  She                                                                    
also  wanted the  formula  kept intact.  She  stated in  the                                                                    
previous year the legislature  changed the statutory formula                                                                    
to  the  5  percent  POMV  formula. She  asked  if  she  was                                                                    
accurate.                                                                                                                       
                                                                                                                                
Co-Chair Wilson  replied in the negative.  She answered that                                                                    
the formula  remained in  place and  in a  different section                                                                    
there was  a POMV  draw of  5.25 percent.  The two  were not                                                                    
connected.                                                                                                                      
                                                                                                                                
Ms. Kitka appreciated the clarification.  She wanted to keep                                                                    
the  statutory formula  in  place where  50  percent of  the                                                                    
earnings went to paying the PFD  over an average of 5 years,                                                                    
and the  other 50  percent went to  help pay  for government                                                                    
services.  She  reported that  her  kids  had a  substantial                                                                    
college savings.  Her 17-year  old was  getting ready  to go                                                                    
away to college and the fund  would help her on her way. Her                                                                    
5-year-old would  not likely benefit  as much. She  hoped to                                                                    
see  the formula  put into  the constitution.  She suggested                                                                    
that if  the formula  was not put  into the  constitution it                                                                    
would remain a  political sticking point for  years to come.                                                                    
She thought  the formula should be  taken out of the  mix of                                                                    
debate.  She  had  heard about  the  Supreme  Court  ruling.                                                                    
Although it  passed, she wondered  if it was  morally right.                                                                    
There  had  been a  significant  amount  of anger  expressed                                                                    
during public testimony. She was  getting tired of having to                                                                    
call in to  testify. She wanted to see an  end to the issue.                                                                    
She appreciated the members consideration in the matter.                                                                        
                                                                                                                                
Co-Chair  Wilson  reminded  testifiers  that  the  committee                                                                    
would hear further testimony at 5:00 p.m.                                                                                       
                                                                                                                                
10:29:24 AM                                                                                                                   
                                                                                                                                
PAUL RUGLOSKI,  SELF, HOMER (via  teleconference), testified                                                                    
against HB  1005. He was  tired of revisiting the  issue. He                                                                    
fully  supported the  governor and  thought the  legislature                                                                    
should follow  suit. He  wanted a full  PFD. He  thought how                                                                    
the  PFD  would be  funded  in  the  future was  a  separate                                                                    
matter. He wanted the statutory  formula in the constitution                                                                    
leaving  any  changes up  to  the  vote  of the  people.  He                                                                    
supported the  position of Representative Vance  and Senator                                                                    
Mike Shower. He strongly  encouraged the committee to follow                                                                    
the governor's recommendation.                                                                                                  
                                                                                                                                
10:31:23 AM                                                                                                                   
                                                                                                                                
STEPHEN  DUPLANTIS,  SELF, ANCHORAGE  (via  teleconference),                                                                    
opposed HB 1005.  As he understood it, the PFD  was a payout                                                                    
for the mineral rights  on his land. Representative Johnston                                                                    
had asked  whether it was  a sovereign right  that Alaskans                                                                     
receive a  payout. He wondered where  the government's right                                                                    
was to take hold of  the people's mineral rights. He thought                                                                    
the point  of the PFD  was to give  Alaskans a share  of the                                                                    
states  resources.  He mentioned  property taxes  were going                                                                    
up  in  Anchorage.  He thought  the  legislature  needed  to                                                                    
rethink  the  issue.  He  believed  the  legislature  should                                                                    
listen to the  people and encouraged additional  cuts to the                                                                    
state budget. He supported the governor.                                                                                        
                                                                                                                                
10:33:42 AM                                                                                                                   
                                                                                                                                
WILLIAM   TOPEL,  SELF,   ANCHORAGE  (via   teleconference),                                                                    
opposed HB 1005. He thought  it was a bait-and-switch scheme                                                                    
rather than  paying a full  PFD each year. He  urged members                                                                    
to  stop  their  support  for HB  1005  and  redirect  their                                                                    
support to  HB 1002.  He thought  the legislature  needed to                                                                    
pay  a full  PFD annually  as authorized  by Alaska  law. He                                                                    
referred to  his previous written testimony  dated March 24,                                                                    
2019 for  further insights as  to why the  continued capping                                                                    
of Alaskans   PFDs was more detrimental  to Alaskas  economy                                                                    
than other  forms of taxation.  He asked members to  vote no                                                                    
on HB 1005 and yes on HB 1002.                                                                                                  
                                                                                                                                
10:35:23 AM                                                                                                                   
                                                                                                                                
TERESA STORCH,  SELF, KODIAK (via teleconference),  spoke in                                                                    
opposition to HB 1005. She  thought the bill was essentially                                                                    
to  help  bail  out  the oil  companies  for  unconscionable                                                                    
actions and  bad business practices.  She felt that  the oil                                                                    
companies had  the State  of Alaska over  a barrel.  She did                                                                    
not support  PFD cuts.  She stressed  that the  middle class                                                                    
was disappearing. She  shared that the PFD  was critical for                                                                    
individuals raising  children in  rural Alaska.  She thought                                                                    
many  people   were  leaving   the  state.   She  referenced                                                                    
individuals considering how  they were going to  make it due                                                                    
to cuts. She  wondered if the idea was to  have only wealthy                                                                    
people in the state.                                                                                                            
                                                                                                                                
10:38:40 AM                                                                                                                   
                                                                                                                                
ABBY ST. CLAIR, SELF,  WASILLA (via teleconference), opposed                                                                    
HB  1005 because  it changed  future statutory  calculations                                                                    
from 50  percent of  the income available  to 25  percent as                                                                    
written  in Section  4 of  the  bill. She  shared that  many                                                                    
Alaskans were on  a fixed income and relied on  the PFD. She                                                                    
asked for  the removal of Section  4 to keep the  formula at                                                                    
50 percent.                                                                                                                     
                                                                                                                                
10:40:02 AM                                                                                                                   
                                                                                                                                
JENNIE  KATCHATAG,  SELF,  UNALAKEET  (via  teleconference),                                                                    
testified  in opposition  of B  1005. She  supported a  full                                                                    
PFD.  She  thought the  legislature  should  put the  people                                                                    
first. She  supported HB 1002.  She thought  the legislature                                                                    
was trying to steal money from future generations.                                                                              
                                                                                                                                
10:41:28 AM                                                                                                                   
                                                                                                                                
DIANE MACRAE, SELF,  ANCHORAGE (via teleconference), opposed                                                                    
HB 1005. She supported HB  1002. She thought the legislature                                                                    
wanted to take  money from the PFD to  cover increased state                                                                    
spending.  She  shared  personal information  about  medical                                                                    
costs.  She supported  the governor  and wanted  to cut  the                                                                    
waste.  She often  spent the  PFD on  her husband's  medical                                                                    
needs. She  did not support socialized  medicine. She wanted                                                                    
a smaller, respectful government.  She supported putting the                                                                    
PFD formula in the constitution.                                                                                                
                                                                                                                                
10:44:28 AM                                                                                                                   
                                                                                                                                
ANNA   WALTERS,   SELF,  ANCHORAGE   (via   teleconference),                                                                    
testified  in  opposition to  HB  1005.  The Permanent  Fund                                                                    
Dividend was  used for  things like  fuel to  enable hunting                                                                    
for  food.  She  was  against the  proposed  change  to  the                                                                    
formula. She thanked  members for the chance  to provide her                                                                    
testimony.                                                                                                                      
                                                                                                                                
10:45:27 AM                                                                                                                   
                                                                                                                                
GARET ABBOT,  SELF, KETCHIKAN (via teleconference),  did not                                                                    
support the  legislation. He believed  a cap on the  PFD was                                                                    
essentially a regressive and unfair  tax on Alaskans. He was                                                                    
opposed to  the proposed  statutory changes to  the dividend                                                                    
formula. He urged  the legislature to fully  restore the PFD                                                                    
and sever the PFD from the state budget process altogether.                                                                     
                                                                                                                                
10:46:54 AM                                                                                                                   
                                                                                                                                
AMONTE  WALLACE,   SELF,  ANCHORAGE   (via  teleconference),                                                                    
testified  against  HB 1005.  She  had  been a  resident  of                                                                    
Alaska since  1980. She  spoke to  the effectiveness  of the                                                                    
PFD  formula  in  use  for  over  40  years.  She  supported                                                                    
HB 1002. She supported  the governor and wanted  a full PFD.                                                                    
She encouraged the  legislature to cut the  budget and avoid                                                                    
another  special  session.  She  urged  members  to  support                                                                    
HB 1002.                                                                                                                        
                                                                                                                                
10:48:27 AM                                                                                                                   
                                                                                                                                
FRANCES BENNETT,  SELF, ANCHORAGE (via  teleconference), did                                                                    
not  support the  bill. She  thought the  legislature should                                                                    
start making the hard decisions  about cutting programs. She                                                                    
was aware the choices would  be difficult but necessary. She                                                                    
noted the legislature had spent  $14 billion from the CBR in                                                                    
the last  number of years and  believed it was time  to make                                                                    
the tough decisions. She thanked the committee.                                                                                 
                                                                                                                                
10:49:59 AM                                                                                                                   
                                                                                                                                
LORRAINE  ERGNATY,   SELF,  WASILLA   (via  teleconference),                                                                    
opposed  HB 1005  and supported  HB 1002.  She had  children                                                                    
with college  loans that  needed to be  paid. She  hoped the                                                                    
legislature would do the right thing.                                                                                           
                                                                                                                                
10:50:51 AM                                                                                                                   
                                                                                                                                
GORDON JOHNSON, SELF, JUNEAU  (via teleconference), spoke in                                                                    
opposition of  HB 1005. He  supported HB 1002. He  voted for                                                                    
Governor Dunleavy  to protect  the PFD  and to  enact fiscal                                                                    
responsibility.                                                                                                                 
                                                                                                                                
10:51:31 AM                                                                                                                   
                                                                                                                                
MAYNARD   WILLBURN,   SELF,  CRAIG   (via   teleconference),                                                                    
testified against HB  1005. He thought the  bill would allow                                                                    
the  legislature  to  overfund   the  budget.  He  supported                                                                    
HB 1002, HB  1003, and  HB 1004 -  bills that  would protect                                                                    
the  Permanent  Fund.  He supported  the  governor  and  his                                                                    
effort to  maintain a  full PFD payout.  He asked  about the                                                                    
actions of Governor Walker around the PFD.                                                                                      
                                                                                                                                
Co-Chair  Wilson replied  that in  the first  two years  the                                                                    
money that had not been paid out  was kept in the ERA and in                                                                    
the third year it had been spent on government services.                                                                        
                                                                                                                                
Mr.  Willburn continued  that he  wanted the  Permanent Fund                                                                    
protected. He thanked the committee.                                                                                            
                                                                                                                                
10:54:42 AM                                                                                                                   
                                                                                                                                
SALLY  JOHNSON, SELF,  PALMER (via  teleconference), opposed                                                                    
HB  1005. She  thought  it  was not  for  legislators to  be                                                                    
considering.  She stressed  it was  the people's  money. She                                                                    
supported cuts  to the  budget, not  the PFD.  She supported                                                                    
protecting  the  PFD  in  the  constitution.  She  supported                                                                    
HB 1002. She  did not like having  to call over and  over to                                                                    
testify  on  the  same  point.   She  thought  there  was  a                                                                    
significant amount of government waste.                                                                                         
                                                                                                                                
10:55:54 AM                                                                                                                   
                                                                                                                                
TIMOTHY  INGRAHAM, SELF,  NORTH  POLE (via  teleconference),                                                                    
was  against the  bill. He  wanted a  full PFD.  He did  not                                                                    
support putting money into the  hands of the legislature. He                                                                    
strongly supported HB 1002.                                                                                                     
                                                                                                                                
10:57:30 AM                                                                                                                   
                                                                                                                                
ANTOINETTE  BRADLEY,  SELF,  WASILLA  (via  teleconference),                                                                    
opposed the legislation.  She did not support  any bill that                                                                    
would steal from Alaskans. She  supported cuts to the budget                                                                    
and thought the legislature  had wasted millions of dollars.                                                                    
She did  not believe  the legislature  was listening  to the                                                                    
people. She  did not  trust the  legislature. She  asked the                                                                    
legislature to restore  the PFD that had been  stolen by the                                                                    
former  administration.  She  thought  the  legislature  was                                                                    
wasting the public's time.                                                                                                      
                                                                                                                                
10:59:03 AM                                                                                                                   
                                                                                                                                
DARYL  SCHIERHOLT,   SELF,  WASILLA   (via  teleconference),                                                                    
opposed  HB 1005.  He wanted  the PFD  left alone.  He urged                                                                    
members to  support the governor.  He asked  the legislature                                                                    
to do  its job  and cut  the budget.  He did  not appreciate                                                                    
having to call in multiple times on the same issue.                                                                             
                                                                                                                                
11:00:06 AM                                                                                                                   
                                                                                                                                
LLOYD    DAN    HOLLINGSWORTH,    SELF,    ANCHORAGE    (via                                                                    
teleconference),   spoke  against   HB  1005.   However,  he                                                                    
supported HB  1002. He thought the  legislature should learn                                                                    
how to run  a business and become familiar  with the concept                                                                    
of  not spending  money  it  did not  have.  He provided  an                                                                    
example of excessive  spending   a sewer  project in Ugashik                                                                    
that served  only 12  people requiring  regular maintenance.                                                                    
He  did  not  think  a   sewer  system  for  12  people  was                                                                    
necessary.  He  reiterated his  opposition  to  HB 1005.  He                                                                    
urged members to spend money wisely.                                                                                            
                                                                                                                                
11:01:29 AM                                                                                                                   
                                                                                                                                
EDWARD  BIAS, SELF,  PALMER  (via  teleconference), did  not                                                                    
support  HB  1005.  He indicated  Alaskans  voted  for  Mike                                                                    
Dunleavy for a reason. He was in full support of HB 1002.                                                                       
                                                                                                                                
11:02:18 AM                                                                                                                   
                                                                                                                                
KELLEY CIZEK,  SELF, SOLDOTNA (via  teleconference), opposed                                                                    
HB 1005. She asked when the  public could call in to testify                                                                    
on HB 1002.                                                                                                                     
                                                                                                                                
Co-Chair  Wilson clarified  that HB  1002 was  not currently                                                                    
before the  House Finance Committee. The  bill was currently                                                                    
before the House State Affairs Committee.                                                                                       
                                                                                                                                
Ms. Cizek  asked when the bill  would be heard in  the House                                                                    
Finance committee.                                                                                                              
                                                                                                                                
Co-Chair  Wilson   replied  that  once  the   House  Finance                                                                    
Committee received the bill a hearing would be noticed.                                                                         
                                                                                                                                
Ms. Cizek  asked if the  current bill had gone  before other                                                                    
committees.                                                                                                                     
                                                                                                                                
Co-Chair  Wilson responded  that  the Speaker  of the  House                                                                    
assigned committees for each bill.  She invited Ms. Cizek to                                                                    
offer her testimony on HB 1005.                                                                                                 
                                                                                                                                
Ms. Cizek  was opposed  to HB 1005.  She did  not appreciate                                                                    
having  to call  in multiple  times on  the same  issue. She                                                                    
thought the  session allowed  the legislature  to circumvent                                                                    
the  normal process.  She thought  the  current process  was                                                                    
sneaky. She  did not have  confidence the  legislature would                                                                    
vote  the  way the  people  wanted.  She thought  they  were                                                                    
trying to  take Alaskans   money by  taking their  PFDs. She                                                                    
reiterated her  frustration with  having to  be on  hold for                                                                    
more than 1.5 hours.                                                                                                            
                                                                                                                                
11:06:00 AM                                                                                                                   
                                                                                                                                
VIKKI JO KENNEDY, SELF, JUNEAU,  did not support funding the                                                                    
Alaska  Aerospace Corporation.  She did  not support  taking                                                                    
money from  the PFD. She was  opposed to HB 1005.  She fully                                                                    
supported Representative Vance's  legislation [HB 1002]. She                                                                    
urged  members to  get their  job  done and  to protect  the                                                                    
people's PFDs.                                                                                                                  
                                                                                                                                
11:08:46 AM                                                                                                                   
                                                                                                                                
Co-Chair   Wilson  clarified   that  the   Alaska  Aerospace                                                                    
Corporation did not have any funding in the current budget.                                                                     
                                                                                                                                
Ms. Kennedy thought it was on page 25 of HB 39.                                                                                 
                                                                                                                                
11:09:19 AM                                                                                                                   
                                                                                                                                
GREG COLLINS,  SELF, HOMER (via teleconference),  voiced his                                                                    
strong opposition  to HB  1005. He  believed members  of the                                                                    
legislature thought they knew how  to spend his money better                                                                    
than he  did. He was  a small  business person. He  spoke of                                                                    
the benefits  to the  economy resulting  from the  PFD. Many                                                                    
people  benefited from  receiving  their  PFD. He  advocated                                                                    
that  Alaskans should  be allowed  to spend  their money  as                                                                    
they saw fit. He strongly opposed HB 1005.                                                                                      
                                                                                                                                
11:11:14 AM                                                                                                                   
                                                                                                                                
JAMES GENTRY, SELF,  ANCHORAGE (via teleconference), opposed                                                                    
HB 1005.  He was  a disabled Veteran  and really  counted on                                                                    
his PFD  check every year.  He supported HB 1002  and wanted                                                                    
to  see   the  original  formula  placed   into  the  Alaska                                                                    
Constitution. He  did not  appreciate having  to be  on hold                                                                    
for so long. He urged members  to leave the PFD alone and to                                                                    
cut the budget.                                                                                                                 
                                                                                                                                
11:12:11 AM                                                                                                                   
                                                                                                                                
COLIWITICHEC GENTRY,  SELF, ANCHORAGE  (via teleconference),                                                                    
spoke  in  opposition to  HB  1005.  She supported  Governor                                                                    
Dunleavy. She wanted the PFD  formula placed into the Alaska                                                                    
Constitution so  that legislators could not  make changes to                                                                    
it without the voice of the people.                                                                                             
                                                                                                                                
11:13:09 AM                                                                                                                   
                                                                                                                                
KIMBERLY    CLARK-THIRY,    SELF,    ANCHOR    POINT    (via                                                                    
teleconference),  was  strongly  against HB  1005.  She  was                                                                    
tired of having to call in  to testify on the issue. She did                                                                    
not support  taking the PFD  away from the people  and using                                                                    
it to fund  the government budget. It  was her understanding                                                                    
that the  PFD was  not part  of the  budget. She  asked what                                                                    
would happen  when the PFD  was gone. She stressed  that the                                                                    
people  were tired  of  representatives  ignoring what  they                                                                    
were saying.  She asked  the legislature to  do the  will of                                                                    
the  people  and  pay  a  full  PFD.  She  also  wanted  the                                                                    
legislature to pay  back past PFDs and to  place the formula                                                                    
into the  constitution. She urged members  to get government                                                                    
spending  under control.  She reiterated  her opposition  to                                                                    
HB 1005,  her  support for  HB  1002,  and her  support  for                                                                    
Governor Dunleavy.                                                                                                              
                                                                                                                                
11:16:12 AM                                                                                                                   
                                                                                                                                
CORBIN  ARNO, SELF,  HOMER  (via teleconference),  testified                                                                    
against HB  1005. He  thought state  spending needed  to get                                                                    
under  control  before   the  legislature  started  stealing                                                                    
people's money. He thought it was  the time for the state to                                                                    
live within its means. He stated  that the PFD money was not                                                                    
for  the  legislature  to  spend.  He  thought  it  was  the                                                                    
people's  money. He  hoped the  legislature listened  to the                                                                    
people of Alaska.                                                                                                               
                                                                                                                                
11:17:30 AM                                                                                                                   
                                                                                                                                
LYNN  LOWREY, SELF,  WASILLA (via  teleconference), reported                                                                    
that it was her third time  testifying on the issue. She was                                                                    
opposed  to any  change  to the  PFD.  She strongly  opposed                                                                    
HB 1005,  as  she  saw  it as  a  bait-and-switch  piece  of                                                                    
legislation. She stated  it was expensive to  live in Alaska                                                                    
and the PFD gave people extra  help. She needed the money to                                                                    
live. She  supported the  governor and  HB 1002.  She wanted                                                                    
the  legislature to  do right  by  the Alaskan  people -  to                                                                    
restore the people's PFDs.                                                                                                      
                                                                                                                                
11:19:34 AM                                                                                                                   
                                                                                                                                
BILL IVERSON, SELF, SOLDOTNA  (via teleconference), spoke in                                                                    
opposition of HB 1005. He noted  his support for HB 1002. He                                                                    
did not want to have to  call in again to testify in support                                                                    
of  HB  1002.  He  suggested   that  the  economy  had  been                                                                    
significantly hurt  by the theft  of the PFD to  the Alaskan                                                                    
economy.  He  hoped  to  see  the  legislature  take  fiscal                                                                    
responsibility and  to get  its house  in order.  He thanked                                                                    
the committee.                                                                                                                  
                                                                                                                                
11:20:35 AM                                                                                                                   
                                                                                                                                
VIVIAN SWANSON,  SELF, SOLDOTNA (via  teleconference), spoke                                                                    
in opposition to HB 1005. She  was a retired citizen and was                                                                    
receiving Social  Security monies.  She depended on  her PFD                                                                    
each year.  She did  not want  any changes  made to  the PFD                                                                    
without a vote  of the people. She wanted to  receive a full                                                                    
PFD currently and  in years to come. She  voted for Governor                                                                    
Dunleavy  because  she  believed  he  would  help  save  the                                                                    
Permanent Fund.                                                                                                                 
                                                                                                                                
11:21:44 AM                                                                                                                   
                                                                                                                                
WILLIAM BROWN,  SELF, WASILLA (via  teleconference), opposed                                                                    
HB 1005.  He was a  business owner. Every year  he witnessed                                                                    
the  legislature  taking the  people's  PFDs.  He asked  the                                                                    
committee to  stop trying to  take Alaskan's PFDs.  He urged                                                                    
members to shrink the budget.                                                                                                   
                                                                                                                                
11:22:59 AM                                                                                                                   
                                                                                                                                
FAYE  SARREN, SELF,  ANCHORAGE  (via teleconference),  spoke                                                                    
against  HB 1005.  She voted  for Governor  Dunleavy because                                                                    
she trusted him,  unlike the legislature. She  did not think                                                                    
he  would  take  money  from   Alaskans.  She  implored  the                                                                    
legislature to quit  trying to take the  people's money away                                                                    
from them.                                                                                                                      
                                                                                                                                
11:24:25 AM                                                                                                                   
                                                                                                                                
MICHAEL DUKES,  SELF, WASILLA (via  teleconference), opposed                                                                    
HB  1005. He  supported HB  1002 that  he believed  had been                                                                    
buried  by  the House  Majority.  He  believed part  of  the                                                                    
problem  was  that  the  legislature  had  an  addiction  to                                                                    
spending. He  noted the  $14 billion that  was spent  over 4                                                                    
years  from  the CBR.  He  argued  that state  spending  was                                                                    
unsustainable. He  disagreed with the inference  of either a                                                                    
PFD or a  tax, or a PFD  or the government -  he believed it                                                                    
was  a  false choice.  He  thought  taking  the PFD  in  the                                                                    
previous  3 years  had  been  a tax  on  every Alaskan.  The                                                                    
Alaskans that  felt the effects  of the reductions  the most                                                                    
were  the ones  in the  lowest 50  percentile of  the income                                                                    
bracket. He noted that every  year the legislature had taken                                                                    
the dividend,  8 percent of  Alaskans had been  pushed below                                                                    
the poverty  line. He thought the  actions were unforgivable                                                                    
and unsustainable - continuing to  bulk up government on the                                                                    
backs  of  some of  the  lowest  income earners  in  Alaska.                                                                    
Currently, the government already  received the lion's share                                                                    
of all  of the money.  State government already  received 75                                                                    
percent of  all oil royalties  and 100 percent  of corporate                                                                    
taxes and  property taxes. The  state also took half  of the                                                                    
remaining 25  percent of royalties  that were  invested. The                                                                    
proposal  in HB  1005  would  take another  half  of the  25                                                                    
percent  of investment  earnings. He  wondered how  much was                                                                    
enough. He wondered  if it would be when the  entire PFD was                                                                    
gone. He  believed eventually  the state  would take  all of                                                                    
the PFD monies and then impose taxes as well.                                                                                   
                                                                                                                                
Mr. Dukes  reiterated that he  thought state  government had                                                                    
an  addiction to  spending. There  was a  danger in  the CBR                                                                    
draw posed  in the bill. It  lent more credence to  the fact                                                                    
that  the  dividend  was  nothing  more  than  a  government                                                                    
payout. The  amounts of the  previous PFDs were in  the ERA.                                                                    
He  argued  that  the  payments belonged  in  the  hands  of                                                                    
Alaskans. There was  a source of funding for the  PFD in the                                                                    
current year.  He also  asked about  what happened  with the                                                                    
bill containing  contingency language.  He thought it  was a                                                                    
problem to  have a contingency,  changing the formula,  as a                                                                    
condition  of  passing  the  bill.   He  asserted  that  the                                                                    
legislature needed to  follow the law. He  argued that there                                                                    
was already a statute in place  and believed HB 1002 was not                                                                    
needed. If there were to be  a change in the PFD formula, he                                                                    
suggested letting the change occur  during a regular session                                                                    
when the people  of Alaska could properly weigh  in. He also                                                                    
believed an  advisory vote of  the people was  necessary. He                                                                    
believed about 80 percent of  Alaskans would oppose a change                                                                    
to the  formula, similar to  a previous advisory  vote taken                                                                    
in 1999.                                                                                                                        
                                                                                                                                
11:28:11 AM                                                                                                                   
                                                                                                                                
DEBRA  KUSE, SELF,  WASILLA (via  teleconference), spoke  in                                                                    
opposition  to  HB  1005. She  supported  the  governor  and                                                                    
Representative  David   Eastman.  She  wanted  to   see  the                                                                    
legislature stay  on budget. She did  not believe government                                                                    
should be touching money that did  not belong to it. She was                                                                    
disappointed there had been no  special session in Palmer or                                                                    
Wasilla.  She was  part of  the working  poor who  could not                                                                    
make  it to  Juneau during  session. She  believed elections                                                                    
belonged to  the people. She  was disappointed that  she had                                                                    
to  call  in to  testify.  She  quoted Abraham  Lincoln  who                                                                    
stated  that elections  belonged to  the people.  She wanted                                                                    
the legislature to let the people decide.                                                                                       
                                                                                                                                
11:30:55 AM                                                                                                                   
                                                                                                                                
DEAN  CAMERY, SELF,  EAGLE RIVER  (via teleconference),  was                                                                    
opposed to HB 1005. He  was very disappointed with the House                                                                    
of  Representatives. He  argued  that  legislators were  not                                                                    
elected to  join coalitions. Since  the House  coalition was                                                                    
formed members  had been trying  to govern against  the will                                                                    
of the people.  He was one of the 146,000  people that voted                                                                    
for Governor  Dunleavy to  get the  state's fiscal  house in                                                                    
order and to get the Permanent  Fund out of the hands of the                                                                    
legislature.  He  wanted  legislators' greedy  paws  off  of                                                                    
money  belonging  to  Alaskans.  He believed  a  close  door                                                                    
session in  which members examined  their conscience  and to                                                                    
do what was  right for the State of Alaska.  He restated his                                                                    
opposition to HB 1005.                                                                                                          
                                                                                                                                
11:32:46 AM                                                                                                                   
                                                                                                                                
BARBARA  BAUGHN-BOOKEY,  SELF, KENAI  (via  teleconference),                                                                    
was opposed  to HB  1005. She  voted for  Governor Dunleavy.                                                                    
She expected the budget to be  reduced and the PFD not to be                                                                    
touched.  She expected  a full  payout  including the  prior                                                                    
years that were  taken from Alaskans. It  would allow people                                                                    
to stay  afloat. She noted  some good  uses of the  PFD. the                                                                    
PFD allowed her to put appropriate  tires on her car for the                                                                    
winter and  other essential things.  She mentioned  that she                                                                    
had seen many people leave  the state. She thought the state                                                                    
was  a  difficult  state  to live  in.  The  Permanent  Fund                                                                    
Dividend helped to  subsidize the cost of  living in Alaska.                                                                    
She supported HB 1002, HB 1003, and HB 1004.                                                                                    
                                                                                                                                
11:35:06 AM                                                                                                                   
                                                                                                                                
SHARON   GHERMAN,  SELF,   SOLDOTNA  (via   teleconference),                                                                    
strongly  opposed  HB  1005.  She  was  aware  of  what  the                                                                    
intention  of  the  PFD  was because  she  had  spoken  with                                                                    
Governor  Hammond years  prior  who had  told  her that  the                                                                    
legislature would spend, and the  PFD would disappear unless                                                                    
the  people of  Alaska controlled  it. Alaska  was the  only                                                                    
state  that provided  ownership of  income from  its natural                                                                    
resources. She  supported Governor  Dunleavy because  of his                                                                    
plan  to  refund  the  PFD  monies  previously  stolen  from                                                                    
Alaskans.  She also  believed the  formula should  be placed                                                                    
into  the  Alaska  Constitution.   She  did  not  think  the                                                                    
legislature had  the right  to take  the dividend  away from                                                                    
the  people.  She  advocated  for   a  balanced  budget  and                                                                    
additional cuts.  The issue was  not about  whether citizens                                                                    
needed the PFD  money more than state government.  It had to                                                                    
do with  whether the legislature  had the right to  take the                                                                    
PFD. She  opined that the  legislature did not have  a legal                                                                    
or moral  right to  do so. She  expected the  legislature to                                                                    
honor the will of Alaska's people.                                                                                              
                                                                                                                                
11:36:52 AM                                                                                                                   
                                                                                                                                
BILL PRICE, SELF, WASILLA  (via teleconference), was against                                                                    
HB  1005. He  thought the  legislature was  taking from  the                                                                    
people. He reasoned that taking  the PFD was a tax, although                                                                    
the legislature  was pretending that  it was not.  He argued                                                                    
that the  PFD was  not a socialist  payment. He  thought the                                                                    
legislature was not  willing to cut. He  believed taking the                                                                    
PFD was  dishonest. He hoped  the legislature  was listening                                                                    
to the public.                                                                                                                  
                                                                                                                                
11:40:16 AM                                                                                                                   
                                                                                                                                
CLEM  TILLION,  CHAIR,  PFD  DEFENDERS,  HALIBUT  COVE  (via                                                                    
teleconference),  shared that  he was  the Senate  President                                                                    
when the Permanent Fund was  established. He recalled having                                                                    
to get the  troopers to bring 2 state  senators in handcuffs                                                                    
to the floor to get the  legislation passed. There was a law                                                                    
in place that the legislature  has been afraid to change. He                                                                    
wished the legislature  would obey the law and  pay the PFD.                                                                    
He agreed that any raid on  the Permanent Fund was a tax. He                                                                    
thought it  was unfair to  take $1000  away from a  woman in                                                                    
Emmonak and not  charge a guy that comes up  to fish or work                                                                    
on the  North Slope.  He asked the  legislature to  obey the                                                                    
law. He opined  that the legislature was  wasting 75 percent                                                                    
of  the bonuses  and  royalties that  should  be treated  as                                                                    
principle  and  invested.  He argued  that  the  legislature                                                                    
should never  spend principle monies,  only monies  from the                                                                    
ERA. He relayed  that the 25 percent that was  set aside for                                                                    
the  people did  not go  into the  general fund,  rather, it                                                                    
went  to the  Alaska Permanent  Fund Corporation  (APFC). He                                                                    
closed his testimony by saying, "Just obey the law."                                                                            
                                                                                                                                
11:41:57 AM                                                                                                                   
                                                                                                                                
JOSEPH WARD, SELF, PALMER (via teleconference), opposed HB                                                                      
1005.  He was  a third  generation Alaskan.  He supported  a                                                                    
full PFD.  He shared personal information  about his child's                                                                    
mental illness. He spoke of how  the PFD would help him with                                                                    
basic needs.  He indicated  the extra  income was  needed to                                                                    
sustain  the  Alaska  way  of life.  It  was  becoming  more                                                                    
difficult to  hunt and fish  which helped to  offset income.                                                                    
He spoke of  the high costs associated with  getting food in                                                                    
Alaska. He believed that if  the formula were to be changed,                                                                    
Alaskans should get to weigh in and vote on the issue.                                                                          
                                                                                                                                
11:44:05 AM                                                                                                                   
                                                                                                                                
DAVID  WITT, SELF,  PALMER  (via  teleconference), spoke  in                                                                    
opposition of  HB 1005. He encouraged  legislators to follow                                                                    
the will of  the people. He spoke of an  issue around Social                                                                    
Security  which he  thought was  similar to  Governor Walker                                                                    
not  paying a  full dividend.  He relayed  that HB  1002 was                                                                    
buried  in  committee  because the  House  Speaker  had  not                                                                    
wanted   to  advance   the  legislation.   He  thought   the                                                                    
legislature's  party politics  were despicable.  He believed                                                                    
the  legislature  was  not  listening   to  the  people.  He                                                                    
implored the  legislature to do  the will of the  people and                                                                    
to  provide  a  full  PFD. He  opined  that  the  bipartisan                                                                    
coalition was  thwarting what  Governor Dunleavy  was trying                                                                    
to do. He asked members to stop playing partisan politics.                                                                      
                                                                                                                                
11:49:14 AM                                                                                                                   
                                                                                                                                
MORMA  HARRISON-DAVIS,  SELF, PALMER  (via  teleconference),                                                                    
testified against HB 1005. She  did not believe much thought                                                                    
had gone  into the bill.  She explained that because  of the                                                                    
current climate of  the oil industry oil  prices could shoot                                                                    
up  to $150  per barrel  significantly changing  the state's                                                                    
revenue. She did not want the  state to be stuck with a bill                                                                    
that took  half of  the people's  money and  gave it  to the                                                                    
legislature to  spend. giving the legislature  more money to                                                                    
spend. She was in favor  of the existing formula. She stated                                                                    
the money  was not  the issue.  She thought  the legislature                                                                    
did not  have the right  to make  changes to the  formula or                                                                    
the PFD.  She believed the  issue needed  to be voted  on by                                                                    
the  people  of  Alaska.  She  was  disappointed  that  more                                                                    
thought had not gone into the bill.                                                                                             
                                                                                                                                
Co-Chair  Wilson  replied that  the  bill  would change  the                                                                    
current  formula. There  was nothing  that  stated that  the                                                                    
issue  could  not   go  to  the  people  for   a  vote.  The                                                                    
legislature did  not have  any constitutional  amendments on                                                                    
the agenda for the special session.                                                                                             
                                                                                                                                
Ms. Harrison-Davis asked about the  50 percent in the future                                                                    
as laid out  in the bill. She wondered if  anything would be                                                                    
allowed if the price of oil went up drastically.                                                                                
                                                                                                                                
Co-Chair Wilson replied  that there would be  a guarantee in                                                                    
statute.  There would  be nothing  stopping the  legislature                                                                    
from  doing  what  Governor  Palin   did  when  she  gave  a                                                                    
supplemental PFD.                                                                                                               
                                                                                                                                
Ms. Harrison-Davis clarified that  she was not talking about                                                                    
a supplemental, but rather the bill itself.                                                                                     
                                                                                                                                
Co-Chair Wilson explained that it  would change the statute.                                                                    
It would take the passage of another bill for it to happen.                                                                     
                                                                                                                                
Ms.  Harrison-Davis did  not believe  the  process had  been                                                                    
thought through. She disagreed  with the bill. She supported                                                                    
the original intent  of the formula. She stated  that if the                                                                    
legislature could  not make  cuts it  needed to  implement a                                                                    
tax.                                                                                                                            
                                                                                                                                
11:53:22 AM                                                                                                                   
                                                                                                                                
GEORGE PIERCE,  SELF, KASILOF (via  teleconference), opposed                                                                    
HB 1005. He  thought the cuts were on the  people. He wanted                                                                    
the legislature  to leave the  PFD alone. He  disagreed with                                                                    
paying  the oil  companies $1.2  billion in  subsidies while                                                                    
the legislature  could not payout  the dividend.  He advised                                                                    
members to  leave the PFD alone.  He urged them to  do their                                                                    
job in  representing Alaskans. He  asked the  legislature to                                                                    
recoup Alaska's  fair share of  oil. He argued that  the PFD                                                                    
need protection  for legislators.  Although he did  not vote                                                                    
for Governor  Dunleavy, he  supported his  cuts. He  did not                                                                    
believe the  legislature had cut  deeply enough.  He thought                                                                    
the legislature was exercising wasteful spending.                                                                               
                                                                                                                                
11:56:22 AM                                                                                                                   
                                                                                                                                
RAYMOND  HILL, SELF,  ANCHORAGE (via  teleconference), spoke                                                                    
against HB  1005. He  spoke of  the high  cost of  living in                                                                    
Alaska and  the help the  PFD provided  for he and  his wife                                                                    
each  year.   He  thought   the  government   kept  creating                                                                    
additional programs  which expanded  the state's  budget. He                                                                    
stressed  the importance  of the  state not  spending beyond                                                                    
its means. It  was not possible to spend  beyond the state's                                                                    
means.  He suggested  going to  the Native  corporations for                                                                    
additional monies.  He reiterated the importance  of the PFD                                                                    
to  him  personally.  He  supported  Governor  Dunleavy  and                                                                    
thought the  PFD needed  to be restored  and left  alone. He                                                                    
thanked members for their time.                                                                                                 
                                                                                                                                
11:59:39 AM                                                                                                                   
                                                                                                                                
NANCY  HILL,  SELF,   ANCHORAGE  (via  teleconference),  was                                                                    
opposed  to HB  1005. She  highlighted the  use of  the word                                                                    
"permanent." She wanted a full restoration of the PFD.                                                                          
                                                                                                                                
12:00:19 PM                                                                                                                   
                                                                                                                                
LYNDA MYERS, SELF, ANCHORAGE  (via teleconference), spoke in                                                                    
opposition to HB  1005. She supported the  governor. She did                                                                    
not support the legislature  stealing money from the people.                                                                    
She advocated exercising her opinion  in the ballot box. She                                                                    
had  been waiting  to testify  for  more than  2 hours.  She                                                                    
echoed  the statements  by past  callers. She  supported the                                                                    
idea of  the public being paid  back for the PFD  money they                                                                    
were not paid  over the previous few years.  She thought the                                                                    
state favored oil companies. She  encouraged people to stand                                                                    
up to  legislators running  for office. She  spoke of  a PFD                                                                    
issue  her family  experienced.  She  encouraged members  to                                                                    
listen to the people.                                                                                                           
                                                                                                                                
Co-Chair   Wilson   indicated   the   committee   would   be                                                                    
reconvening at 5:00 P.M. to continue with public testimony.                                                                     
                                                                                                                                
The meeting was RECESSED to the Call of the Chair.                                                                              
                                                                                                                                
12:04:28 PM                                                                                                                   
RECESSED                                                                                                                        
                                                                                                                                
4:59:33 PM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair  Wilson   indicated  that   there  had   been  some                                                                    
misinformation floating around. She  clarified that the bill                                                                    
provided a full  dividend of $3000 and proposed  a change to                                                                    
the  dividend  formula  in future  years.  In  crafting  the                                                                    
legislation, she  started by using  the prior  dividend. She                                                                    
would  continue  to  work  on  the  bill  in  committee  and                                                                    
provided a  time to hear  amendments. She reported  that the                                                                    
administration  had  reached  out   and  was  not  providing                                                                    
accurate  information to  her  constituents. She  reiterated                                                                    
the  intent of  the bill  and suggested  that sometimes  the                                                                    
process  was  difficult. She  thanked  Alaskans  for all  of                                                                    
their input, as it was important to hear it.                                                                                    
                                                                                                                                
5:01:37 PM                                                                                                                    
                                                                                                                                
DR.    DIANA   CHADWELL,    SELF,   DELTA    JUNCTION   (via                                                                    
teleconference),  spoke  in  opposition   of  HB  1005.  She                                                                    
stressed the  importance of putting  the issue to a  vote of                                                                    
the people.  She asserted that  Governor Walker  stole money                                                                    
from  Alaskans and  should  be  responsible for  reimbursing                                                                    
them. She  mentioned people  on Social  Security Disability.                                                                    
She  also  noted a  50/50  rule.  She  thought the  PFD  was                                                                    
established by very  wise men who had passed  on. There were                                                                    
fines  and  penalties for  people  who  broke the  law.  She                                                                    
expected the  legislature to hold  a person  responsible for                                                                    
their actions.  She urged members  not to pass HB  1005. She                                                                    
referred to the original founding documentation of the PFD.                                                                     
                                                                                                                                
5:04:31 PM                                                                                                                    
                                                                                                                                
PATRICK    SCHLICTING,    SELF,    DELTA    JUNCTION    (via                                                                    
teleconference), spoke  in favor  of HB  1005. He  had lived                                                                    
through  the  previous 3  years  of  reductions to  the  PFD                                                                    
payout. He  could not believe he  lived in a state  that did                                                                    
not require or  impose an income tax  or another broad-based                                                                    
tax. The money that was part  of the reduced dividend was an                                                                    
investment  in  state services  in  lieu  of taxes.  He  was                                                                    
astounded at  the governor's  proposed budget.  He suggested                                                                    
that Governor  Dunleavy bought the  election by  pledging to                                                                    
give money that  was not his to give.  He suggested reducing                                                                    
the  percentage for  dividends to  20 percent.  He was  okay                                                                    
with  the legislature  paying out  reduced dividends  in the                                                                    
current year  using the new  formula specified in  the bill.                                                                    
He thought the amount would remain generous.                                                                                    
                                                                                                                                
5:06:43 PM                                                                                                                    
                                                                                                                                
GARVAN  BUCARIA, SELF,  WASILLA (via  teleconference), spoke                                                                    
in  opposition  to  HB  1005.   He  supported  the  original                                                                    
formulation for the  calculation of the PFD.  Any changes to                                                                    
the disposition  of the  PFD should be  subject to  a public                                                                    
referendum. He  noted in Section  4(a) of the bill  that the                                                                    
legislature wanted to spend an  additional quarter of dollar                                                                    
transfers from the Permanent Fund  Earnings Reserve that was                                                                    
available  for distribution.  He  suggested the  legislature                                                                    
should  be  satisfied  with  the   current  split  -  Alaska                                                                    
government versus  Alaska residents. He thought  the House's                                                                    
inability to get  business done early in  the session showed                                                                    
its unwillingness  to be  conservative relative  to spending                                                                    
the Alaska Permanent Fund and oil revenues.                                                                                     
                                                                                                                                
Co-Chair  Wilson asked  if Mr.  Bucaria  would be  satisfied                                                                    
with a referendum.                                                                                                              
                                                                                                                                
Mr. Bucaria responded that a  referendum would give people a                                                                    
chance to see what was going  on. He found that the bill was                                                                    
confusing to understand and that  a referendum might provide                                                                    
additional clarity.                                                                                                             
                                                                                                                                
5:08:48 PM                                                                                                                    
                                                                                                                                
WILLIAM  KENYON, SELF,  CORDOVA (via  teleconference), spoke                                                                    
in support of  HB 1005. He appreciated  participating in the                                                                    
decision  of how  Alaska should  use the  Prudhoe Bay  lease                                                                    
money. The  whole state participated  in thinking  about the                                                                    
future of  Alaska. He relayed  that when the  Permanent Fund                                                                    
was created it was about  future generations. The purpose of                                                                    
the dividend was to keep  the Permanent Fund safe for future                                                                    
generations. The  fund was for  use when needed,  not wasted                                                                    
on grain storage towers in Valdez.                                                                                              
                                                                                                                                
5:09:48 PM                                                                                                                    
                                                                                                                                
LIZ  SENEAR, SELF,  CORDOVA (via  teleconference), supported                                                                    
HB 1005. She  did not support eviscerating  the state budget                                                                    
or  state  services.  She  also  did  not  support  a  $3000                                                                    
dividend or  maintaining a reasonable level  of services and                                                                    
taking  extra  money  from  the  ERA  to  maintain  a  $3000                                                                    
dividend.  She thought  the bill  was a  reasonable approach                                                                    
and  kept   the  dividend  on   the  high  side   with  some                                                                    
reliability. She agreed  with the bill based  on the state's                                                                    
current situation.                                                                                                              
                                                                                                                                
5:11:00 PM                                                                                                                    
                                                                                                                                
HERMAN MORGAN, SELF, ANIAK  (via teleconference), opposed HB                                                                    
1005.  He believed  people  getting less  of  a dividend  by                                                                    
changing  the   formula  would   allow  more   spending  for                                                                    
education  and   the  University.  He  did   not  think  his                                                                    
community was getting its money's  worth. He opined that all                                                                    
the money  the state  spent on Medicaid  could send  it into                                                                    
bankruptcy.  He was  glad the  committee was  hearing public                                                                    
testimony.  He   suggested  the  residency   requirement  to                                                                    
qualify  to receive  a  PFD should  be 2  years,  as he  had                                                                    
concerns about  the United States protecting  its border. He                                                                    
noted having  to keep the liquor  store open to pay  for the                                                                    
swimming  pool in  Bethel. He  advocated cutting  government                                                                    
spending.  He  talked  about bad  things  happening  in  the                                                                    
villages.  He  asked  members  to  give  back  the  people's                                                                    
dividend. He  thought it was  sad that  unqualified teachers                                                                    
were in  the classrooms in  the villages. Children  were not                                                                    
getting a  proper education. He  urged members to  listen to                                                                    
the public. He indicated that  listening to the people would                                                                    
build  trust. He  disagreed with  changing how  the dividend                                                                    
was  paid out.  He urged  taking money  out of  the ERA  and                                                                    
placing it into the corpus of the Permanent Fund.                                                                               
                                                                                                                                
5:17:01 PM                                                                                                                    
                                                                                                                                
ELIZABETH  HOLM,  SELF,  NORTH  POLE  (via  teleconference),                                                                    
understood that HB  1005 would put the state back  on a path                                                                    
to receiving  full PFDs in  the future which  she supported.                                                                    
However, the bill  did not repay Alaskans'  money taken from                                                                    
the  Walker  Administration  used to  grow  government.  She                                                                    
advocated for  additional cuts  to the  budget to  amend the                                                                    
mistakes  of  the  previous  administration.  She  spoke  of                                                                    
Alaskans that  were willing to  give up their PFDs  and were                                                                    
willing  to  be  taxed.  She suggested  that  they  use  the                                                                    
Pick. Click. Give.  option if they  wanted to  support state                                                                    
government further.  She spoke in  support of HB  1002 which                                                                    
included a  full PFD  payment and  back payments  taken from                                                                    
the people. She wanted to  see additional cuts to education,                                                                    
particularly to  charter schools. She urged  members to vote                                                                    
in favor of the repayment of past dividends.                                                                                    
                                                                                                                                
5:18:54 PM                                                                                                                    
                                                                                                                                
KIM  SHORT,  SELF,  HOUSTON  (via  teleconference),  opposed                                                                    
HB 1005. She  thought it  was an  unfair bill.  She believed                                                                    
other things should be cut  rather than the dividend such as                                                                    
legislators'  salaries.  She  wanted to  see  the  residence                                                                    
requirement for  receiving a  PFD expanded  to 5  years. She                                                                    
opposed cutting future dividends  in half. She thought state                                                                    
government should tighten its  belt rather than taking money                                                                    
from  Alaskans. She  wanted  to  see a  vote  of the  people                                                                    
initiated.                                                                                                                      
                                                                                                                                
5:20:41 PM                                                                                                                    
                                                                                                                                
LESLIE   HVAMSTAD,  SELF,   HOUSTON  (via   teleconference),                                                                    
opposed  HB 1005  and any  changes to  the PFD.  She thought                                                                    
state  government had  been wasteful.  She believed  cutting                                                                    
the PFD would be thievery.                                                                                                      
                                                                                                                                
5:21:42 PM                                                                                                                    
                                                                                                                                
WILLIAMS  LAMBERT, SELF,  NORTH  POLE (via  teleconference),                                                                    
spoke  against  HB  1005.  He did  not  support  making  any                                                                    
changes to the  dividend. He wanted to see  the repayment of                                                                    
dividends  plus interest.  He advocated  any changes  to the                                                                    
dividend  or formula  be put  to a  vote of  the people.  He                                                                    
advocated  for the  legislative session  to be  held on  the                                                                    
road system.  He asserted  that HB 1005  was the  worst idea                                                                    
that  he had  ever  heard.  He wanted  to  see the  dividend                                                                    
embedded in  the constitution  and out of  the hands  of the                                                                    
legislature.  He spoke  of  peoples'  vehicles being  broken                                                                    
into.  He  thought the  legislature  was  too protected.  He                                                                    
reiterated his support for the  repayment of past dividends.                                                                    
He strongly opposed HB 1005.                                                                                                    
                                                                                                                                
5:26:04 PM                                                                                                                    
                                                                                                                                
CAROLYN PORTER,  SELF, PALMER (via teleconference),  did not                                                                    
support HB  1005. She spoke  about how critical the  PFD was                                                                    
in  certain  areas  of  Alaska.   She  mentioned  that  many                                                                    
families relied on the dividend  to heat their homes and pay                                                                    
for food. She provided several  other ways in which families                                                                    
utilized the  PFD. She urged  support for HB 1002,  HB 1003,                                                                    
and HB 1004. She opposed HB 1005.                                                                                               
                                                                                                                                
5:28:17 PM                                                                                                                    
                                                                                                                                
CHRISTINE  ROBBINS,  SELF, FAIRBANKS  (via  teleconference),                                                                    
strongly opposed HB 1005. She  thought it was wrong to think                                                                    
the government knew better how  to spend the peoples' money.                                                                    
She believed it was impossible  to have a sustainable budget                                                                    
without  making  reductions. She  noted  the  small size  of                                                                    
Alaska's population  and the large  size of  government. She                                                                    
opposed  HB 1005.  She supported  HB 1002,  HB 1003,  and HB                                                                    
1004.                                                                                                                           
                                                                                                                                
5:30:12 PM                                                                                                                    
                                                                                                                                
MIKE PRAX,  SELF, FAIRBANKS (via  teleconference), adamantly                                                                    
opposed HB 1005. He objected to  Section 1 of the bill where                                                                    
the legislature  was violating the  statute by  drawing less                                                                    
than the  prescribed amount  from the  ERA. In  Section 2(b)                                                                    
the legislature should not be  taking money from the CBR, as                                                                    
the CBR was  not intended to pay dividends.  Rather, the CBR                                                                    
was  intended for  operating expenses.  There was  plenty of                                                                    
funds in  the ERA from  which the dividend should  be taken.                                                                    
He was  especially opposed to  Section 4. He  disagreed with                                                                    
the  contingency  language  accepting  a  reduction  of  the                                                                    
dividend in the future. He  considered the language a bribe.                                                                    
He could  appreciate that there was  some misinformation out                                                                    
in the public.  However, he argued that  the legislature was                                                                    
springing the  information on Alaskans  with very  little to                                                                    
figure  out  the  bill.  He  noted  that  the  governor  had                                                                    
submitted a bill  in plenty of time to  vet the information.                                                                    
However, the  legislature failed  to take  action on  it. He                                                                    
highlighted that for  anyone that did not want  to receive a                                                                    
dividend  they were  free to  give their  check back  to the                                                                    
state. He  reiterated his strong  opposition to HB  1005. He                                                                    
supported HB 1002,  HB 1003, and HB 1004. He  wanted to take                                                                    
as much  money as  possible away  from state  government. He                                                                    
asserted that  it was  the only  way to  get control  of the                                                                    
state's fiscal situation.                                                                                                       
                                                                                                                                
Co-Chair  Wilson noted  that with  the contingency  language                                                                    
there would be an additional bill before the committee.                                                                         
                                                                                                                                
5:33:02 PM                                                                                                                    
                                                                                                                                
SALLY FOLY,  SELF, ANCHORAGE (via teleconference),  spoke in                                                                    
strong  opposition  of  HB  1005.  She  thought  legislators                                                                    
believed they  were untouchable.  She relied  on the  PFD to                                                                    
provide   clothing  for   her  children   every  year.   She                                                                    
reiterated her opposition to the bill.                                                                                          
                                                                                                                                
5:34:15 PM                                                                                                                    
                                                                                                                                
KATHY   MILLER,  SELF,   KENAI  (via   teleconference),  was                                                                    
adamantly opposed  to HB 1005.  She thought Alaska  had done                                                                    
just fine  with the  way the formula  had worked.  She urged                                                                    
additional cuts  to the budget  and to leave the  PFD alone.                                                                    
She mentioned  having a large  family and having  needed the                                                                    
extra money from  the PFD. She encouraged  members to return                                                                    
the past dividends that were withheld.                                                                                          
                                                                                                                                
5:36:14 PM                                                                                                                    
                                                                                                                                
ADAM CARDWELL,  SELF, WILLOW (via  teleconference), strongly                                                                    
opposed  HB 1005.  He commented  on the  unnecessary special                                                                    
sessions that occurred every year.  He advocated getting rid                                                                    
of  government waste.  He thought  oil  companies should  be                                                                    
charged  a larger  royalty. He  hoped the  legislature would                                                                    
leave the PFD alone and act responsibly.                                                                                        
                                                                                                                                
5:38:18 PM                                                                                                                    
                                                                                                                                
CHUCK DERRICK,  SELF, FAIRBANKS (via  teleconference), spoke                                                                    
in opposition  to HB  1005. He wanted  to be  reimbursed for                                                                    
what was taken from him.  He urged legislators to reduce its                                                                    
spending and balance the budget.  He wanted the original PFD                                                                    
formula to stay in place.                                                                                                       
                                                                                                                                
5:39:44 PM                                                                                                                    
                                                                                                                                
JOHN  RATHBUN, SELF,  FAIRBANKS (via  teleconference), spoke                                                                    
in favor  of supporting the  PFD. He  thought HB 1005  was a                                                                    
poor  excuse for  what needed  to  be done  - balancing  the                                                                    
state budget. He  asserted that Alaskans had  been robbed of                                                                    
their royalty  share. He was  disappointed with  the current                                                                    
legislature.  He  opposed HB  1005.  He  posed the  question                                                                    
about how members  would react if their money  was taken. He                                                                    
thought it was time for the state to balance its budget.                                                                        
                                                                                                                                
5:42:50 PM                                                                                                                    
                                                                                                                                
MARK A.  AMES, SELF,  FAIRBANKS (via  teleconference), spoke                                                                    
in  opposition of  HB  1005. He  talked  about 90-10  mining                                                                    
claims and mentioned ANCSA  [Alaska Native Claims Settlement                                                                    
Act]   and   ANILCA    [Alaska   National   Interest   Lands                                                                    
Conservation  Act].  He  thought  a  criminal  investigation                                                                    
should be opened. He strongly  opposed HB 1005. All Alaskans                                                                    
needed  to  pull  their  kids   from  public  education.  He                                                                    
continued to  talk about  the poor  quality of  education in                                                                    
the state.                                                                                                                      
                                                                                                                                
5:46:50 PM                                                                                                                    
                                                                                                                                
DIXIE BANNER,  SELF, WASILLA (via teleconference),  spoke in                                                                    
opposition   of  HB   1005.   She   reminded  members   that                                                                    
legislators were employees. She  argued that the legislature                                                                    
had not  listened to  the public.  She thought  Alaskans had                                                                    
the right to have input on  how the Permanent Fund should be                                                                    
spent.  She thought  the Alaskan  people  were smarter  than                                                                    
legislators. She wanted  to ensure the future  of Alaska was                                                                    
protected.  She  wanted  to  protect  the  young  people  of                                                                    
Alaska. She thought it was sad  to think that Alaska did not                                                                    
have a future. Her grandchildren  had left the state because                                                                    
opportunities   were   lacking.   She  reiterated   that   a                                                                    
legislator was an employee rather than an employer.                                                                             
                                                                                                                                
5:49:33 PM                                                                                                                    
                                                                                                                                
VALERIE  NABINGER,  SELF,  ANCHORAGE  (via  teleconference),                                                                    
opposed  HB  1005.  She  believed any  changes  to  the  PFD                                                                    
formula should be  put to a vote of the  people. She thanked                                                                    
the committee.                                                                                                                  
                                                                                                                                
5:50:22 PM                                                                                                                    
                                                                                                                                
TINA  MINSTER,  SELF,  STERLING  (via  teleconference),  was                                                                    
whole  heartedly against  HB  1005.  She mentioned  Governor                                                                    
Walker taking  money from Alaskans.  She suggested  that the                                                                    
legislation  was sneaky.  She  supported Governor  Dunleavy.                                                                    
She and her family members  had to tighten their budgets and                                                                    
the  state should  as well.  She  argued that  the State  of                                                                    
Alaska  had  no more  money  to  spend. She  reiterated  her                                                                    
opposition for  HB 1005. She  favored a vote of  the people.                                                                    
She spoke of  her church feeding families to  help them make                                                                    
it through difficult times.                                                                                                     
                                                                                                                                
5:53:49 PM                                                                                                                    
                                                                                                                                
ROBERT HEATHERINGTON, SELF,  FAIRBANKS (via teleconference),                                                                    
spoke  in opposition  to HB  1005. He  felt the  legislature                                                                    
should  not touch  the money  of  the people  of Alaska.  He                                                                    
talked about  how expensive it was  to heat his home  in the                                                                    
wintertime. He talked about the  difficulties for elders. He                                                                    
agreed with many  of the previous testifiers  about what the                                                                    
Alaskan  people  wanted.  The   people  voted  for  Governor                                                                    
Dunleavy and  a full PFD.  He urged  members to do  what was                                                                    
right for the people of Alaska.                                                                                                 
                                                                                                                                
5:56:27 PM                                                                                                                    
                                                                                                                                
ERIC KNOWLTON, SELF, WASILLA  (via teleconference), spoke of                                                                    
having had  a stroke a  few years  back. He had  had heating                                                                    
assistance  taken from  him  along with  his  PFD. He  urged                                                                    
members  to repay  the PFDs  and wanted  a full  PFD in  the                                                                    
current year. He opposed HB 1005.                                                                                               
                                                                                                                                
5:57:31 PM                                                                                                                    
                                                                                                                                
MONIQUE  DUNCAN,  SELF,  NORTH  POLE  (via  teleconference),                                                                    
advocated a vote  of the people rather than  through a bill.                                                                    
She  advocated many  ways to  reduce the  budget. She  was a                                                                    
disabled person  that utilized the  PFD. She thought  it was                                                                    
outrageous that the legislature  was focusing the discussion                                                                    
around the  PFD. Although  she could afford  to give  up her                                                                    
PFD,  there  were several  people  that  relied on  it.  She                                                                    
opposed HB 1005.                                                                                                                
                                                                                                                                
6:00:42 PM                                                                                                                    
                                                                                                                                
ERVIN MALCUIT,  SELF, WASILLA (via  teleconference), opposed                                                                    
HB   1005.  He   thought  the   Permanent  Fund   should  be                                                                    
untouchable and should  be kept as-is. He  also believed the                                                                    
past  payments that  were withheld  should be  reimbursed to                                                                    
the people of Alaska.                                                                                                           
                                                                                                                                
6:02:00 PM                                                                                                                    
                                                                                                                                
MARCY  SOWERS, SELF,  WASILLA (via  teleconference), opposed                                                                    
HB 1005. She opposed any  changes to the distribution of the                                                                    
Permanent Fund or the  calculation. She advocated protecting                                                                    
the PFD  in the constitution.  She thought the  issue should                                                                    
go  to  a  vote  of  the  people.  The  Permanent  Fund  was                                                                    
established as a  trust fund for the people of  Alaska - not                                                                    
for  the purpose  of paying  for  government. She  suggested                                                                    
that for  the people  who testified that  they did  not want                                                                    
their  PFDs  they could  use  Pick.  Click. Give.  She  also                                                                    
argued for the repayment of the  PFDs from past 3 years. She                                                                    
asserted that  legislators had been  derelict of  their duty                                                                    
to protect  the fund,  statutes, and  the people  of Alaska.                                                                    
The state had consistently failed  to live within its means.                                                                    
There  were several  households that  relied on  their PFDs.                                                                    
She agreed  with other testifiers  regarding the  raiding of                                                                    
payments  to the  people. She  urged protecting  the current                                                                    
formula. She  suggested that public  trust had  been eroded.                                                                    
She thought the legislature had  not done its job. She noted                                                                    
that the  people voted for  a Republican House  Majority and                                                                    
for Governor Dunleavy. She strongly opposed HB 1005.                                                                            
                                                                                                                                
6:05:46 PM                                                                                                                    
                                                                                                                                
EMILY FLORIAN,  SELF, WASILLA (via teleconference),  did not                                                                    
support HB  1005. She  argued that there  should not  be any                                                                    
changes made  to the PFD without  a vote of the  people. She                                                                    
supported paying the PFD and  making additional budget cuts.                                                                    
She suggested  designing the  budget as  a business  would -                                                                    
staying within its budget and without imposing taxes.                                                                           
                                                                                                                                
6:06:42 PM                                                                                                                    
                                                                                                                                
CHARLES LESTER,  SELF, DELTA JUNCTION  (via teleconference),                                                                    
spoke against HB 1005. He  hoped the members understood what                                                                    
the people wanted,  based on all of  the testimony provided.                                                                    
He  wanted  to see  the  PFD  left  as-is. He  also  thought                                                                    
legislators  needed   to  work  together.  He   thought  the                                                                    
legislative session  had turned into a  fiasco. He mentioned                                                                    
his  children using  their PFDs  for education.  He did  not                                                                    
think  elected  officials  had been  good  stewards  of  the                                                                    
peoples' money.  He did not  believe giving  the legislature                                                                    
additional monies  would help. He  encouraged a vote  of the                                                                    
people. He asked members to get  their ducks in a row and to                                                                    
do what was right.                                                                                                              
                                                                                                                                
6:09:06 PM                                                                                                                    
                                                                                                                                
PATRICK  MARTIN, SELF,  WASILLA (via  teleconference), spoke                                                                    
in opposition  of HB  1005. He  thought the  legislature had                                                                    
acted in opposition  to the will of the  people. He believed                                                                    
Governor  Walker had  raided the  Permanent Fund.  He argued                                                                    
against  wasteful  spending   by  government  officials.  He                                                                    
supported putting a vote to the people of Alaska.                                                                               
                                                                                                                                
6:11:03 PM                                                                                                                    
                                                                                                                                
LORNA  MCANINCH,   SELF,  ANCHORAGE   (via  teleconference),                                                                    
opposed HB  1005. She  wanted to see  the PFD  protected for                                                                    
future generations.  She thought the  PFD should be  paid in                                                                    
full following statute  that had been in  place for decades.                                                                    
She   believed  the   PFD  should   be   protected  in   the                                                                    
constitution. She  mentioned 2 bills introduced  by Governor                                                                    
Dunleavy  for  the  PFD  back  pay  owed  to  Alaskans.  She                                                                    
advocated for the  legislature to act on  the bills swiftly.                                                                    
She believed that every penny  owed for the PFDs was sitting                                                                    
in the ERA  and was available for  distribution. She thought                                                                    
the PFD cuts  were a wrongful tax. She argued  that the PFDs                                                                    
were  the peoples'  rightful share  of resource  wealth. She                                                                    
did  not  want  to  see HB  1005  implemented.  Rather,  she                                                                    
thought it was time to put the PFD in the constitution.                                                                         
                                                                                                                                
6:12:28 PM                                                                                                                    
                                                                                                                                
SANDRA DELONG,  SELF, JUNEAU  (via teleconference),  did not                                                                    
submit a PFD application because  she was concerned that the                                                                    
state did not  have enough money to operate.  She favored an                                                                    
income tax  and advocated  for an  increase to  the gasoline                                                                    
tax. She talked  about people who came up  from other states                                                                    
to  earn a  living but  who did  not leave  anything in  the                                                                    
state.  She  was  concerned  about   people  who  relied  on                                                                    
Medicaid,  the  Pioneer  Homes, the  Alaska  Marine  Highway                                                                    
System, and  education funding. She  thought there  would be                                                                    
nothing left to  attract people to Alaska. She  did not feel                                                                    
the budget was  the only thing to look at.  She also thought                                                                    
there were too many free rides.                                                                                                 
                                                                                                                                
6:15:16 PM                                                                                                                    
                                                                                                                                
ANTHONY  BAIOCCHI,   SELF,  WASILLA   (via  teleconference),                                                                    
opposed HB 1005. He thought  the Alaska Legislature had been                                                                    
on a  spending jag since  2006. He thought  state government                                                                    
should return  to the spending  levels of 2006  and adjusted                                                                    
for inflation. He wanted to  see Alaska get its fiscal house                                                                    
in order.                                                                                                                       
                                                                                                                                
6:16:23 PM                                                                                                                    
                                                                                                                                
MARIE  CULP-WASHBURN,  SELF,   KENAI  (via  teleconference),                                                                    
spoke  in  opposition  of  HB  1005.  She  argued  that  the                                                                    
original  PFD  formula  had  worked   for  many  years.  The                                                                    
dividend  was  a  way  to pay  Alaskans  for  their  mineral                                                                    
rights.  She wanted  to see  the  PFD formula  put into  the                                                                    
Alaska Constitution so  that no one could  get their fingers                                                                    
on it again.                                                                                                                    
                                                                                                                                
6:17:56 PM                                                                                                                    
                                                                                                                                
TROY  SCOTT,  SELF,   ANCHORAGE  (via  teleconference),  was                                                                    
opposed to  HB 1005. He  believed the PFD  was set up  for a                                                                    
reason. He had been in the  state since 1984. He argued that                                                                    
the PFD  monies should not  have been tapped for  any reason                                                                    
without a  vote of the  people. He advocated  for additional                                                                    
cuts to education  and government. He thought  the state had                                                                    
outspent itself.  Alaska had cut  its budget before,  and he                                                                    
thought it could  do it again. He  reiterated his opposition                                                                    
to HB 1005.                                                                                                                     
                                                                                                                                
6:19:05 PM                                                                                                                    
                                                                                                                                
JEFF  NELSON,  SELF,  WASILLA  (via  teleconference),  spoke                                                                    
against HB 1005.  He encouraged Alaska Lawmakers  to go back                                                                    
to the  drawing board.  He urged legislators  to take  a pay                                                                    
cut.  He  thought his  investment  had  been stolen.  People                                                                    
voted for Governor  Dunleavy to put a  stop to overspending.                                                                    
He  was  against  cutting  the  PFD.  He  talked  about  his                                                                    
personal  financial struggles.  He thought  the state  would                                                                    
eventually   be  bankrupt   because  the   population  would                                                                    
significantly decline.                                                                                                          
                                                                                                                                
6:21:06 PM                                                                                                                    
                                                                                                                                
BRUCE  WILLIAMS, SELF,  WASILLA (via  teleconference), spoke                                                                    
in  opposition  of  HB  1005.  He  felt  strongly  that  the                                                                    
legislature  had  not  listened  to  the  people.  He  urged                                                                    
members to  help Alaskans. He talked  about Governor Hammond                                                                    
coming to his place of work  advocating that the PFD was the                                                                    
people's  money.  He thought  Dunleavy  was  carrying a  big                                                                    
stick - the will of the people.                                                                                                 
                                                                                                                                
36:22:52 PM                                                                                                                   
                                                                                                                                
KEN  BROWN, SELF,  SOLDOTNA (via  teleconference), adamantly                                                                    
opposed  HB  1005.  He  supported  HB  1002,  HB  1003,  and                                                                    
HB 1004. He did not believe there  should be a change to the                                                                    
PFD without a vote of the  people. He promised he would work                                                                    
to unseat legislators that supported  the bill. He mentioned                                                                    
a recall effort.                                                                                                                
                                                                                                                                
6:23:58 PM                                                                                                                    
                                                                                                                                
STEWARD SPENCE,  SELF, HOMER (via teleconference),  spoke in                                                                    
opposition  of  HB  1005.  She thought  HB  1005  was  being                                                                    
brought forth to  show Alaskans the urgent  need to confront                                                                    
the legislature, the courts, and  the State of Alaska and to                                                                    
bring  the  issues before  the  federal  court in  order  to                                                                    
regain a  due process. She  hoped Alaskans' voices  would be                                                                    
heard. She  talked about  destructive projects  occurring in                                                                    
the state.  She suggested  she would bring  a case  before a                                                                    
federal  body if  the legislature  interfered  with the  PFD                                                                    
process. She spoke on things  other than the bill before the                                                                    
committee.  She reiterated  her intention  to prosecute  the                                                                    
legislature if it tried to change the PFD.                                                                                      
                                                                                                                                
6:27:29 PM                                                                                                                    
                                                                                                                                
KRISTEN BUSH, SELF, EAGLE  RIVER (via teleconference), spoke                                                                    
in opposition of HB 1005. She  thought it was easier to take                                                                    
money from  Alaskans through their  PFD than to  balance the                                                                    
budget.   She  noted   Alaskans  balancing   their  personal                                                                    
budgets. She was asking the  legislature to do the same with                                                                    
the  state's budget.  She asserted  that taking  the PFD  or                                                                    
revising the  original formula was  criminal. She  urged the                                                                    
legislature to  keep its  hands off  the PFD.  She supported                                                                    
the  governor  and  HB  1002,  HB 1003,  and  HB  1004.  She                                                                    
restated her opposition to HB  1005. She advocated a vote of                                                                    
the people in order to change the formula.                                                                                      
                                                                                                                                
6:29:21 PM                                                                                                                    
                                                                                                                                
CHRISTOPHER  NUGENT,  SELF,  WASILLA  (via  teleconference),                                                                    
testified  against HB  1005.  He loved  Alaska  but did  not                                                                    
appreciate the  persistent battle  about something  that was                                                                    
put in  place several years  ago and worked. He  agreed with                                                                    
the axiom,  "If it's not  broke, don't  fix it." He  did not                                                                    
agree with HB 1005. He asked  the legislature to get back to                                                                    
work.                                                                                                                           
                                                                                                                                
6:30:09 PM                                                                                                                    
                                                                                                                                
MARK PRENTICE,  SELF, KENAI (via  teleconference), testified                                                                    
against  HB  1005.  He  supported  HB  1002,  HB  1003,  and                                                                    
HB 1004.  He acknowledged  the recession  in Alaska  and did                                                                    
not feel taking  money from Alaskans was the  right thing to                                                                    
do. He hoped the legislature  would exercise common sense by                                                                    
restoring the PFD  to the full amount based  on the original                                                                    
formula. He wanted  more money pumped back  into the private                                                                    
economy which the PFD facilitated.                                                                                              
                                                                                                                                
6:31:12 PM                                                                                                                    
                                                                                                                                
ROB  KINNEY, SELF,  WILLOW  (via  teleconference), spoke  in                                                                    
opposition to  HB 1005 the  bill. He  stated it was  easy to                                                                    
spend other people's money. He  agreed with other testifiers                                                                    
and urged members to listen to the people of Alaska.                                                                            
                                                                                                                                
6:32:07 PM                                                                                                                    
                                                                                                                                
TIMOTHY  MAYBERRY, SELF,  NORTH  POLE (via  teleconference),                                                                    
spoke against HB 1005. He  suggested that a referendum was a                                                                    
reasonable course  of action. He  noted the state  wanted to                                                                    
take away  the pipeline tax  from the borough.  He mentioned                                                                    
that  his property  taxes  had  gone up  by  58 percent.  He                                                                    
thought  the  retroactive  reimbursement  for  the  previous                                                                    
dividend  recalculations  was  appropriate. He  spoke  of  a                                                                    
friend that might  lose his home if  the retroactive payment                                                                    
of the PFD and the full  dividend was not paid. He thought a                                                                    
discussion was necessary to have  about what the state would                                                                    
do if oil  returned to $120 per barrel.  Oil conditions were                                                                    
volatile.  He asked  the legislature  not to  tie Alaska  to                                                                    
something  the  people  did  not want.  He  had  called  all                                                                    
Interior legislative  offices, and  Co-Chair Wilson  was the                                                                    
only person that had returned his calls.                                                                                        
                                                                                                                                
6:34:19 PM                                                                                                                    
                                                                                                                                
SARAH  ANN  JACKSON,   SELF,  JUNEAU  (via  teleconference),                                                                    
opposed HB 1005. She thought  the bill was foul legislation.                                                                    
She expressed  her grievances with the  legislature. She was                                                                    
concerned  about  the  legislature   not  listening  to  the                                                                    
people. She wanted the PFD in the constitution.                                                                                 
                                                                                                                                
6:37:23 PM                                                                                                                    
                                                                                                                                
WALTER  ROSE,  SELF,   NOME  (via  teleconference),  opposed                                                                    
HB 1005  and   any  legislation  that  took   away  the  PFD                                                                    
presently or in the future.  He believed taking away the PFD                                                                    
was  an  inverse  regressive  tax which  was  not  fair.  It                                                                    
disproportionately taxed low-income  people. He relayed that                                                                    
a tax  by any other name  was still a tax.  He thought there                                                                    
were  two  angles  of  attack  against  budget  imbalance  -                                                                    
measures that cut costs and  measures that increased income.                                                                    
He  asserted that  politicians did  not like  to talk  about                                                                    
either,  especially new  taxes. He  wanted to  talk about  a                                                                    
fair and equitable  tax that tapped the  resources of people                                                                    
who could  afford to  pay. He urged  members not  to balance                                                                    
the budget on the backs of the poor.                                                                                            
                                                                                                                                
6:39:34 PM                                                                                                                    
                                                                                                                                
JOHN   LISENBEE,  SELF,   ANCHORAGE  (via   teleconference),                                                                    
completely   opposed  HB   1005.  He   did  not   think  the                                                                    
legislature  was  hearing  the   voice  of  the  people.  He                                                                    
supported  a  full  PFD. He  reiterated  his  opposition  to                                                                    
HB 1005.                                                                                                                        
                                                                                                                                
6:41:22 PM                                                                                                                    
                                                                                                                                
GERRY   BALLUTA,  SELF,   KETCHIKAN  (via   teleconference),                                                                    
opposed HB 1005.  She strongly supported a  vote of Alaskans                                                                    
for any change related to  the Permanent Fund. She explained                                                                    
that she  relied on the  PFD to help  with the high  cost of                                                                    
living despite having  a dual income home. She  was aware of                                                                    
the ups and downs of the  PFD payouts but advocated that the                                                                    
formula was  in place for  a reason.  She did not  think the                                                                    
formula should be changed without  a vote of the people. She                                                                    
supported  Governor Dunleavy's  budget recommendations.  She                                                                    
emphasized that the people were speaking.                                                                                       
                                                                                                                                
6:42:59 PM                                                                                                                    
                                                                                                                                
STEPHANIE CLAY, SELF,  ANCHORAGE (via teleconference), spoke                                                                    
in opposition to  HB 1005. She relayed that the  PFD was set                                                                    
up  because  Alaska did  not  own  the mineral  rights.  She                                                                    
advocated for  a full  PFD and the  repayment of  the monies                                                                    
withheld  from the  PFD payout  for the  prior 3  years. She                                                                    
supported additional cuts to  the budget including education                                                                    
funding.                                                                                                                        
                                                                                                                                
6:44:56 PM                                                                                                                    
                                                                                                                                
DAVID HURN, SELF,  WASILLA   (via  teleconference),  opposed                                                                    
HB 1005.  He  indicated  the  PFD was  for  the  people.  He                                                                    
thought  legislators  had  been  breaking the  law  for  the                                                                    
previous 3  years. He wondered if  legislators knew anything                                                                    
about  economics. He  disagreed  with legislators  receiving                                                                    
per  diem  in  a  special session.  He  supported  HB  1002,                                                                    
HB 1003, and  HB 1005.  He was  in favor  of Alaska.  He was                                                                    
also in favor of moving the capital to the road system.                                                                         
                                                                                                                                
Co-Chair   Wilson  clarified   that  legislators   were  not                                                                    
receiving any per diem while they were in Juneau.                                                                               
                                                                                                                                
6:47:20 PM                                                                                                                    
                                                                                                                                
RACHEL  COLVARD,   SELF,  ANCHORAGE   (via  teleconference),                                                                    
testified in  opposition to  HB 1005.  She wanted  her money                                                                    
back. She thought  the worst thing the  legislature could do                                                                    
was  to  take  the  people's  dividend.  She  spoke  of  her                                                                    
financial  woes. There  were many  people like  herself that                                                                    
needed their PFD.                                                                                                               
                                                                                                                                
6:48:33 PM                                                                                                                    
                                                                                                                                
JEB  STUART, SELF,  WASILLA (via  teleconference), testified                                                                    
against  HB 1005.  He advocated  for HB  1002, HB  1003, and                                                                    
HB 1004.  He thought  the state  should reduce  its spending                                                                    
and be  fiscally responsible. It  was up to  the legislature                                                                    
to make  the hard choices, which  he did not believe  it was                                                                    
doing.  He   supported  the  governor.  He   reiterated  his                                                                    
opposition to the bill.                                                                                                         
                                                                                                                                
6:49:41 PM                                                                                                                    
                                                                                                                                
ROY  SUMNER,  SELF,  WASILLA (via  teleconference),  opposed                                                                    
HB 1005.  He  thought the  legislature  had  been trying  to                                                                    
destroy the Permanent Fund since  it was created. He did not                                                                    
support  changing the  PFD  formula. He  spoke  of the  high                                                                    
administrative costs  of government.  He advocated  that the                                                                    
legislature   refund  the   people's  money.   He  supported                                                                    
HB 1002, HB 1003, and HB 1004.                                                                                                  
                                                                                                                                
6:51:32 PM                                                                                                                    
                                                                                                                                
BOB   BARNDT,  SELF,   EAGLE  RIVER   (via  teleconference),                                                                    
testified  against  HB  1005.  He thought  the  bill  was  a                                                                    
bait-and-switch piece  of legislation.  He did not  think it                                                                    
was  right for  the PFD  to be  changed at  the will  of the                                                                    
legislature. He thought  the matter should be  taken up with                                                                    
a vote of the people. He  supported the cuts proposed by the                                                                    
governor. He reiterated his opposition to HB 1005.                                                                              
                                                                                                                                
6:52:43 PM                                                                                                                    
                                                                                                                                
ALLEN  CRUCE, SELF,  PALMER  (via teleconference),  strongly                                                                    
opposed HB  1005. He also opposed  the legislature's actions                                                                    
on presenting the last-minute  bills after Governor Dunleavy                                                                    
gave the  legislature ample time  to address the 2  bills he                                                                    
presented to  pay back the  stolen PFD funds. He  thought it                                                                    
was time  legislators listened to  the people  and supported                                                                    
the  current  governor.  He thought  members  needed  to  be                                                                    
reminded  of how  to run  a business.  He advocated  cutting                                                                    
education funding and balancing  the budget without touching                                                                    
the PFD. He reminded members  that they governed as servants                                                                    
of the people of Alaska.                                                                                                        
                                                                                                                                
6:54:02 PM                                                                                                                    
                                                                                                                                
BARBARA  MCMAHAN,  SELF,   FAIRBANKS  (via  teleconference),                                                                    
spoke  against   HB  1005.  She  thought   legislators  were                                                                    
supposed  to   be  upholders  of   the  law.   She  believed                                                                    
legislators were  breaking the  law. She  spoke of  the high                                                                    
costs  of living  in Alaska  and  not wanting  to move.  She                                                                    
supported Governor  Dunleavy. She believed the  state should                                                                    
only spend what it had. She felt  it was up to the people to                                                                    
decide  about anything  regarding  the  Permanent Fund.  She                                                                    
vehemently opposed HB 1005.                                                                                                     
                                                                                                                                
6:56:13 PM                                                                                                                    
                                                                                                                                
JONATHAN  LOVEJOY, SELF,  NORTH  POLE (via  teleconference),                                                                    
opposed HB  1005. He advocated  getting the budget  in order                                                                    
and  spending under  control.  He agreed  with  the idea  of                                                                    
putting the  formula change up to  a vote of the  people. He                                                                    
opposed the legislation.                                                                                                        
                                                                                                                                
6:56:39 PM                                                                                                                    
                                                                                                                                
PIERRE  AIMAN,  SELF,  CHUGIAK (via  teleconference),  spoke                                                                    
against HB 1005. He thanked  fellow Alaskans that testified.                                                                    
He opined that legislators would  not listen to Alaskans. He                                                                    
thanked Governor  Dunleavy and Ms. Amy  Dembowski for taking                                                                    
care of Alaskans and giving  thought to what Alaskans wanted                                                                    
to  do in  life.  He had  been in  Alaska  since before  the                                                                    
Permanent Fund. He  noted the greed in Juneau.  He had three                                                                    
generations in Alaska. He urged  members to do something for                                                                    
the state.                                                                                                                      
                                                                                                                                
6:59:23 PM                                                                                                                    
                                                                                                                                
JEANNE   SULLIVAN,  SELF,   WASILLA  (via   teleconference),                                                                    
opposed HB  1005. She  advocated that  the PFD  be put  to a                                                                    
vote  of the  people. She  thought politicians  were greedy.                                                                    
She  knew of  several people  that needed  the PFD.  She had                                                                    
been in  Alaska for  over 35  years and  had seen  the state                                                                    
deteriorate.   She    supported   Governor    Dunleavy   who                                                                    
represented the  voice of the  people. She urged  members to                                                                    
do their jobs.                                                                                                                  
                                                                                                                                
7:01:44 PM                                                                                                                    
                                                                                                                                
LILA JENSEN,  SELF, ANCHORAGE (via  teleconference), opposed                                                                    
HB 1005. She was a mother  of five children and utilized the                                                                    
PFDs  each year  for  things her  family  needed. She  urged                                                                    
members  to find  a  different way  to  solve the  financial                                                                    
challenges  of the  state.  She  thought legislators  should                                                                    
lose their  jobs if they did  not do something to  solve the                                                                    
problem.  She  did  not  want the  PFD  touched.  She  asked                                                                    
members  to   do  the  right   thing.  She   reiterated  her                                                                    
opposition to HB 1005.                                                                                                          
                                                                                                                                
7:04:51 PM                                                                                                                    
                                                                                                                                
JAMES  MACRAE, SELF,  KASILOF  (via teleconference),  [Note:                                                                    
The audio was cut off].                                                                                                         
                                                                                                                                
7:05:56 PM                                                                                                                    
                                                                                                                                
AARON BENJAMIN, SELF,  TALKEETNA (via teleconference), spoke                                                                    
against  HB  1005.  He  did  not  believe  legislators  were                                                                    
listening to the will of  the people. He thought any changes                                                                    
to the  PFD needed to  be put to  a public vote.  He accused                                                                    
legislators of stealing from the citizens of Alaska.                                                                            
                                                                                                                                
7:07:36 PM                                                                                                                    
                                                                                                                                
JEANNIE  PIERCE, SELF,  WASILLA (via  teleconference), spoke                                                                    
in opposition  to HB 1005.  She spoke of family  values. She                                                                    
advocated  putting the  PFD to  a  vote of  the people.  She                                                                    
mentioned that she had not  heard anything about a change in                                                                    
the oil  tax structure. The  people that voted  for Governor                                                                    
Dunleavy  wanted government  spending  reduced  and the  PFD                                                                    
returned.  She  hoped the  legislature  would  do the  right                                                                    
thing.  She restated  her opposition  to HB  1005 and  urged                                                                    
members to return the PFD.                                                                                                      
                                                                                                                                
7:09:24 PM                                                                                                                    
                                                                                                                                
DURAINEY  RAWLS, SELF,  NIKISKI (via  teleconference), spoke                                                                    
against  HB  1005  or  any  bill  that  voted  to  take  the                                                                    
Permanent Fund  away from Alaskans.  She agreed with  all of                                                                    
the   previous  testifiers   that  opposed   HB  1005.   She                                                                    
reiterated that  she voted for Governor  Dunleavy because he                                                                    
promised  to  return  the  PFD  to the  people  and  to  cut                                                                    
government. She  supported HB  1002, HB  1003, and  HB 1004.                                                                    
She  remembered  having to  vote  against  reducing the  PFD                                                                    
about 25  years prior. At  the time,  people had to  vote to                                                                    
save the  PFD because another  politician had tried  to take                                                                    
it from the  people. She reported that almost  90 percent of                                                                    
all  registered voters  came  out to  vote  against it.  She                                                                    
criticized Governor  Walker for  taking the  people's money.                                                                    
She  wanted  her  full  share  and  wanted  additional  cuts                                                                    
applied to the budget. She appreciated members listening.                                                                       
                                                                                                                                
7:12:15 PM                                                                                                                    
                                                                                                                                
DALE  AUSTERMUHL,  SELF,   FAIRBANKS  (via  teleconference),                                                                    
testified against  HB 1005.  He supported  Governor Dunleavy                                                                    
because  of  his  support  for families.  He  spoke  of  the                                                                    
importance of the PFD. He  urged the legislature to keep the                                                                    
formula.  He  was around  when  the  dividend was  put  into                                                                    
place. He had voted  for Senator Kawasaki and Representative                                                                    
LeBon. He hoped that  Representative LeBon would not support                                                                    
the bill. He mentioned  having his property taxes increased.                                                                    
He advocated for  additional cuts to the  budget. He thought                                                                    
plenty  of  cuts  could  still   be  made,  specifically  in                                                                    
education.  He supported  education but  believed it  should                                                                    
come from the federal government.                                                                                               
                                                                                                                                
7:16:00 PM                                                                                                                    
                                                                                                                                
CRYSTAL  MCKENZIE,  SELF,  ANCHORAGE  (via  teleconference),                                                                    
opposed HB 1005.  She spoke of the  historical background of                                                                    
the  PFD.  She spoke  of  the  turncoat Republicans  in  the                                                                    
House. She urged large reductions  to the budget and urged a                                                                    
full  dividend.  She asked  the  legislature  to keep  their                                                                    
hands off of the PFDs.                                                                                                          
                                                                                                                                
7:17:40 PM                                                                                                                    
                                                                                                                                
ELIZABETH  SWEET,  SELF,  NORTH POLE  (via  teleconference),                                                                    
strongly  opposed HB  1005.  She  thought Co-Chair  Wilson's                                                                    
career  was over.  She expressed  her support  for HB  1002,                                                                    
HB 1003, and HB 1004.                                                                                                           
                                                                                                                                
7:18:04 PM                                                                                                                    
                                                                                                                                
KEN  SEAGLE, SELF,  ANCHORAGE (via  teleconference), opposed                                                                    
HB 1005.  He understood the  legislature wanted to  take the                                                                    
easy route which was to use  money for the PFD. However, the                                                                    
problem was not a simple  and easy problem and required more                                                                    
than a simple and easy  solution. The legislature had a duty                                                                    
to  the people  of Alaska,  not  the oil  companies. He  was                                                                    
willing  to  give  up  some  of his  PFD  but  expected  the                                                                    
legislature,  the   governor,  and  the  oil   companies  to                                                                    
contribute their share. He urged  members to lead by example                                                                    
perhaps reducing  their salaries. He suggested  reducing the                                                                    
PFD by a percentage. He  thought it would be more equitable.                                                                    
He believed  the PFD belonged  to the people. He  wanted the                                                                    
burden spread out fairly.                                                                                                       
                                                                                                                                
7:21:05 PM                                                                                                                    
                                                                                                                                
LAURA WHITE, SELF, NORTH  POLE (via teleconference), opposed                                                                    
HB 1005. She did not agree  with trying to take the people's                                                                    
PFD. She spoke of people  around her struggling. She thought                                                                    
the legislature should do what  was right by returning money                                                                    
to Alaskans.                                                                                                                    
                                                                                                                                
7:22:06 PM                                                                                                                    
                                                                                                                                
KEVIN  MACAN, SELF,  JUNEAU (via  teleconference), testified                                                                    
against HB 1005.  He did not think it was  right to take the                                                                    
PFD  from Alaskans.  He argued  that the  legislature should                                                                    
balance  the  budget, as  it  was  fiscally responsible.  He                                                                    
agreed with  the disbursement  of the  PFD with  the current                                                                    
formula. He supported  placing the formula and  the PFD into                                                                    
the Alaska Constitution. He thought  the majority of callers                                                                    
that  testified   were  against   HB  1005.  He   hoped  all                                                                    
legislators were listening to public testimony.                                                                                 
                                                                                                                                
7:24:17 PM                                                                                                                    
                                                                                                                                
Co-Chair  Wilson  noted  that Representative  Carpenter  was                                                                    
listening online to public testimony.                                                                                           
                                                                                                                                
7:24:34 PM                                                                                                                    
                                                                                                                                
ROBBIE CAMPBELL,  SELF, KENAI (via  teleconference), opposed                                                                    
HB 1005.  She also  thought the PFD  should be  protected in                                                                    
the  constitution. She  advocated  for a  full  PFD and  the                                                                    
repayment of the  PFD to the people of Alaska.  She spoke of                                                                    
some  personal  financial struggles  and  the  help the  PFD                                                                    
provided.  She  supported   Governor  Dunleavy  and  opposed                                                                    
HB 1005.                                                                                                                        
                                                                                                                                
7:28:11 PM                                                                                                                    
                                                                                                                                
DAVID  MIGNON, SELF,  ANCHORAGE (via  teleconference), spoke                                                                    
against HB  1005. He did  not want the  legislature touching                                                                    
the  PFD. He  agreed with  the current  formula. He  thought                                                                    
members  should  work  towards solving  the  state's  fiscal                                                                    
problem.  He did  not  want money  taken  from children  for                                                                    
college. He  thought a  yes vote  would get  legislators run                                                                    
out of  town similar to  what happened when  Governor Walker                                                                    
took a portion of people's PFD. He thanked the committee.                                                                       
                                                                                                                                
7:30:02 PM                                                                                                                    
                                                                                                                                
Co-Chair Wilson CLOSED Public Testimony on HB 1005.                                                                             
                                                                                                                                
Co-Chair Wilson relayed that amendments  were due on Monday,                                                                    
May 27,  2019 by  Noon. She  noted Representative  Vance had                                                                    
been with the committee the entire meeting as well.                                                                             
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
7:30:24 PM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 7:30 p.m.                                                                                          

Document Name Date/Time Subjects
5-23-19 HFIN HB 1005.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 CS WORKDRAFT FIN S.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 CS WORKDRAFT FIN S.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 Public Testimony pkt 1.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 Public Testimony pkt 2.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 Public Testimony pkt 3.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 Public Testimony pkt 4.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 Public Testimony pkt 5.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 Public Testimony pkt 6.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 Public Testimony pkt 7.pdf HFIN 5/23/2019 9:00:00 AM
HB1005
HB 1005 Public Testimony pkt 8.pdf HFIN 5/23/2019 9:00:00 AM
HB1005