A bill to protect the permanent trust funds of the State of Arizona from erosion due to inflation and modify the basis on which distributions are made from those funds.
Arizona Statehood and Enabling Act Amendments of 1999 - Requires: (1) the permanent trust funds of Arizona, including all interest, dividends, other income, and appreciation in the market value of assets of the funds, to be prudently invested on a total rate of return basis; and (2) distributions from such funds to be made as provided in Arizona's Constitution.
Allows amounts in the Miners' Hospital Endowment Fund to be used for the Arizona Pioneers' Home and makes such amendment effective as of June 20, 1910.
Declares that the Congress consents to the amendments to the Constitution of the State of Arizona approved by the voters of Arizona on November 3, 1998.
Became Public Law No: 106-133.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S1442)
Read twice and referred to the Committee on Energy and Natural Resources.
Committee on Energy and Natural Resources requested executive comment from Department of the Interior, OMB.
Subcommittee on Forests and Public Land Management. Hearings held. With printed Hearing: S.Hrg. 106-120.
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
Committee on Energy and Natural Resources. Reported to Senate by Senator Murkowski under the authority of the order of May 27, 99 without amendment. With written report No. 106-59.
Committee on Energy and Natural Resources. Reported to Senate by Senator Murkowski under the authority of the order of May 27, 99 without amendment. With written report No. 106-59.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 129.
Indefinitely postponed by Senate by Unanimous Consent.
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