00 Enrolled HB 4001 01 Making supplemental appropriations, capital appropriations, and other appropriations; making 02 appropriations to capitalize funds; and providing for an effective date. 03 _______________ 04  * Section 1. DEPARTMENT OF REVENUE. (a) The sum of $30,000,000 is appropriated 05 from the general fund to the Alaska Gasline Inducement Act reimbursement fund 06 (AS 43.90.400(a)) for the natural gas pipeline project construction inducement under 07 AS 43.90.110(a)(1). 08 (b) The amount necessary to pay a $1,200 resource rebate to all eligible individuals 09 and related administrative costs, estimated to be $744,600,000, is appropriated from the 10 general fund to the Department of Revenue for the Alaska resource rebate program and 11 related administrative costs for the fiscal year ending June 30, 2009. 12  * Sec. 2. ALASKA ENERGY AUTHORITY. (a) The sum of $600,000 is appropriated from 13 the power cost equalization and rural electric capitalization fund (AS 42.45.100) to the Alaska 01 Energy Authority for power cost equalization payments for the fiscal year ending June 30, 02 2008. 03 (b) The amount necessary, estimated to be $23,000,000, is appropriated from the 04 general fund to the Alaska Energy Authority for payment of power cost equalization for the 05 fiscal year ending June 30, 2009. 06  * Sec. 3. DEPARTMENT OF HEALTH AND SOCIAL SERVICES. The amount 07 necessary, estimated to be $1,900,000, is appropriated from the general fund to the 08 Department of Health and Social Services, division of public assistance, to implement 09 provisions of the Alaska resource rebate program relating to continued eligibility for certain 10 assistance programs and veterans' benefits and to pay for related administrative costs for the 11 fiscal year ending June 30, 2009. 12  * Sec. 4. ALASKA HOUSING FINANCE CORPORATION. The sum of $60,000,000 is 13 appropriated from the general fund to the Alaska energy efficient home grant fund 14 (AS 18.56.410) for grants under AS 18.56.410 by the Alaska Housing Finance Corporation. 15  * Sec. 5. FUEL PURCHASE ASSISTANCE. (a) The sum of $5,500,000 is appropriated 16 from the general fund to the bulk fuel revolving loan fund (AS 42.45.250(a)). 17 (b) The sum of $5,300,000 is appropriated from the general fund to the bulk fuel 18 bridge loan fund (AS 29.60.660(a)). 19 (c) The sum of $110,000 is appropriated from the bulk fuel bridge loan fund 20 (AS 29.60.660(a)) to the Department of Commerce, Community, and Economic Development 21 for operating costs for administering the bulk fuel bridge loan program for the fiscal year 22 ending June 30, 2009. 23 (d) Subject to sec. 11(b) of this Act, the sum of $20,000,000 is appropriated from the 24 general fund to the Alaska Energy Authority for a loan authorized under AS 44.83.080, to be 25 made on or before June 30, 2009, to the Alaska Village Electric Cooperative to purchase bulk 26 fuel for power generation. 27 (e) Amounts received by the Alaska Energy Authority repaying principal and interest 28 of a loan created under (d) of this section shall be deposited in the general fund. 29 * Sec. 6. FUND TRANSFER. (a) The sum of $50,000,000 is appropriated from the general 30 fund to the renewable energy grant fund (AS 42.45.045). 31 (b) It is the intent of the legislature that the appropriation made in (a) of this section 01 supplement the appropriations described in sec. 1(b), ch. 31, SLA 2008. 02 * Sec. 7. SHARED TAXES. The amount necessary, estimated to be $100,000, to pay to 03 municipalities that amount of aviation fuel tax proceeds to which they would have been 04 entitled under AS 43.40.010(e) for aviation fuel taxes that would have been due under 05 AS 43.40.010 during the fiscal year ending June 30, 2009, but were not collected during a 06 suspension of motor fuel taxes imposed under AS 43.40.010 is appropriated from the general 07 fund to the Department of Revenue for the fiscal year ending June 30, 2009, for payment to 08 municipalities of the amounts to which they would have been entitled under AS 43.40.010(e) 09 had not the motor fuel tax been suspended. 10  * Sec. 8. DEPARTMENT OF NATURAL RESOURCES. The sum of $5,500,000 is 11 appropriated from the general fund to the Department of Natural Resources for gas pipeline 12 implementation for the fiscal year ending June 30, 2009. 13  * Sec. 9. LAPSE. (a) The appropriations made in secs. 1(a), 5(a), 5(b), and 6(a) of this Act 14 are for the capitalization of funds and do not lapse. 15 (b) The appropriation made in sec. 4 of this Act is for a capital project and lapses 16 under AS 37.25.020. 17  * Sec. 10. RETROACTIVITY. Section 2(a) of this Act is retroactive to June 30, 2008. 18 * Sec. 11. CONTINGENCY. (a) The appropriation made in sec. 7 of this Act is contingent 19 on the passage by the Twenty-Fifth Alaska State Legislature and enactment into law of a bill 20 that suspends the motor fuel tax imposed under AS 43.40.010. 21 (b) The appropriation made in sec. 5(d) of this Act is contingent on the Alaska Village 22 Electric Cooperative's entering into an agreement with the Alaska Energy Authority that 23 (1) the loan under sec. 5(d) of this Act shall be repaid within one year; and 24 (2) interest on the loan under sec. 5(d) of this Act shall be charged at a rate 25 equal to the percentage of the average weekly yield of municipal bonds for the 12 months 26 preceding the date of the loan using the municipal bond yield rates reported in the 30-year 27 revenue index of The Bond Buyer. 28  * Sec. 12. This Act takes effect immediately under AS 01.10.070(c).