SSSB 116: "An Act making special appropriations to the educational facilities maintenance and construction fund and the mental health trust income account; and providing for an effective date."
00SPONSOR SUBSTITUTE FOR SENATE BILL NO. 116 01 "An Act making special appropriations to the educational facilities maintenance 02 and construction fund and the mental health trust income account; and providing 03 for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. INTENT. It is the intent of the legislature that an amount equivalent to the 06 $630,000,000 to be received by the state from the February 1993 settlement agreement with 07 British Petroleum for income tax, penalties, and interest arising under AS 43.20 be 08 appropriated as follows: (1) $592,200,000 to the educational facilities maintenance and 09 construction fund established in AS 37.16.010; and (2) $37,800,000 to the mental health trust 10 income account established in AS 37.14.011. 11 * Sec. 2. The sum of $592,200,000 is appropriated from the general fund to the educational 12 facilities maintenance and construction fund (AS 37.16.010). 13 * Sec. 3. The sum of $37,800,000 is appropriated from the general fund to the mental 14 health trust income account (AS 37.14.011).
01 * Sec. 4. The appropriations made by this Act are for capitalization of a fund or for deposit 02 in a trust account and do not lapse under AS 37.25.010. 03 * Sec. 5. This Act takes effect July 1, 1993, only if a bill establishing the educational 04 facilities maintenance and construction fund is enacted into law.