SB 373: "An Act relating to a comprehensive state financial plan and to the Solving Alaska's Fiscal Emergency (S.A.F.E.) Commission; and providing for an effective date."
00SENATE BILL NO. 373 01 "An Act relating to a comprehensive state financial plan and to the Solving 02 Alaska's Fiscal Emergency (S.A.F.E.) Commission; and providing for an effective 03 date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. SOLVING ALASKA'S FISCAL EMERGENCY COMMISSION. (a) There 06 is created in the legislative branch the Solving Alaska's Fiscal Emergency (S.A.F.E.) 07 Commission to develop and update a comprehensive four-year financial plan for the state. 08 The commission consists of the governor or the governor's designee, two public members 09 appointed by the governor, the president of the senate or the president's designee, two public 10 members appointed by the president of the senate, the speaker of the house of representatives 11 or the speaker's designee, and two public members appointed by the speaker of the house of 12 representatives. The public members may not be elected officials of the state. The public 13 members serve at the pleasure of the appointing authority. The members of the commission 14 shall elect public members to serve as chair and vice-chair of the commission.
01 (b) The commission shall 02 (1) review and identify anticipated state expenditures, recurring revenue, 03 reserves, and potential revenue sources; 04 (2) review and identify fiscal assumptions concerning state finances that have 05 been made by planners and financial managers in government and the private sector; 06 (3) recommend strategies for generating sustainable sources of future state 07 revenue and legislation to implement the recommendations; 08 (4) if new taxes are recommended, investigate specific tax structures and 09 revenue consequences and submit draft legislation to implement the recommendations; 10 (5) disseminate information and solicit public input from the various regions 11 of the state in the development and review of the proposed financial plan and tax proposals; 12 (6) review state programs, especially formula-driven programs, and recommend 13 deductions in state expenditures to reach a sustainable level; 14 (7) recommend structural changes to the way the state budget is prepared to 15 ensure that the governor and the legislature have information on which to base decisions. 16 (c) The commission may 17 (1) hire staff; 18 (2) hold public hearings; and 19 (3) adopt rules for the conduct of its business. 20 (d) Public members of the commission are entitled to per diem and travel expenses 21 authorized under AS 39.20.180. 22 (e) The commission shall submit a final report to the legislature on or before 23 February 1, 1995. The report must contain a comprehensive state financial plan for fiscal 24 years 1996 - 1999, together with recommended legislation to implement the plan. The 25 commission is terminated February 1, 1996. 26 * Sec. 2. LEGISLATIVE ACTION. Unless the legislature by April 1, 1996, adopts a 27 resolution rejecting the state financial plan submitted by the S.A.F.E. commission, the plan 28 goes into effect and it is binding upon the legislature to implement it in accordance with its 29 terms. The legislature may not reject a portion of the plan or otherwise alter it in any way. 30 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).