00CS FOR SENATE BILL NO. 129(FIN)                                                                                       
01 "An Act relating to the Alaska marine highway system vessel, M/V Malaspina;                                             
02 and providing for an effective date."                                                                                   
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  AS 19.65 is amended by adding a new section to read:                                                 
05  Sec. 19.65.065.  M/V Malaspina account.  (a)  There is created in the Alaska                                        
06 marine highway system fund the M/V Malaspina account.  Notwithstanding                                                  
07 AS 19.65.060(a) and 19.65.070(a), the account consists of the gross revenue generated                                   
08 by the operation of the Alaska marine highway system vessel M/V Malaspina that is                                       
09 appropriated to the account and other money appropriated to the account by the                                          
10 legislature.  Gross revenue generated by the operation of the Alaska marine highway                                     
11 system vessel M/V Malaspina and other money that is appropriated to the account may                                     
12 be expended only for the operation or maintenance of the M/V Malaspina in the fiscal                                    
13 year for which the money is appropriated.  Money in the account must be separately                                      
14 accounted for and may not be commingled with other money in the Alaska marine                                           

01 highway system fund.  The balance of the account on June 30 of each year, excluding                                     
02 federal funds and the required match of state funds, shall be transferred to the Alaska                                 
03 marine highway system fund at the end of each fiscal year.                                                              
04  (b)  Notwithstanding a contrary provision of AS 19.65.050 - 19.65.100 or other                                        
05 provisions of law, the department may spend no money for the operation or                                               
06 maintenance of the M/V Malaspina except that money appropriated by the legislature                                      
07 to the M/V Malaspina account.                                                                                           
08  (c)  The gross revenue generated by the operation of the Alaska marine                                                
09 highway system vessel M/V Malaspina shall be accounted for separately.  An                                              
10 appropriation of the gross revenue as program receipts is not made from the                                             
11 unrestricted general fund.                                                                                              
12  (d)  Nothing in this section creates a dedicated fund.                                                                
13    * Sec. 2.   This Act takes effect July 1, 1999.