HCS CSSJR 24(JUD): Proposing amendments to the Constitution of the State of Alaska relating to the budget reserve fund.
00 HOUSE CS FOR CS FOR SENATE JOINT RESOLUTION NO. 24(JUD) 01 Proposing amendments to the Constitution of the State of Alaska relating to the budget 02 reserve fund. 03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. Article IX, sec. 17(b), Constitution of the State of Alaska, is amended to read: 05 (b) If the amount available for appropriation for a fiscal year is not sufficient 06 to fully fund the amount appropriated for that year [LESS THAN THE AMOUNT 07 APPROPRIATED FOR THE PREVIOUS FISCAL YEAR], an appropriation may be 08 made from the budget reserve fund and used to fund appropriations from the 09 unrestricted general fund. However, the amount appropriated from the fund under 10 this subsection may not exceed the amount necessary, when added to other funds 11 available for appropriation, to provide for total funding [APPROPRIATIONS] equal 12 to the amount of appropriations made [IN THE PREVIOUS CALENDAR YEAR] for 13 the previous fiscal year. For purposes of applying this subsection, money from the 14 following sources may not be considered as available for appropriation or as 15 appropriated: (1) the federal government; (2) income of the permanent fund; or 16 (3) this budget reserve fund. For purposes of this subsection, "unrestricted
01 general fund" shall be defined by law. 02 * Sec. 2. Article IX, sec. 17(d), Constitution of the State of Alaska, is repealed. 03 * Sec. 3. The amendments proposed by this resolution shall be placed before the voters of 04 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the 05 State of Alaska, and the election laws of the state.