HB 109: "An Act relating to the limitation on payment of state treasury warrants; and providing for an effective date."
00 HOUSE BILL NO. 109 01 "An Act relating to the limitation on payment of state treasury warrants; and providing 02 for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 37.05.180 is amended to read: 05 Sec. 37.05.180. Limitation [TWO-YEAR LIMITATION] on payment of 06 warrants. A warrant upon the state treasury may not be paid unless presented at the 07 office of the commissioner of revenue within one year [TWO YEARS] of the date of 08 its issuance. A warrant not presented within that time is presumed abandoned 09 [CONSIDERED PAID, AND MONEY HELD AT THE EXPIRATION OF THAT 10 TIME IN A SPECIAL FUND OR ACCOUNT FOR THE PAYMENT OF THE 11 WARRANT SHALL BE TRANSFERRED TO THE GENERAL FUND], except 12 where the warrant is for the payment of a permanent fund dividend or [,] a benefit 13 payment or refund under AS 14.25, AS 22.25, AS 26.05, AS 39.30, AS 39.35, 14 AS 39.37, or AS 39.45. Money held for an abandoned warrant shall be delivered
01 to the custody of the Department of Revenue to be administered as unclaimed 02 property under AS 34.45 [, OR WHERE TRANSFER IS PROHIBITED BY THE 03 FEDERAL GOVERNMENT FOR STATE PARTICIPATION IN A FEDERAL 04 PROGRAM]. 05 * Sec. 2. This Act takes effect July 1, 2003.