00                      CS FOR HOUSE BILL NO. 109(STA)                                                                    
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 six months [TWO YEARS] of the date                               
08       of 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.