00                CS FOR SENATE JOINT RESOLUTION NO. 3(JUD)                                                               
01 Proposing an amendment to the Constitution of the State of Alaska relating to an                                        
02 appropriation limit and a spending limit.                                                                               
03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  Article IX, sec. 16, Constitution of the State of Alaska, is repealed and                            
05 readopted to read:                                                                                                      
06            Section 16.  Appropriation and Spending Limit.  (a)  Appropriations made                                   
07       for a fiscal year shall not exceed the amount appropriated for the fiscal year two years                          
08       preceding the fiscal year for which the appropriations are made by more than the                                  
09       percentage equal to one-half of the product of the annual percentage rate of change in                            
10       the Consumer Price Index for all urban consumers for the Anchorage metropolitan                                   
11       area compiled by the Bureau of Labor Statistics, United States Department of Labor,                               
12       for the calendar year preceding the beginning of the fiscal year for which the                                    
13       appropriations are made multiplied by one-fourth of the annual percentage change in                               
14       the statewide population as of July 1 of that calendar year.  This subsection does not                            
15       apply to an appropriation                                                                                         
16                 (1)  to the Alaska permanent fund;                                                                      

01                 (2)  of Alaska permanent fund income for payments of permanent fund                                     
02       dividends to State residents;                                                                                     
03                 (3)  to meet a state of disaster declared by the governor as prescribed by                              
04       law;                                                                                                              
05                 (4)  for the Alaska Railroad;                                                                           
06                 (5)  of State general obligation and revenue bond proceeds;                                             
07                 (6)  required to pay obligations under general obligation bonds, revenue                                
08       bonds, and certificates of participation issued by the State;                                                     
09                 (7)  of money received from the federal government;                                                     
10                 (8)  of money for expenditure by a State agency to provide services to                                  
11       another State agency that has also received an appropriation of the same money;                                   
12                 (9)  of money received by the University of Alaska;                                                     
13                 (10)  of money received by the Alaska Vocational Technical Center; or                                   
14                 (11)  made under (b) of this section.                                                                   
15            (b)  An appropriation that exceeds the limit under (a) of this section may be                                
16       made for any public purpose upon affirmative vote of at least three-fourths of the                                
17       members of each house of the legislature.  The total amount of appropriations under                               
18       this subsection made for a fiscal year may not exceed two percent of the amount                                   
19       appropriated for the fiscal year two years preceding the fiscal year for which the                                
20       appropriations are made.                                                                                          
21            (c)  If appropriations for a fiscal year exceed the amount validly appropriated                              
22       under (a) and (b) of this section, the governor shall reduce expenditures by the                                  
23       executive branch for its operation and administration to the extent necessary to avoid                            
24       spending more than the amount validly appropriated under (a) and (b) of this section.                             
25    * Sec. 2.  The amendment proposed by this resolution shall be placed before the voters of                          
26 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the                        
27 State of Alaska, and the election laws of the state.