00                 SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 195                                                              
01 "An Act appropriating funds to reimburse municipalities for real property tax revenue                                   
02 lost due to the mandatory senior citizen and disabled veterans exemption."                                              
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  For the fiscal year ending June 30, 2006, the sum of $29,583,528 is                                  
05 appropriated from the general fund to the Department of Commerce, Community, and                                        
06 Economic Development for reimbursement of municipalities under AS 29.45.030(g) for real                                 
07 property tax revenue lost during tax year 2005 due to the operation of AS 29.45.030(e).                                 
08    * Sec. 2.  For the fiscal year ending June 30, 2007, the sum of $31,506,457 is appropriated                        
09 from the general fund to the Department of Commerce, Community, and Economic                                            
10 Development for reimbursement of municipalities under AS 29.45.030(g) for real property tax                             
11 revenue lost during tax year 2006 due to the operation of AS 29.45.030(e).