CSSB 247(CRA): "An Act relating to the revenue sharing program and to state aid for certain municipal underfunding of the Public Employees' Retirement System of Alaska; and providing for an effective date."
00 CS FOR SENATE BILL NO. 247(CRA) 01 "An Act relating to the revenue sharing program and to state aid for certain municipal 02 underfunding of the Public Employees' Retirement System of Alaska; and providing for 03 an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 29.60 is amended by adding new sections to read: 06 Article 10. Revenue Sharing Program. 07 Sec. 29.60.800. Revenue sharing fund. (a) There is established in the 08 department the revenue sharing fund consisting of money appropriated to the fund. 09 Each fiscal year, the legislature may appropriate to the revenue sharing fund from the 10 Alaska capital income fund (AS 37.05.565) an amount for revenue sharing payments. 11 Other appropriations may be made to the revenue sharing fund. 12 (b) Each fiscal year, the department shall distribute money appropriated to the 13 fund for revenue sharing payments. 14 Sec. 29.60.810. Revenue sharing payments. (a) The revenue sharing payment
01 for a fiscal year equals 02 (1) $300,000 for each unified municipality; 03 (2) $150,000 for each borough that is not a unified municipality; 04 (3) $75,000 for each city and, subject to (b) of this section, for a 05 reserve; and 06 (4) subject to (b) of this section, $25,000 for each community. 07 (b) The department, with advice from the Department of Law, shall determine 08 whether there is, in each reserve or community, an incorporated nonprofit entity or a 09 Native village council that will agree to receive and spend the revenue sharing 10 payment for the benefit of the reserve or community. If there is more than one 11 qualified entity in a reserve or community, the department shall make the payment to 12 the entity that the department finds most qualified to receive and spend the money. 13 The department may not make a payment for a reserve or community unless the 14 incorporated nonprofit entity or Native village council waives immunity from suit for 15 claims arising out of activities of the corporation or council related to the revenue 16 sharing payment. A waiver of immunity from suit under this subsection must be on a 17 form provided by the Department of Law. If there is not a qualified incorporated 18 nonprofit entity or Native village council in a reserve or community that is willing to 19 receive and spend the revenue sharing payment for the benefit of the reserve or 20 community, the payment may not be made. 21 (c) If the amount appropriated to the revenue sharing fund is not sufficient to 22 fully fund all payments for a fiscal year under (a) of this section, the department shall 23 reduce each payment on a pro rata basis. 24 Sec. 29.60.820. Increased payments. (a) If the amount appropriated to the 25 revenue sharing fund exceeds that which is sufficient to fully fund revenue sharing 26 payments under AS 29.60.810(a) for a fiscal year, the department shall increase each 27 payment to a municipality or reserve by an equal amount for each person who resides 28 in the municipality or reserve. 29 (b) For purposes of determining the amount of an increased payment, the 30 population of the municipality or reserve shall be determined by using the number of 31 permanent fund dividend recipients or other population data that the department
01 determines is reliable. In determining the population of a borough, the population of 02 each city in the borough shall be deducted from the total population of the borough. 03 Sec. 29.60.829. Definitions. In AS 29.60.800 - 29.60.829, 04 (1) "community" means a place that is not incorporated as a city, in 05 which 25 or more individuals reside as a social unit, and that is not in a unified 06 municipality or a home rule, first class, or second class borough; 07 (2) "reserve" means a place that is organized under federal law as an 08 Indian reserve that existed before enactment of 43 U.S.C. 1618(a) and is continued in 09 existence under that subsection. 10 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 11 read: 12 MUNICIPAL PUBLIC EMPLOYEES' RETIREMENT SYSTEM UNDERFUNDED 13 LIABILITY RELIEF ACCOUNT. (a) There is established in the Department of 14 Administration the municipal public employees' retirement system underfunded liability relief 15 account consisting of appropriations to the account. Notwithstanding AS 39.35, the 16 department shall use money in the account in fiscal year 2007 for contribution shortfalls to the 17 Public Employees' Retirement System of Alaska that result from the difference between a 18 municipal employer's fiscal year 2007 certified contribution rate and the employer's fiscal 19 year 2007 actuarial calculated rate, as determined in the supplement to the actuarial valuation 20 as of June 30, 2004. Before January 1, 2007, the department shall transfer the money in the 21 municipal public employees' retirement system underfunded liability relief account to the 22 public employees' retirement system accounts of the following municipal employers in the 23 following amounts: 24 (1) Allakaket, City of $ 633 25 (2) Anchorage, Municipality of 14,134,590 26 (3) Bristol Bay Borough 69,972 27 (4) Cordova, City of 252,133 28 (5) Craig, City of 28,214 29 (6) Denali Borough 22,550 30 (7) Dillingham, City of 35,336 31 (8) Egegik, City of 11
01 (9) Fairbanks North Star Borough 243,894 02 (10) Fairbanks, City of 5,940,276 03 (11) Haines Borough 63,966 04 (12) Homer, City of 426,547 05 (13) Hoonah, City of 6,623 06 (14) Huslia, City of 5,934 07 (15) Juneau, City and Borough of 2,293,420 08 (16) Kachemak, City of 5,731 09 (17) Kaltag, City of 3,620 10 (18) Kenai Peninsula Borough 831,820 11 (19) Kenai, City of 571,367 12 (20) Ketchikan Gateway Borough 211,055 13 (21) Ketchikan, City of 377,233 14 (22) King Cove, City of 795 15 (23) Kodiak Island Borough 376,411 16 (24) Kodiak, City of 702,293 17 (25) Lake and Peninsula Borough 7,856 18 (26) Matanuska-Susitna Borough 366,689 19 (27) Mekoryuk, City of 851 20 (28) Nome, City of 206,077 21 (29) North Pole, City of 107,715 22 (30) Palmer, City of 166,149 23 (31) Pelican, City of 564 24 (32) Petersburg, City of 43,955 25 (33) Saint Paul, City of 5,133 26 (34) Sand Point, City of 36,775 27 (35) Saxman, City of 7,708 28 (36) Seward, City of 204,976 29 (37) Sitka, City and Borough of 508,683 30 (38) Unalakleet, City of 3,431 31 (39) Valdez, City of 583,784
01 (40) Whittier, City of 4,940 02 (41) Wrangell, City of 262,410 03 (b) Money in the municipal public employees' retirement system underfunded liability 04 relief account lapses into the general fund on January 1, 2007. 05 * Sec. 3. Section 2 of this Act is repealed on January 1, 2007. 06 * Sec. 4. This Act takes effect July 1, 2006.