00 SENATE CS FOR CS FOR HOUSE BILL NO. 4001(FIN)
01 "An Act making supplemental appropriations, capital appropriations, and other
02 appropriations; making appropriations to capitalize funds; and providing for an
03 effective date."
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
05 * Section 1. DEPARTMENT OF REVENUE. (a) The sum of $30,000,000 is appropriated
06 from the general fund to the Alaska Gasline Inducement Act reimbursement fund
07 (AS 43.90.400(a)) for the natural gas pipeline project construction inducement under
08 AS 43.90.110(a)(1).
09 (b) The amount necessary to pay a $1,200 resource rebate to all eligible individuals
10 and related administrative costs, estimated to be $744,600,000, is appropriated from the
11 general fund to the Department of Revenue for the Alaska resource rebate program and
12 related administrative costs for the fiscal year ending June 30, 2009.
13 * Sec. 2. ALASKA ENERGY AUTHORITY. (a) The sum of $600,000 is appropriated from
14 the power cost equalization and rural electric capitalization fund (AS 42.45.100) to the Alaska
01 Energy Authority for power cost equalization payments for the fiscal year ending June 30,
03 (b) The amount necessary, estimated to be $23,000,000, is appropriated from the
04 general fund to the Alaska Energy Authority for payment of power cost equalization for the
05 fiscal year ending June 30, 2009.
06 * Sec. 3. DEPARTMENT OF HEALTH AND SOCIAL SERVICES. The amount
07 necessary, estimated to be $1,900,000, is appropriated from the general fund to the
08 Department of Health and Social Services, division of public assistance, to implement
09 provisions of the Alaska resource rebate program relating to continued eligibility for certain
10 assistance programs and veterans' benefits and to pay for related administrative costs for the
11 fiscal year ending June 30, 2009.
12 * Sec. 4. ALASKA HOUSING FINANCE CORPORATION. The sum of $60,000,000 is
13 appropriated from the general fund to the Alaska energy efficient home grant fund
14 (AS 18.56.410) for grants under AS 18.56.410 by the Alaska Housing Finance Corporation.
15 * Sec. 5. FUEL PURCHASE ASSISTANCE. (a) The sum of $5,500,000 is appropriated
16 from the general fund to the bulk fuel revolving loan fund (AS 42.45.250(a)).
17 (b) The sum of $5,300,000 is appropriated from the general fund to the bulk fuel
18 bridge loan fund (AS 29.60.660(a)).
19 (c) The sum of $110,000 is appropriated from the bulk fuel bridge loan fund
20 (AS 29.60.660(a)) to the Department of Commerce, Community, and Economic Development
21 for operating costs for administering the bulk fuel bridge loan program for the fiscal year
22 ending June 30, 2009.
23 (d) Subject to sec. 11(b) of this Act, the sum of $20,000,000 is appropriated from the
24 general fund to the Alaska Energy Authority for a loan authorized under AS 44.83.080, to be
25 made on or before June 30, 2009, to the Alaska Village Electric Cooperative to purchase bulk
26 fuel for power generation.
27 (e) Amounts received by the Alaska Energy Authority repaying principal and interest
28 of a loan created under (d) of this section shall be deposited in the general fund.
29 * Sec. 6. FUND TRANSFER. (a) The sum of $50,000,000 is appropriated from the general
30 fund to the renewable energy grant fund (AS 42.45.045).
31 (b) It is the intent of the legislature that the appropriation made in (a) of this section
01 supplement the appropriations described in sec. 1(b), ch. 31, SLA 2008.
02 * Sec. 7. SHARED TAXES. The amount necessary, estimated to be $100,000, to pay to
03 municipalities that amount of aviation fuel tax proceeds to which they would have been
04 entitled under AS 43.40.010(e) for aviation fuel taxes that would have been due under
05 AS 43.40.010 during the fiscal year ending June 30, 2009, but were not collected during a
06 suspension of motor fuel taxes imposed under AS 43.40.010 is appropriated from the general
07 fund to the Department of Revenue for the fiscal year ending June 30, 2009, for payment to
08 municipalities of the amounts to which they would have been entitled under AS 43.40.010(e)
09 had not the motor fuel tax been suspended.
10 * Sec. 8. DEPARTMENT OF NATURAL RESOURCES. The sum of $5,500,000 is
11 appropriated from the general fund to the Department of Natural Resources for gas pipeline
12 implementation for the fiscal year ending June 30, 2009.
13 * Sec. 9. LAPSE. (a) The appropriations made in secs. 1(a), 5(a), 5(b), and 6(a) of this Act
14 are for the capitalization of funds and do not lapse.
15 (b) The appropriation made in sec. 4 of this Act is for a capital project and lapses
16 under AS 37.25.020.
17 * Sec. 10. RETROACTIVITY. Section 2(a) of this Act is retroactive to June 30, 2008.
18 * Sec. 11. CONTINGENCY. (a) The appropriation made in sec. 7 of this Act is contingent
19 on the passage by the Twenty-Fifth Alaska State Legislature and enactment into law of a bill
20 that suspends the motor fuel tax imposed under AS 43.40.010.
21 (b) The appropriation made in sec. 5(d) of this Act is contingent on the Alaska Village
22 Electric Cooperative's entering into an agreement with the Alaska Energy Authority that
23 (1) the loan under sec. 5(d) of this Act shall be repaid within one year; and
24 (2) interest on the loan under sec. 5(d) of this Act shall be charged at a rate
25 equal to the percentage of the average weekly yield of municipal bonds for the 12 months
26 preceding the date of the loan using the municipal bond yield rates reported in the 30-year
27 revenue index of The Bond Buyer.
28 * Sec. 12. This Act takes effect immediately under AS 01.10.070(c).