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Enrolled HB 4001: Making supplemental appropriations, capital appropriations, and other appropriations; making appropriations to capitalize funds; and providing for an effective date.

00 Enrolled HB 4001                                                                                                        
01 Making supplemental appropriations, capital appropriations, and other appropriations; making                            
02 appropriations to capitalize funds; and providing for an effective date.                                                
03                           _______________                                                                               
04    * Section 1. DEPARTMENT OF REVENUE. (a) The sum of $30,000,000 is appropriated                                     
05 from the general fund to the Alaska Gasline Inducement Act reimbursement fund                                           
06 (AS 43.90.400(a)) for the natural gas pipeline project construction inducement under                                    
07 AS 43.90.110(a)(1).                                                                                                     
08       (b) The amount necessary to pay a $1,200 resource rebate to all eligible individuals                              
09 and related administrative costs, estimated to be $744,600,000, is appropriated from the                                
10 general fund to the Department of Revenue for the Alaska resource rebate program and                                    
11 related administrative costs for the fiscal year ending June 30, 2009.                                                  
12    * Sec. 2. ALASKA ENERGY AUTHORITY. (a) The sum of $600,000 is appropriated from                                    
13 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,                               
02 2008.                                                                                                                   
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).