SB 142: "An Act making appropriations from the constitutional budget reserve fund under art. IX, sec. 17(c), Constitution of the State of Alaska, to the Alaska permanent fund and the Alaska pension trust reserve fund; and providing for an effective date."
00 SENATE BILL NO. 142 01 "An Act making appropriations from the constitutional budget reserve fund under art. 02 IX, sec. 17(c), Constitution of the State of Alaska, to the Alaska permanent fund and the 03 Alaska pension trust reserve fund; and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. ALASKA PENSION TRUST RESERVE FUND. (a) The sum of 06 $2,000,000,000 is appropriated from the constitutional budget reserve fund (art. IX, sec. 17, 07 Constitution of the State of Alaska) to the Alaska pension trust reserve fund (AS 37.14.900). 08 (b) The appropriation made in (a) of this section is made under art. IX, sec. 17(c), 09 Constitution of the State of Alaska. 10 * Sec. 2. ALASKA PERMANENT FUND. (a) The sum of $2,000,000,000 is appropriated 11 from the constitutional budget reserve fund (art. IX, sec. 17, Constitution of the State of 12 Alaska) to the Alaska permanent fund (art. IX, sec. 15, Constitution of the State of Alaska). 13 (b) The appropriation made in (a) of this section is made under art. IX, sec. 17(c), 14 Constitution of the State of Alaska.
01 * Sec. 3. CONTINGENCY. The appropriation made in sec. 1 of this Act is contingent on 02 passage by the Twenty-Seventh Alaska State Legislature and enactment into law of a bill 03 creating the Alaska pension trust reserve fund. 04 * Sec. 4. LAPSE. The appropriations made in secs. 1 and 2 of this Act are for the 05 capitalization of funds and do not lapse. 06 * Sec. 5. This Act takes effect June 30, 2012.