CSHB 181(CRA): "An Act relating to the accounting for money received by the state from the mining license tax, mining lease payments, and royalties from mining on state tide and submerged land within a municipality, and the availability of that money for appropriation to certain boroughs and municipalities outside of a borough."
00 CS FOR HOUSE BILL NO. 181(CRA) 01 "An Act relating to the accounting for money received by the state from the mining 02 license tax, mining lease payments, and royalties from mining on state tide and 03 submerged land within a municipality, and the availability of that money for 04 appropriation to certain boroughs and municipalities outside of a borough." 05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 06 * Section 1. AS 38.05.250 is amended by adding new subsections to read: 07 (e) After making the deposit due to the permanent fund under 08 AS 37.13.010(a), 50 percent of the remaining amount of mineral lease rentals, 09 royalties, and royalty sale proceeds received for a lease under this section that is 10 located on state tide and submerged land within a municipality shall be deposited into 11 the general fund and separately accounted for under AS 37.05.142. The director shall 12 apportion the amount of rent, royalty, and royalty sale proceeds for a lease that is not 13 entirely on state tide and submerged land within a municipality based on the amount 14 of surface area of the lease that is on state tide and submerged land within a
01 municipality. 02 (f) Upon request 03 (1) by the commissioner of commerce, community, and economic 04 development, the legislature may appropriate money from the rent, royalty, and 05 royalty sale proceeds that are separately accounted for under (e) of this section from a 06 lease or portion of a lease on state tide and submerged land within a borough to that 07 borough; and 08 (2) by the commissioner of commerce, community, and economic 09 development or the commissioner of natural resources, the legislature may appropriate 10 money from the rent, royalty, and royalty sale proceeds that are separately accounted 11 for under (e) of this section from a lease or portion of a lease on state tide and 12 submerged land within a municipality outside of a borough to that municipality. 13 (g) Nothing in (e) of this section creates a dedicated fund or limits the 14 authority of a department to request funds or the authority of the legislature to 15 appropriate funds. 16 * Sec. 2. AS 43.65.010 is amended by adding new subsections to read: 17 (j) Proceeds from the tax imposed under this chapter shall be deposited into 18 the general fund and separately accounted for under AS 37.05.142. 19 (k) The commissioner shall adopt regulations for apportioning the proceeds 20 from tax received under this chapter based on the net income attributable to mining 21 subject to tax under this chapter on property, on state tide and submerged land within 22 each borough and within each municipality outside of a borough and in the area in the 23 state that is on state tide and submerged land that is not within a municipality. The 24 accounting for the proceeds from the tax under (j) of this section shall identify the 25 amount of proceeds from tax apportioned to state tide and submerged land within a 26 borough and a municipality outside of a borough in which there is mining activity 27 under the regulations adopted under this subsection. 28 (l) Upon request 29 (1) by the commissioner of commerce, community, and economic 30 development, the legislature may appropriate not more than 50 percent of the proceeds 31 from the tax that are separately accounted for and apportioned to state tide and
01 submerged land within a borough under (j) and (k) of this section to the borough; and 02 (2) by the commissioner of commerce, community, and economic 03 development or the commissioner of natural resources, the legislature may appropriate 04 not more than 50 percent of the proceeds from the tax that are separately accounted for 05 and apportioned to state tide and submerged land within a municipality outside of a 06 borough under (j) and (k) of this section to the municipality outside of a borough. 07 (m) Nothing in (l) of this section creates a dedicated fund or limits the 08 authority of a department to request funds or the authority of the legislature to 09 appropriate funds.