00                      HOUSE JOINT RESOLUTION NO. 10                                                                     
01 Proposing amendments to the Constitution of the State of Alaska creating a                                              
02 transportation infrastructure fund.                                                                                     
03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1. Article IX, sec. 7, Constitution of the State of Alaska, is amended to read:                          
05            Section 7. Dedicated Funds. The proceeds of any state tax or license shall not                             
06       be dedicated to any special purpose, except as provided in Sections 15 and 18                                 
07       [SECTION 15] of this article or when required by the federal government for state                                 
08       participation in federal programs. This provision shall not prohibit the continuance of                           
09       any dedication for special purposes existing on April 24, 1956 [UPON THE DATE                                 
10       OF RATIFICATION OF THIS SECTION BY THE PEOPLE OF ALASKA].                                                         
11    * Sec. 2. Article IX, Constitution of the State of Alaska, is amended by adding a new                              
12 section to read:                                                                                                        
13            Section 18. Transportation Infrastructure Fund. (a) The revenue received                                   
14       after July 1, 2014, from any state tax on fuel used for the propulsion of motor vehicles,                         
15       aircraft, and watercraft, less those refunds, credits, and collection costs that are                              
16       provided by law, from a registration fee levied for a motor vehicle, not including                                

01       special registration fees as provided by law, from any driver's license fee, from any                             
02       identification card fee, from a studded tire tax, from a vehicle rental tax, and from                             
03       other transportation-related fees and funds designated by the legislature shall be placed                         
04       in a transportation infrastructure fund. The legislature may appropriate additional                               
05       amounts to the fund. The fund shall be managed as an endowment. Each year, the                                    
06       legislature may appropriate up to 50 percent of the state fuel taxes, registration and                            
07       driver's license fees, identification card fees, studded tire taxes, vehicle rental taxes,                        
08       and other designated fees and funds received by the fund in that year and up to six                               
09       percent of the average market value of the fund over the previous five fiscal years for                           
10       transportation and related facilities that are designated by law, for costs related to                            
11       motor vehicle licensing and registration that are designated by law, and for the costs to                         
12       administer the fund as designated by law.                                                                         
13            (b)  The legislature shall provide by law for the management and investment of                               
14       the fund balance. The income earned from the fund shall be deposited into the fund.                               
15    * Sec. 3. The amendments proposed by this resolution shall be placed before the voters of                          
16 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the                        
17 State of Alaska, and the election laws of the state.