00 HOUSE JOINT RESOLUTION NO. 7
01 Proposing an amendment to the Constitution of the State of Alaska relating to an
02 appropriation limit.
03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:
04 * Section 1. Article IX, sec. 16, Constitution of the State of Alaska, is amended to read:
05 Section 16. Appropriation Limit. (a) Except as provided in (b) of this
06 section [FOR APPROPRIATIONS FOR ALASKA PERMANENT FUND
07 DIVIDENDS, APPROPRIATIONS OF REVENUE BOND PROCEEDS,
08 APPROPRIATIONS REQUIRED TO PAY THE PRINCIPAL AND INTEREST ON
09 GENERAL OBLIGATION BONDS, AND APPROPRIATIONS OF MONEY
10 RECEIVED FROM A NON-STATE SOURCE IN TRUST FOR A SPECIFIC
11 PURPOSE, INCLUDING REVENUES OF A PUBLIC ENTERPRISE OR PUBLIC
12 CORPORATION OF THE STATE THAT ISSUES REVENUE BONDS],
13 appropriations from the treasury made for a fiscal year shall not exceed
14 appropriations made in the previous fiscal year [$2,500,000,000] by more than the
15 average cumulative change, derived from federal indices as prescribed by law, in
16 population and inflation over the previous three years.
01 (b) If the unrestricted state revenue available for appropriation in a fiscal
02 year is insufficient to cover the general fund appropriations from the treasury
03 made for that fiscal year, appropriations for that fiscal year shall not exceed the
04 appropriations made in the previous fiscal year.
05 (c) This section does not apply to appropriations to the Alaska permanent
06 fund for Alaska permanent fund dividends, appropriations of revenue bond
07 proceeds, appropriations required to pay the principal of and interest on general
08 obligation bonds, and appropriations of money received from a non-State source
09 in trust for a specific purpose, including revenue of a public enterprise or public
10 corporation of the State that issues revenue bonds.
11 (d) [SINCE JULY 1, 1981. WITHIN THIS LIMIT, AT LEAST ONE-THIRD
12 SHALL BE RESERVED FOR CAPITAL PROJECTS AND LOAN
13 APPROPRIATIONS. THE LEGISLATURE MAY EXCEED THIS LIMIT IN BILLS
14 FOR APPROPRIATIONS TO THE ALASKA PERMANENT FUND AND IN
15 BILLS FOR APPROPRIATIONS FOR CAPITAL PROJECTS, WHETHER OF
16 BOND PROCEEDS OR OTHERWISE, IF EACH BILL IS APPROVED BY THE
17 GOVERNOR, OR PASSED BY AFFIRMATIVE VOTE OF THREE-FOURTHS OF
18 THE MEMBERSHIP OF THE LEGISLATURE OVER A VETO OR ITEM VETO,
19 OR BECOMES LAW WITHOUT SIGNATURE, AND IS ALSO APPROVED BY
20 THE VOTERS AS PRESCRIBED BY LAW. EACH BILL FOR APPROPRIATIONS
21 FOR CAPITAL PROJECTS IN EXCESS OF THE LIMIT SHALL BE CONFINED
22 TO CAPITAL PROJECTS OF THE SAME TYPE, AND THE VOTERS SHALL, AS
23 PROVIDED BY LAW, BE INFORMED OF THE COST OF OPERATIONS AND
24 MAINTENANCE OF THE CAPITAL PROJECTS.] No other appropriation in excess
25 of this limit may be made except to meet a state of disaster declared by the governor as
26 prescribed by law.
27 (e) The governor shall cause any unexpended and unappropriated balance in
28 the general fund to be invested so as to yield competitive market rates to the treasury.
29 * Sec. 2. The amendment proposed by this resolution shall be placed before the voters of the
30 state at the next general election in conformity with art. XIII, sec. 1, Constitution of the State
31 of Alaska, and the election laws of the state.