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SB 107: "An Act relating to the Alaska capital income fund."

00                            SENATE BILL NO. 107                                                                          
01 "An Act relating to the Alaska capital income fund."                                                                    
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1. AS 37.05.565(b) is amended to read:                                                                   
04 (b)  Money may be appropriated from the Alaska capital income fund for state                                        
05 facilities preventive or deferred maintenance [ANY PUBLIC PURPOSE],                                                 
06 including replacement of parts, systems, or components, or other activities needed                                  
07 to preserve or maintain state assets, and to cover annual debt service and reserves                                 
08 for debt service on bonds authorized by state law. Nothing in this subsection creates a                                 
09       dedicated fund.