CSSB 196(FIN): "An Act relating to an appropriation limit; relating to the budget responsibilities of the governor; and providing for an effective date."
00 CS FOR SENATE BILL NO. 196(FIN) 01 "An Act relating to an appropriation limit; relating to the budget responsibilities of the 02 governor; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 05 to read: 06 LEGISLATIVE INTENT. It is the intent of the legislature that the legislature 07 reevaluate the appropriation limit, as prescribed under this Act, three years after the effective 08 date of this Act. 09 * Sec. 2. AS 37.05.540(a) is amended to read: 10 (a) There is established as a separate fund in the state treasury the budget 11 reserve fund. The budget reserve fund consists of appropriations to the fund. 12 [MONEY RECEIVED BY THE STATE THAT IS SUBJECT TO THE 13 APPROPRIATION LIMIT UNDER (b) OF THIS SECTION AND THAT EXCEEDS 14 THAT LIMIT, MAY BE APPROPRIATED TO THE BUDGET RESERVE FUND.]
01 * Sec. 3. AS 37.05 is amended by adding a new section to read: 02 Sec. 37.05.545. Appropriation limit. (a) Unrestricted general fund 03 appropriations made for a fiscal year may not exceed $4,100,000,000 by more than the 04 cumulative change in inflation since July 1, 2018, derived from federal indices. The 05 determination of the change in inflation for purposes of this subsection shall be based 06 on the Consumer Price Index for all urban consumers for Anchorage prepared by the 07 United States Bureau of Labor Statistics. 08 (b) The appropriation limit in (a) of this section does not apply to an 09 appropriation 10 (1) to the Alaska permanent fund; 11 (2) for payment of permanent fund dividends; 12 (3) required to pay debt obligations of the state; 13 (4) for a capital project; or 14 (5) to meet a state of disaster declared by the governor as prescribed by 15 law. 16 (c) In this section, 17 (1) "capital project" has the meaning given in AS 37.06.090; 18 (2) "program receipts" has the meaning given in AS 37.05.146; 19 (3) "unrestricted general fund" means money deposited in the state 20 treasury that has not been dedicated or designated for use by the Constitution of the 21 State of Alaska or by law; "unrestricted general fund" does not include program 22 receipts or reappropriations. 23 * Sec. 4. AS 37.07.020 is amended by adding a new subsection to read: 24 (f) In addition to the budget and bills submitted under (a) of this section and 25 the fiscal plan submitted under (b) of this section, the governor shall submit a report 26 with a calculation of appropriations in the budget prepared under (a) of this section as 27 applied to the appropriation limit under AS 37.05.545. The report under this 28 subsection must be updated upon submission of the governor's supplemental 29 appropriation bills and the governor's budget amendments under the time limits 30 prescribed in AS 37.07.070. 31 * Sec. 5. AS 37.05.540(b), 37.05.540(c), and 37.05.540(e) are repealed.
01 * Sec. 6. The uncodified law of the State of Alaska is amended by adding a new section to 02 read: 03 APPLICABILITY. AS 37.05.545, added by sec. 3 of this Act, and AS 37.07.020(f), 04 added by sec. 4 of this Act, apply to appropriations that take effect in the fiscal year ending 05 June 30, 2020. 06 * Sec. 7. The uncodified law of the State of Alaska is amended by adding a new section to 07 read: 08 TRANSITION: CALCULATION OF APPROPRIATION LIMIT. Notwithstanding 09 AS 37.05.545(a), added by sec. 3 of this Act, unrestricted general fund appropriations made 10 for the fiscal year ending June 30, 2020, may not exceed $4,100,000,000, excluding 11 appropriations under AS 37.05.545(b), added by sec. 3 of this Act. 12 * Sec. 8. This Act takes effect July 1, 2018.