SB 104: "An Act relating to an appropriation limit; relating to the budget responsibilities of the governor; and providing for an effective date."
00 SENATE BILL NO. 104 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. AS 37.05.540(a) is amended to read: 05 (a) There is established as a separate fund in the state treasury the budget 06 reserve fund. The budget reserve fund consists of appropriations to the fund. 07 [MONEY RECEIVED BY THE STATE THAT IS SUBJECT TO THE 08 APPROPRIATION LIMIT UNDER (b) OF THIS SECTION AND THAT EXCEEDS 09 THAT LIMIT, MAY BE APPROPRIATED TO THE BUDGET RESERVE FUND.] 10 * Sec. 2. AS 37.05 is amended by adding a new section to read: 11 Sec. 37.05.545. Appropriation limit. (a) Unrestricted general fund 12 appropriations made for a fiscal year may not exceed $5,000,000,000 by more than the 13 average change in inflation in the previous five fiscal years. In this subsection, the 14 change in inflation shall be based on the Consumer Price Index for Anchorage,
01 Alaska. 02 (b) The appropriation limit in (a) of this section does not apply to an 03 appropriation 04 (1) to the principal of the Alaska permanent fund; 05 (2) required to pay debt obligations of the state; 06 (3) to meet a state of disaster declared by the governor as prescribed by 07 law; or 08 (4) of money to a state savings account or fund that requires a 09 subsequent appropriation from that account or fund. 10 (c) In this section, 11 (1) "program receipts" has the meaning given in AS 37.05.146; 12 (2) "unrestricted general fund" means money deposited in the state 13 treasury that has not been dedicated or designated for use by the Constitution of the 14 State of Alaska or by law; "unrestricted general fund" does not include program 15 receipts or reappropriations. 16 * Sec. 3. AS 37.07.020 is amended by adding a new subsection to read: 17 (f) In addition to the budget and bills submitted under (a) of this section and 18 the fiscal plan submitted under (b) of this section, the governor shall submit a report 19 with a calculation of appropriations in the budget prepared under (a) of this section as 20 applied to the appropriation limit under AS 37.05.545. The report under this 21 subsection must be updated upon submission of the governor's supplemental 22 appropriation bills and the governor's budget amendments under the time limits 23 prescribed in AS 37.07.070. 24 * Sec. 4. AS 37.05.540(b), 37.05.540(c), and 37.05.540(e) are repealed. 25 * Sec. 5. The uncodified law of the State of Alaska is amended by adding a new section to 26 read: 27 APPLICABILITY. AS 37.05.545, added by sec. 2 of this Act, and AS 37.07.020(f), 28 added by sec. 3 of this Act, apply to appropriations that take effect in the fiscal year ending 29 June 30, 2021. 30 * Sec. 6. The uncodified law of the State of Alaska is amended by adding a new section to 31 read:
01 TRANSITION: CALCULATION OF APPROPRIATION LIMIT. Notwithstanding 02 AS 37.05.545(a), added by sec. 2 of this Act, unrestricted general fund appropriations made 03 for the fiscal year ending June 30, 2021, may not exceed $5,000,000,000, excluding 04 appropriations under AS 37.05.545(b), added by sec. 2 of this Act. 05 * Sec. 7. This Act takes effect July 1, 2019.