00                      HOUSE JOINT RESOLUTION NO. 23                                                                     
01 Proposing amendments 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. Except for appropriations for Alaska                                                   
06 permanent fund dividends, appropriations to the Alaska permanent fund,                                                
07 appropriations of revenue bond and general obligation bond proceeds,                                                  
08 appropriations required to pay the principal and interest on revenue bonds and                                        
09 general obligation bonds, appropriations to a State account or fund that requires a                                   
10 subsequent appropriation from that account or fund as prescribed by law,                                              
11 appropriations to meet a state of disaster declared by the governor as prescribed                                     
12 by law, and appropriations of money received from a non-State source in trust for a                                   
13 specific purpose, including revenues of a public enterprise or public corporation of the                                
14 State that issues revenue bonds, appropriations from the treasury made for a fiscal year                                
15 shall not exceed an amount equal to a percentage of the average of the value of the                                   
16 real gross domestic product of the State as estimated by the federal bureau                                           

01 responsible for economic analysis according to federal law, expressed in current                                      
02 dollars, for the five fiscal years immediately preceding the prior fiscal year. The                                   
03 percentage shall be established by law that is not a law enacted as an                                                
04 appropriation bill or fourteen percent, whichever is less. Upon an affirmative                                        
05 vote of two-thirds of the membership of each house, the legislature may                                               
06 appropriate an additional amount for capital improvements in excess of the limit                                      
07 under this section, except that the total amount appropriated shall not exceed an                                     
08 amount equal to fourteen percent of the average calculated under this section.                                        
09 The value of the real gross domestic product in this section shall not include                                        
10 expenditures for government spending [$2,500,000,000 BY MORE THAN THE                                                 
11 CUMULATIVE CHANGE, DERIVED FROM FEDERAL INDICES AS                                                                      
12 PRESCRIBED BY LAW, IN POPULATION AND INFLATION SINCE JULY 1,                                                            
13 1981. WITHIN THIS LIMIT, AT LEAST ONE-THIRD SHALL BE RESERVED                                                           
14 FOR CAPITAL PROJECTS AND LOAN APPROPRIATIONS. THE                                                                       
15 LEGISLATURE MAY EXCEED THIS LIMIT IN BILLS FOR APPROPRIATIONS                                                           
16 TO THE ALASKA PERMANENT FUND AND IN BILLS FOR                                                                           
17 APPROPRIATIONS FOR CAPITAL PROJECTS, WHETHER OF BOND                                                                    
18 PROCEEDS OR OTHERWISE, IF EACH BILL IS APPROVED BY THE                                                                  
19 GOVERNOR, OR PASSED BY AFFIRMATIVE VOTE OF THREE-FOURTHS OF                                                             
20 THE MEMBERSHIP OF THE LEGISLATURE OVER A VETO OR ITEM VETO,                                                             
21 OR BECOMES LAW WITHOUT SIGNATURE, AND IS ALSO APPROVED BY                                                               
22 THE VOTERS AS PRESCRIBED BY LAW. EACH BILL FOR APPROPRIATIONS                                                           
23 FOR CAPITAL PROJECTS IN EXCESS OF THE LIMIT SHALL BE CONFINED                                                           
24 TO CAPITAL PROJECTS OF THE SAME TYPE, AND THE VOTERS SHALL, AS                                                          
25 PROVIDED BY LAW, BE INFORMED OF THE COST OF OPERATIONS AND                                                              
26 MAINTENANCE OF THE CAPITAL PROJECTS. NO OTHER APPROPRIATION                                                             
27 IN EXCESS OF THIS LIMIT MAY BE MADE EXCEPT TO MEET A STATE OF                                                           
28 DISASTER DECLARED BY THE GOVERNOR AS PRESCRIBED BY LAW. THE                                                             
29 GOVERNOR SHALL CAUSE ANY UNEXPENDED AND UNAPPROPRIATED                                                                  
30 BALANCE TO BE INVESTED SO AS TO YIELD COMPETITIVE MARKET                                                                
31       RATES TO THE TREASURY].                                                                                           

01    * Sec. 2. Article XV, Constitution of the State of Alaska, is amended by adding a new                                
02 section to read:                                                                                                        
03            Section 30. Application of Appropriation Limit. The 2022 amendment                                           
04       limiting appropriation increases applies to appropriations made for the fiscal year                               
05       ending June 30, 2024, and thereafter.                                                                             
06    * Sec. 3. The amendments proposed by this resolution shall be placed before the voters of                            
07 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the                        
08 State of Alaska, and the election laws of the state.