1993-02-22                     Senate Journal                      Page 0437
SB 115                                                                       
SPONSOR SUBSTITUTE FOR SENATE BILL NO. 115 by the                              
Senate Rules Committee by request of the Governor, entitled:                   
                                                                               
                                                                               

1993-02-22                     Senate Journal                      Page 0438
SB 115                                                                       
"An Act establishing the educational facilities                               
maintenance and construction fund; and providing                               
for an effective date."                                                        
 (new title)                                                                   
                                                                               
was read the first time and referred to the Health, Education and              
Social Services, Judiciary and Finance Committees.                             
                                                                               
Zero fiscal note published today from Department of Revenue.                   
                                                                               
Governor's transmittal letter dated February 22:                               
                                                                               
Dear Mr. President:                                                            
                                                                               
Under the authority of art. III, sec. 18, of the Alaska Constitution,          
I am transmitting a sponsor substitute for SB 115 introduced at my             
request earlier this session.                                                  
                                                                               
This sponsor substitute more clearly reflects my intent to establish           
a statutory fund to be used for capital projects for Alaska public             
schools and for maintenance of University of Alaska capital projects.          
This bill establishes the educational facilities maintenance and               
construction fund to ensure a long-term source of money for                    
appropriations for the design, construction, and maintenance of public         
school capital projects and for maintenance of University facilities.          
                                                                               
A companion bill, introduced at my request, would appropriate the              
bulk of the February 1993 British Petroleum settlement to the                  
educational facilities maintenance and construction fund.  This bill,          
establishing that fund, provides for a July1, 1993 effective date to           
correspond to the effective date of that appropriation bill.                   
                                                                               
I urge your favorable action on this important bill.                           
                                                                               
      Sincerely,                                                               
      /s/                                                                      
      Walter J. Hickel                                                         
      Governor