2015-01-30                     Senate Journal                      Page 0108
of the month (regardless of the number of days in the month) to submit                                                          
the fees. The bill would reduce administrative costs to the State of                                                            
Alaska and benefit vendors by lessening the chance for accidental late                                                          
filings.                                                                                                                        
                                                                                                                                
I urge your prompt and favorable action on this measure.                                                                        
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Bill Walker                                                                                                                     
Governor                                                                                                                        
                                                                                                                                
SB 34                                                                                                                         
SENATE BILL NO. 34 BY THE SENATE RULES COMMITTEE                                                                                
BY REQUEST OF THE GOVERNOR, entitled:                                                                                           
                                                                                                                                
               "An Act relating to investment of the power cost                                                                
              equalization endowment fund; and providing for an                                                                
          effective date."                                                                                                      
                                                                                                                                
was read the first time and referred to the Labor and Commerce and                                                              
Finance Committees.                                                                                                             
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 1, zero, Department of Revenue                                                                                 
                                                                                                                                
Governor's transmittal letter dated January 28:                                                                                 
                                                                                                                                
Dear President Meyer:                                                                                                           
                                                                                                                                
Under the authority of Article III, Section 18 of the Alaska                                                                    
Constitution, I am transmitting a bill relating to the investment of the                                                        
power cost equalization (PCE) endowment fund (AS 42.45.070).                                                                    
                                                                                                                                
The PCE endowment fund provides annual funding for the PCE and                                                                  
rural electric capitalization fund (AS 42.45.100). The primary purpose                                                          
of the PCE and rural electric capitalization fund is to annually fund the                                                       
PCE program, which reduces the cost of energy in areas of the state                                                             
that experience high electric energy costs.