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30th Legislature(2017-2018)

Bill Text 30th Legislature

00 Enrolled SB 107                                                                                                         
01 Relating to the Alaska capital income fund.                                                                             
02                            _______________                                                                              
03    * Section 1. AS 37.05.565(b) is amended to read:                                                                     
04 (b)  Money may be appropriated from the Alaska capital income fund for state                                          
05 facilities preventive or deferred maintenance [ANY PUBLIC PURPOSE],                                                   
06 including replacement of parts, systems, or components, or other activities needed                                    
07 to preserve or maintain state assets, and to cover annual debt service and reserves                                   
08 for debt service on bonds authorized by state law. Nothing in this subsection creates a                                 
09       dedicated fund.                                                                                                   
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