00                 SENATE CS FOR CS FOR HOUSE BILL NO. 1(FIN)                                                              
01 "An Act relating to the base student allocation used in the formula for state funding of                                
02 public education; and providing for an effective date."                                                                 
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 14.17.470 is amended to read:                                                                     
05            Sec. 14.17.470.  Base student allocation.  The base student allocation is                                  
06       $4,733 [$4,576].                                                                                              
07    * Sec. 2.  AS 14.17.470, as amended by sec. 1 of this Act, is amended to read:                                     
08            Sec. 14.17.470.  Base student allocation.  The base student allocation is                                  
09       $4,919 [$4,733].                                                                                              
10    * Sec. 3.  The uncodified law of the State of Alaska is amended by adding a new section to                         
11 read:                                                                                                                   
12       CONTINGENT EFFECT OF SECTION 2.   AS 14.17.470, as amended by sec. 2 of                                           
13 this Act, takes effect only if the Twenty-Fourth Alaska State Legislature during its First                              
14 Regular Session passes a version of an Act that entirely replaces the existing defined benefit                          
01 plan for teachers established in AS 14.25 for teachers and members of the teachers' retirement                          
02 system with a defined contribution plan for persons who are first employed as teachers and                              
03 members covered by that system after that Act's effective date, and that entirely replaces the                          
04 existing defined benefit plan for public employees established in AS 39.35 for members of the                           
05 public employees' retirement system with a defined contribution plan for persons who are first                          
06 employed as members covered by that retirement system after that Act's effective date, and                              
07 that Act takes effect on a date that is not later than June 30, 2006.                                                   
08    * Sec. 4.  The uncodified law of the State of Alaska is amended by adding a new section to                         
09 read:                                                                                                                   
10       RETROSPECTIVE EFFECT OF SECTION 2.   If under sec. 3 of this Act, sec. 2 of                                       
11 this Act takes effect, and the effective date of sec. 2 is not earlier than July 1, 2005, and not                       
12 later than June 30, 2006, the amendment made to AS 14.17.470 by sec. 2 of this Act is                                   
13 retrospective to July 1, 2005, and applies to the calculation of the formula for payment of state                       
14 funding of public education under AS 14.17 for state fiscal year 2006.                                                  
15    * Sec. 5.  Section 1 of this Act takes effect July 1, 2005.                                                        
16    * Sec. 6.  If, under sec. 3 of this Act, sec. 2 of this Act takes effect, it takes effect on the                   
17 later of the effective date of sec. 1 of this Act or of the Act described in sec. 3 of this Act.                        
18    * Sec. 7.  Sections 3 and 4 of this Act take effect immediately under AS 01.10.070(c).