00                             HOUSE BILL NO. 284                                                                          
01 "An Act making an appropriation to the statutory budget reserve fund; making an                                         
02 appropriation under art. IX, sec. 17(c), Constitution of the State of Alaska, from the                                  
03 constitutional budget reserve fund; and providing for an effective date."                                               
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  STATUTORY BUDGET RESERVE FUND.  (a)  Contingent upon the                                             
06 approval of an amendment to the Constitution of the State of Alaska repealing the budget                                
07 reserve fund established by art. IX, sec. 17, Constitution of the State of Alaska, by a majority                        
08 of the voters voting on the amendment at the 2006 general election, the sum of $600,000,000                             
09 is appropriated to the budget reserve fund (AS 37.05.540) from the budget reserve fund (art.                            
10 IX, sec. 17, Constitution of the State of Alaska).                                                                      
11       (b)  The appropriation made by this section is made under art. IX, sec. 17(c),                                    
12 Constitution of the State of Alaska.                                                                                    
13    * Sec. 2.  LAPSE.  The appropriation made by sec. 1 of this Act is for the capitalization of a                     
14 fund and does not lapse.                                                                                                
01    * Sec. 3.  This Act takes effect on the day after the date on which the election returns of the                    
02 2006 general election are certified by the lieutenant governor.