00 HOUSE CS FOR CS FOR SENATE BILL NO. 171(CRA) 01 "An Act amending the National Petroleum Reserve - Alaska special revenue fund to 02 require allocation and deposit to the Alaska permanent fund and the public school fund 03 of amounts in the percentages that are prescribed by law of the money obtained by the 04 state as semiannual payments of a share of National Petroleum Reserve - Alaska sales, 05 rentals, bonuses, and royalties received by the federal government that have not been 06 appropriated from the state's special revenue fund for grants to municipalities, to 07 authorize pro rata reductions in those fund allocations and deposits if amounts are 08 insufficient to make those deposits in full, and, as to amounts received by the state in 09 excess of amounts appropriated for grants to municipalities, to identify a priority of 10 authorization for appropriations to offset past deficiencies in allocations and deposits of 11 those funds before appropriations to other state funds or for other purposes for which 12 the state may use its share of these payments; and directing that appropriations from 01 the fund made as grants for activities, services, and facilities shall be identified as capital 02 appropriation items and that the amounts of each item shall be specified." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 37.05.530(g) is amended to read: 05 (g) The provisions of this subsection apply to amounts [AMOUNTS] 06 received by the state under 42 U.S.C. 6506a(l) or former 42 U.S.C. 6508, as follows: 07 (1) amounts received and not appropriated for grants to municipalities 08 under (d) of this section shall be deposited at the end of each fiscal year as follows: 09 (A) [(1)] 25 percent of amounts received by the state during 10 that fiscal year under 42 U.S.C. 6506a(l) or former 42 U.S.C. 6508 to the 11 principal of the Alaska permanent fund; and 12 (B) [(2)] .5 percent of amounts received by the state during 13 that fiscal year under 42 U.S.C. 6506a(l) or former 42 U.S.C. 6508 to the 14 public school trust fund (AS 37.14.110); 15 (2) if, after making the grants under (d) of this section, the 16 amounts remaining are insufficient to make payment in full of the deposits 17 required by (1)(A) and (B) of this subsection, the deposits shall be allocated pro 18 rata between the fund deposits; 19 (3) the [. THE] amounts remaining after the making of the payment 20 of the deposits in full to the Alaska permanent fund and the public school trust fund 21 under (2) of this subsection may be appropriated 22 (A) first, to each of the funds described in (1)(A) and (B) of 23 this subsection to recover amounts not paid to those funds on or after the 24 effective date of this Act because of deficiencies in making the payments 25 required by (2) of this subsection; and 26 (B) after appropriations authorized by (A) of this 27 paragraph, to the power cost equalization and rural electric capitalization fund 28 (AS 42.45.100); 29 (4) the [. THE] amounts remaining after any appropriation to the 30 power cost equalization and rural electric capitalization fund shall lapse into the 01 general fund for use by the state for the following facilities and services: planning; 02 construction, maintenance, and operation of essential public facilities; and other 03 necessary public services. 04 * Sec. 2. AS 37.05.530(h) is amended to read: 05 (h) In making appropriations from the National Petroleum Reserve - 06 Alaska special revenue fund, the legislature shall identify the grants for activities, 07 services, and facilities as capital appropriation items and shall specify the 08 amounts for each item. Notwithstanding other provisions of law and unless expressly 09 provided by the legislature in the appropriation item making the appropriation, an 10 appropriation from the National Petroleum Reserve - Alaska special revenue fund 11 shall, for the purposes of determining the funding sources for the appropriation, be 12 treated as though the appropriation takes effect in the fiscal year in which the 13 appropriation passes the legislature. The authorization to expend funds appropriated 14 from the fund shall take effect as otherwise provided by law.