00 Enrolled SB 171                                                                                                         
01 Amending the National Petroleum Reserve - Alaska special revenue fund to require allocation                             
02 and deposit to the Alaska permanent fund and the public school fund of amounts in the                                   
03 percentages that are prescribed by law of the money obtained by the state as semiannual                                 
04 payments of a share of National Petroleum Reserve - Alaska sales, rentals, bonuses, and                                 
05 royalties received by the federal government that have not been appropriated from the state's                           
06 special revenue fund for grants to municipalities,  to authorize pro rata reductions in those                           
07 fund allocations and deposits if amounts are insufficient to make those deposits in full, and, as                       
08 to amounts received by the state in excess of amounts appropriated for grants to                                        
09 municipalities, to identify a priority of authorization for appropriations to offset past                               
10 deficiencies in allocations and deposits of those funds before appropriations to other state                            
11 funds or for other purposes for which the state may use its share of these payments; and                                
12 directing that appropriations from the fund made as grants for activities, services, and                                
01 facilities shall be identified as capital appropriation items and that the amounts of each item                         
02 shall be specified.                                                                                                     
03                           _______________                                                                               
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.