00                             SENATE BILL NO. 206                                                                         
01 "An Act repealing the Alaska children's trust; and providing for an effective date."                                    
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1. AS 18.50.225(d), 18.50.272(e); AS 28.10.181(t), 28.10.421(d)(14);                                     
04 AS 37.05.146(c)(20); AS 37.14.200, 37.14.210, 37.14.220, 37.14.225, 37.14.230, 37.14.240,                               
05 37.14.250, 37.14.260, and 37.14.270 are repealed.                                                                       
06    * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to                          
07 read:                                                                                                                   
08       TRANSITION. The unencumbered balance of funds held in the Alaska children's trust                                 
09 (AS 37.14.200) revert to the general fund on the effective date of this Act.                                            
10    * Sec. 3. The uncodified law of the State of Alaska is amended by adding a new section to                          
11 read:                                                                                                                   
12       CONTINGENT EFFECT. This Act is contingent on passage by the Second Regular                                        
13 Session of the Twenty-Fifth Alaska State Legislature and enactment into law of a bill                                   
14 appropriating an amount equal to the unencumbered balance of the funds described in sec. 2                              
15 of this Act as a grant to The Alaska Community Foundation, a nonprofit organization, for                                
01 community activities and programs.                                                                                      
02    * Sec. 4. If, under sec. 3 of this Act, this Act takes effect, it takes effect on the effective date               
03 of the appropriation bill described in sec. 3 of this Act.