00                             HOUSE BILL NO. 127                                                                          
01 "An Act providing that the Alaska Railroad Corporation is subject to the Executive                                      
02 Budget Act and providing that expenditures of the Alaska Railroad Corporation are                                       
03 subject to appropriation; and providing for an effective date."                                                         
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1. The uncodified law of the State of Alaska is amended by adding a new section                          
06 to read:                                                                                                                
07       PURPOSE. The purpose of this Act is to direct the Alaska Railroad Corporation to be                               
08 responsible for the management of the financial and legal obligations of the Alaska Railroad,                           
09 subject to AS 37.07 (Executive Budget Act), and to be responsible for the operating, capital,                           
10 and debt service expenditures of the corporation in accordance with appropriations made by                              
11 the legislature.                                                                                                        
12    * Sec. 2. AS 37.07.120(1) is amended to read:                                                                      
13                 (1)  "agency" means a department, officer, institution, board,                                          
14       commission, bureau, division, or other administrative unit forming the state                                      
01       government and includes the Alaska Railroad Corporation, the Alaska Pioneers'                                 
02       Home, the Alaska Veterans' Home, and the University of Alaska, but does not include                               
03       the legislature or the judiciary;                                                                                 
04    * Sec. 3. AS 40.25.115(i) is amended to read:                                                                      
05            (i)  A public agency other than a municipality [OR THE ALASKA                                                
06       RAILROAD CORPORATION] shall separately account for the fees received by the                                       
07       agency under this section and deposited in the general fund. The annual estimated                                 
08       balance in the account may be used by the legislature to make appropriations to the                               
09       agency to carry out the activities of the agency.                                                                 
10    * Sec. 4. AS 42.40.540 is amended to read:                                                                         
11            Sec. 42.40.540. Appropriations. The corporation shall [MAY] request, in                            
12       accordance with AS 37.07, appropriations [THE CONCURRENCE OF THE                                          
13       GOVERNOR, A DIRECT APPROPRIATION OR GRANT] from the legislature to                                                
14       carry [ASSIST IN CARRYING] out the provisions of this chapter.                                                
15    * Sec. 5. AS 42.40.100(4) and 42.40.920(b)(6) are repealed.                                                        
16    * Sec. 6. The uncodified law of the State of Alaska is amended by adding a new section to                          
17 read:                                                                                                                   
18       PREPARATION AND SUBMISSION OF FIRST ANNUAL BUDGET OF THE                                                          
19 ALASKA RAILROAD CORPORATION UNDER AS 37.07. The Alaska Railroad                                                         
20 Corporation shall prepare its first agency program and financial plan under AS 37.07 for                                
21 consideration by the governor in the development of the governor's recommended operating                                
22 and capital improvements programs and financial plans that are submitted to the legislature at                          
23 the next regular session of the legislature that convenes following the effective date of this                          
24 Act.                                                                                                                    
25    * Sec. 7. This Act takes effect immediately under AS 01.10.070(c).