00                             SENATE BILL NO. 25                                                                          
01 "An Act relating to inactive state accounts and funds; relating to the curriculum                                       
02 improvement and best practices fund; relating to the fuel emergency fund and fuel                                       
03 emergency grants; relating to the special Alaska Historical Commission receipts                                         
04 account; relating to the rural electrification revolving loan fund and loans from the                                   
05 fund; relating to the Southeast energy fund and grants from the fund; and relating to                                   
06 the Exxon Valdez oil spill unincorporated rural community grant fund and grants from                                    
07 the fund."                                                                                                              
08 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
09    * Section 1. AS 24.20.231 is amended to read:                                                                      
10            Sec. 24.20.231. Duties. The legislative finance division shall                                             
11                 (1)  analyze the budget and appropriation requests of each department,                                  
12       institution, bureau, board, commission, or other agency of state government;                                      
13                 (2)  analyze the revenue requirements of the state;                                                     
01                 (3)  provide the finance committees of the legislature with                                             
02       comprehensive budget review and fiscal analysis services;                                                         
03                 (4)  cooperate with the office of management and budget in establishing                                 
04       a comprehensive system for state budgeting and financial management as set out in                                 
05       AS 37.07 (Executive Budget Act);                                                                                  
06                 (5)  complete studies and prepare reports, memoranda, or other                                          
07       materials as directed by the Legislative Budget and Audit Committee;                                              
08                 (6)  with the governor's permission, designate the legislative fiscal                                   
09       analyst to serve ex officio on the governor's budget review committee;                                            
10 (7)  identify the actual reduction in state expenditures in the first fiscal                                            
11 year following a review under AS 44.66.040 resulting from that review and inform the                                    
12       Legislative Budget and Audit Committee of the amount of the reduction; and                                        
13 (8)  not later than the first legislative day of each first regular session of                                          
14       each legislature,                                                                                                 
15 (A)  conduct a review in accordance with AS 24.20.235 of the                                                        
16            report provided to the division under AS 43.05.095; and                                                  
17 (B)  conduct a review of inactive state accounts and funds,                                                         
18 make recommendations regarding which inactive state accounts and                                                    
19 funds, if any, should be repealed, and submit an electronic report of the                                           
20 division's recommendations to the governor, the president of the senate,                                            
21 the speaker of the house of representatives, the chair of the finance                                               
22 committee of each house of the legislature, the senate secretary, and the                                           
23 chief clerk of the house of representatives, and notify the legislature that                                        
24            the report is available.                                                                                 
25    * Sec. 2. AS 37.07.020 is amended by adding a new subsection to read:                                              
26 (g)  The governor shall review the report submitted by the legislative finance                                          
27 division under AS 24.20.231(8)(B) and may introduce legislation in accordance with                                      
28       the report.                                                                                                       
29    * Sec. 3. AS 14.07.182; AS 26.23.400; AS 41.35.380; AS 42.45.020, 42.45.040; and                                   
30 AS 44.33.115 are repealed.