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HB 55: "An Act making appropriations for the operating and loan program expenses of state government and to capitalize funds; and providing for an effective date."

00HOUSE BILL NO. 55 01 "An Act making appropriations for the operating and loan program expenses of 02 state government and to capitalize funds; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. Included within the general fund amounts appropriated in this Act, the 05 following amounts are from the unreserved special accounts in the general fund: 06 Highway fuel tax account $21,500,000 07 Aviation fuel tax account 10,500,000 08 * Sec. 2. Federal or other program receipts as defined under AS 37.05.146 that exceed the 09 amounts appropriated in this Act are appropriated conditioned upon compliance with the 10 program review provisions of AS 37.07.080(h). 11 * Sec. 3. If federal or other program receipts as defined under AS 37.05.146 exceed the 12 estimates appropriated by this Act, the appropriation from state funds for the affected program 13 may be reduced by the amount of the excess if the reductions are consistent with applicable 14 federal statutes.

01 * Sec. 4. Except as provided in sec. 5 of this Act, if federal or other program receipts as 02 defined under AS 37.05.146 fall short of the estimates appropriated by this Act, the affected 03 appropriation is reduced by the amount of the shortfall in receipts. 04 * Sec. 5. If the federal receipts under 42 U.S.C. 1397 - 1397f (Title XX of the Social 05 Security Act) fall short of the estimate, the amount of the shortfall is appropriated from the 06 general fund. 07 * Sec. 6. (a) Amounts equivalent to the amounts to be received in settlement of insurance 08 claims for losses and the amounts to be received as recovery for losses are appropriated from 09 the general fund to the state insurance catastrophe reserve account established by 10 AS 37.05.289. 11 (b) Amounts equivalent to the amounts to be received in settlement of claims against 12 bonds guaranteeing the reclamation of state land are appropriated from the general fund to the 13 agency secured by the bond. This appropriation is made for the purpose of reclaiming state 14 land affected by a use covered by the bond. 15 (c) The appropriations made in this section are contingent upon compliance with the 16 program review provisions of AS 37.07.080(h). 17 * Sec. 7. The amount required to pay interest on revenue anticipation notes issued by the 18 commissioner of revenue under AS 43.08 is appropriated from the general fund to the 19 Department of Revenue. 20 * Sec. 8. The amount required to be paid by the state for the principal of and interest on 21 all issued and outstanding state-guaranteed bonds is appropriated from the general fund to the 22 state bond committee to make all payments by the state required under its guarantee for 23 principal and interest. 24 * Sec. 9. The sum of $7,555,288 is appropriated from the international airports revenue 25 fund (AS 37.15.430) to the state bond committee for payment of debt service and trustee fees 26 on outstanding international airports revenue bonds. 27 * Sec. 10. The amount of the rebate requirement, as defined by Resolution No. 86-5 of the 28 state bond committee, is appropriated from the international airports revenue fund 29 (AS 37.15.430) to the state bond committee for deposit in the rebate fund established by 30 Resolution No. 86-5 of the state bond committee. 31 * Sec. 11. (a) The sum of $11,143,807 is appropriated from the general fund to the Alaska

01 debt retirement fund (AS 37.15.011). 02 (b) The sum of $11,143,807 is appropriated from the Alaska debt retirement fund 03 (AS 37.15.011) to the state bond committee for lease payments to the Alaska Housing Finance 04 Corporation, City of Seward, City of Palmer, City of Kenai, and the Department of Natural 05 Resources. 06 * Sec. 12. (a) The sum of $34,009,975 is appropriated from the general fund to the Alaska 07 debt retirement fund (AS 37.15.011). 08 (b) The sum of $34,009,975 is appropriated from the Alaska debt retirement fund 09 (AS 37.15.011) to the state bond committee for payment of debt service and trustee fees on 10 state general obligation bonds. 11 * Sec. 13. (a) The sum of $99,795,200 is appropriated from the general fund to the Alaska 12 debt retirement fund (AS 37.15.011). 13 (b) The sum of $99,795,200 is appropriated from the Alaska debt retirement fund 14 (AS 37.15.011) to the Department of Education for state aid for costs of school construction 15 under AS 14.11.100. 16 * Sec. 14. The income of the Alaska permanent fund allocated annually to pay permanent 17 fund dividends as provided in AS 43.23.045(b) is appropriated to the dividend fund 18 (AS 43.23.045(a)) for the payment of the 1993 permanent fund dividend and administrative 19 and associated costs. 20 * Sec. 15. (a) The amount calculated under AS 37.13.145 to offset the effect of inflation 21 on the principal of the Alaska permanent fund is appropriated to the principal of the Alaska 22 permanent fund from the income of the Alaska permanent fund that remains after money is 23 transferred to the dividend fund under sec. 14 of this Act. 24 (b) If the amount appropriated under (a) of this section is not sufficient to fully offset 25 the effect of inflation, then the additional amount necessary to fully inflation-proof the 26 principal of the Alaska permanent fund is appropriated from the earnings reserve account 27 (AS 37.13.145) to the principal of the Alaska permanent fund. 28 * Sec. 16. The interest earned during fiscal year 1994 on revenue from the sources set out 29 in AS 37.13.010 while the revenue is held in trust, escrow, or otherwise before receipt of the 30 revenue by the state is appropriated to the principal of the Alaska permanent fund. 31 * Sec. 17. The amount required to be deposited under AS 37.13.010(a)(1) and (2) during

01 fiscal year 1994 is appropriated to the principal of the Alaska permanent fund in satisfaction 02 of that requirement. 03 * Sec. 18. The lapsing balance of the employment assistance and training program account 04 (sec. 3, ch. 95, SLA 1989) on June 30, 1993, is appropriated to the unemployment 05 compensation fund (AS 23.20.130) on July 1, 1993. 06 * Sec. 19. (a) Except as provided in (b) and (c) of this section, all unrestricted mortgage 07 loan interest payments and all other unrestricted receipts, including, without limitation, 08 mortgage loan commitment fees, received by or accrued to the Alaska Housing Finance 09 Corporation during the fiscal year 1994, and all income earned on assets of the corporation 10 during that period, are appropriated to the Alaska housing finance revolving fund 11 (AS 18.56.082) for the purposes described in AS 18.56. 12 (b) All unrestricted mortgage loan interest payments and all other unrestricted receipts, 13 including, without limitation, mortgage loan commitment fees, received by or accrued to the 14 housing assistance loan fund (AS 18.56.420) in the Alaska Housing Finance Corporation 15 during the fiscal year 1994, and all income earned on assets of that fund during that period, 16 are appropriated to the housing assistance loan fund in the Alaska Housing Finance 17 Corporation for the purposes of that fund. 18 (c) All unrestricted mortgage loan interest payments and all other unrestricted receipts, 19 including, without limitation, mortgage loan commitment fees, received by or accrued to the 20 senior housing revolving fund (AS 18.56.710) in the Alaska Housing Finance Corporation 21 during the fiscal year 1994, and all income earned on assets of that fund during that period, 22 are appropriated to the senior housing revolving fund in the Alaska Housing Finance 23 Corporation for the purposes of that fund. 24 * Sec. 20. The sum of $6,502,800 is appropriated to the general fund, as an additional 25 revenue source, from the following enterprise fund in the amount listed: 26 Commercial fishing revolving loan fund (AS 16.10.340) $5,002,800 27 Agricultural revolving loan fund (AS 03.10.040) 1,500,000 28 * Sec. 21. The sum of $26,800,000 is appropriated from the general fund to the oil and 29 hazardous substance release response fund (AS 46.08.010). 30 * Sec. 22. The balance of the oil and hazardous substance release mitigation account 31 (AS 46.04.010 and AS 46.08.020) on July 1, 1993, is appropriated to the oil and hazardous

01 substance release response fund (AS 46.08.010). 02 * Sec. 23. The unexpended and unobligated balance of the oil and hazardous substance 03 release response fund (AS 46.08.010) on July 1, 1993, not otherwise appropriated by sec. 35 04 of this Act, is appropriated to the Department of Environmental Conservation for fiscal year 05 1994 for spill reserve. 06 * Sec. 24. The sum of $10,772,900 is appropriated to the following departments, from the 07 following sources, for costs relating to legal proceedings and audit activity involving oil and 08 gas revenue due or paid to the state or state title to oil and gas land, for the fiscal year ending 09 June 30, 1994: 10 Department of Law 11 General fund $7,608,400 12 State corporation receipts 2,750,000 13 Department of Revenue 14 General fund 414,500 15 * Sec. 25. The sum of $3,788,400 is appropriated from the general fund to the Department 16 of Natural Resources for costs associated with fire suppression for the fiscal year ending June 17 30, 1994. 18 * Sec. 26. The sum of $7,945,200 is appropriated to the disaster relief fund 19 (AS 26.23.300), for the fiscal year ending June 30, 1994, from the following sources: 20 Federal receipts $5,000,000 21 General fund 2,945,200 22 * Sec. 27. The sum of $23,862,100 is appropriated to the information services fund 23 (AS 44.21.045) for the Department of Administration, division of information services 24 programs from the following sources: 25 General fund $ 2,561,600 26 General fund program receipts 55,000 27 Inter-agency receipts 21,245,500 28 * Sec. 28. The sum of $29,000,000 is appropriated from the general fund to the Alaska 29 marine highway system fund (AS 19.65.060) to continue to provide stable services to the 30 public. 31 * Sec. 29. The sum of $2,068,200 is appropriated from the general fund to the fisheries

01 enhancement revolving loan fund (AS 16.10.505) for the fisheries enhancement loan programs. 02 * Sec. 30. The sum of $2,000,000 is appropriated from the mental health trust income 03 account (AS 37.14.011) to the unreserved portion of the general fund for statewide indirect 04 cost recovery related to mental health programs. 05 * Sec. 31. (a) The sum of $6,491,500 is appropriated from the oil and hazardous substance 06 release mitigation account (AS 46.04.010 and AS 46.08.020) to the storage tank assistance 07 fund (AS 46.03.410) for the fiscal year ending June 30, 1994. 08 (b) The fiscal year 1994 general fund receipts of the tank registration fee program 09 under AS 46.03.385 are appropriated to the storage tank assistance fund (AS 46.03.410). 10 * Sec. 32. The balance on June 30, 1993, of the Safety Advisory Council program receipts 11 account for the fiscal year 1993 is appropriated to the Safety Advisory Council for costs of 12 the 1994 annual governor's safety conference. 13 * Sec. 33. If the unrestricted state revenue available for appropriation in fiscal year 1994 14 is insufficient to cover the general fund appropriations made for fiscal year 1994, the amount 15 necessary to balance revenue and general fund appropriations is appropriated to the general 16 fund from the budget reserve fund (AS 37.05.540). 17 * Sec. 34. The appropriations made by secs. 19, 27, 28, 29, and 31 of this Act are for 18 capitalization of funds and do not lapse under AS 37.25.010. 19 (SECTION 35 BEGINS ON PAGE 7)