HB 535: "An Act making appropriations for capital project matching grant funds and for capital projects; and providing for an effective date."
00HOUSE BILL NO. 535 01 "An Act making appropriations for capital project matching grant funds and for 02 capital projects; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. Federal or other program receipts as defined under AS 37.05.146 that exceed 05 the amount appropriated by sec. 8 of this Act are appropriated conditioned upon compliance 06 with the program review provisions of AS 37.07.080(h). 07 * Sec. 2. The sum of $18,325,000 is appropriated from the general fund to the municipal 08 capital project matching grant fund (AS 37.06.010(b)) in the Department of Administration 09 to provide grants to municipalities under the municipal capital project matching grant program. 10 * Sec. 3. The sum of $1,675,000 is appropriated from the general fund to the 11 unincorporated community capital project matching grant fund (AS 37.06.020(b)) in the 12 Department of Community and Regional Affairs to provide grants to unincorporated 13 communities under the unincorporated community capital project matching grant program. 14 * Sec. 4. (a) An amount equal to the sum of the balances of the individual grant accounts
01 established under AS 37.06.010 as of close of business on June 30, 1994 multiplied by the 02 average percentage rate at which interest is received by other accounts in the state's general 03 investment fund that receive interest during fiscal year 1994, is appropriated from the general 04 fund to the municipal capital project matching grant fund (AS 37.06.010). 05 (b) The appropriation made by (a) of this section is allocated pro rata to the individual 06 grant accounts established under AS 37.06.010 according to the portion of the sum of the 07 balances of those individual grant accounts as of close of business on June 30, 1994 that is 08 attributable to each individual grant account. 09 * Sec. 5. (a) An amount equal to the sum of the balances of the individual grant accounts 10 established under AS 37.06.020 as of close of business on June 30, 1994 multiplied by the 11 average percentage rate at which interest is received by other accounts in the state's general 12 investment fund that receive interest during fiscal year 1994, is appropriated from the general 13 fund to the unincorporated community capital project matching grant fund (AS 37.06.020). 14 (b) The appropriation made by (a) of this section is allocated pro rata to the individual 15 grant accounts established under AS 37.06.020 according to the portion of the sum of the 16 balances of those individual grant accounts as of close of business on June 30, 1994 that is 17 attributable to each individual grant account. 18 * Sec. 6. (a) Subject to the condition set out in (b) of this section, an amount not to 19 exceed the unexpended matching balances of the appropriations set out in the Office of 20 Management and Budget Capital Authorization Status Report as of May 1, 1994 for highway 21 planning, design, construction, and related activities, is appropriated from the sources of those 22 appropriations to the Department of Transportation and Public Facilities for the purpose of 23 highway planning, design, construction, and related activities. 24 (b) Money may be expended under the appropriation made by (a) of this section only 25 to the extent that the Department of Transportation and Public Facilities records a reduction 26 of expenditure authorization with the Department of Administration for an appropriation for 27 highway planning, design, construction, and related activities, set out in the Office of 28 Management and Budget Capital Authorization Status Report as of May 1, 1994. 29 * Sec. 7. (a) Subject to the condition set out in (b) of this section, an amount not to 30 exceed the unexpended matching balances of the appropriations set out in the Office of 31 Management and Budget Capital Authorization Status Report as of May 1, 1994 for aviation
01 planning, design, construction, and related activities, is appropriated from the sources of those 02 appropriations to the Department of Transportation and Public Facilities for the purpose of 03 aviation planning, design, construction, and related activities. 04 (b) Money may be expended under the appropriation made by (a) of this section only 05 to the extent that the Department of Transportation and Public Facilities records a reduction 06 of expenditure authorization with the Department of Administration for an appropriation for 07 aviation planning, design, construction, and related activities, set out in the Office of 08 Management and Budget Capital Authorization Status Report as of May 1, 1994. 09 (SECTION 8 OF THIS ACT BEGINS ON PAGE 4)