00CS FOR SENATE BILL NO. 373(FIN)                                                                                         
01 "An Act relating to a comprehensive state financial plan and to the Solving                                             
02 Alaska's Fiscal Exigency (S.A.F.E.) Commission; and providing for an effective                                          
03 date."                                                                                                                  
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  SOLVING ALASKA'S FISCAL EXIGENCY COMMISSION.  (a)  There is                                            
06 created in the legislative branch the Solving Alaska's Fiscal Exigency (S.A.F.E.) Commission                            
07 to develop a comprehensive six-year financial plan for the state.  The commission consists of                           
08 the governor or the governor's designee, two public members appointed by the governor, the                              
09 president of the senate or the president's designee, two public members appointed by the                                
10 president of the senate, the speaker of the house of representatives or the speaker's designee,                         
11 and two public members appointed by the speaker of the house of representatives.  The public                            
12 members may not be elected officials of the state.  The members of the commission shall elect                           
13 public members to serve as chair and vice-chair of the commission.                                                      
14  (b)  The commission shall                                                                                              

01   (1)  review and identify anticipated state expenditures, recurring revenue,                                           
02 reserves, and potential revenue sources;                                                                                
03   (2)  review and identify fiscal assumptions concerning state finances that have                                       
04 been made by planners and financial managers in government and the private sector;                                      
05   (3)  recommend strategies for generating sustainable sources of future state                                          
06 revenue and legislation to implement the recommendations;                                                               
07   (4)  if new taxes are recommended, investigate specific tax structures and                                            
08 revenue consequences and submit draft legislation to implement the recommendations;                                     
09   (5)  disseminate information and solicit public input from the various regions                                        
10 of the state in the development and review of the proposed financial plan and tax proposals;                            
11   (6)  review state programs, especially formula-driven programs, and recommend                                         
12 deductions in state expenditures to reach a sustainable level;                                                          
13   (7)  recommend structural changes to the way the state budget is prepared to                                          
14 ensure that the governor and the legislature have information on which to base decisions.                               
15  (c)  The commission may                                                                                                
16   (1) hire staff;                                                                                                       
17   (2) hold public hearings; and                                                                                         
18   (3) adopt rules for the conduct of its business.                                                                      
19  (d)  Public members of the commission are entitled to per diem and travel expenses                                     
20 authorized under AS 39.20.180.                                                                                          
21  (e)  The commission shall submit a final report to the legislature on or before                                        
22 February 1, 1995.  The report must contain a comprehensive state financial plan for fiscal                              
23 years 1996 - 2001, together with recommended legislation to implement the plan.  The                                    
24 commission is terminated February 1, 1995.                                                                              
25    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).