CSSJR 52(FIN): Proposing amendments to the Constitution of the State of Alaska relating to the budget reserve fund.
00CS FOR SENATE JOINT RESOLUTION NO. 52(FIN) 01 Proposing amendments to the Constitution of the State of Alaska relating to the 02 budget reserve fund. 03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. Article IX, sec. 17(b), Constitution of the State of Alaska, is repealed and 05 reenacted to read: 06 (b) The purpose of the budget reserve fund is to help stabilize State spending 07 from year to year. Money in the budget reserve fund shall be treated as general funds 08 except that it may not be used to increase the amount of appropriations from the 09 general fund, including appropriations from the budget reserve fund, over the prior 10 year's amount. For purposes of this section, money from the budget reserve fund shall 11 be considered to be the last used in a fiscal year. The legislature shall implement this 12 subsection by law. 13 * Sec. 2. Article IX, sec. 17(c), Constitution of the State of Alaska, is repealed and 14 reenacted to read:
01 (c) Notwithstanding (b) of this section, appropriations of money in the budget 02 reserve fund may be made for any public purpose, including purposes that would serve 03 to increase general fund spending over the prior year's level, upon an affirmative vote 04 of three-fourths of the members of each house of the legislature. The legislature shall 05 implement this subsection by law. 06 * Sec. 3. Article IX, sec. 17(d), Constitution of the State of Alaska, is repealed. 07 * Sec. 4. The amendments proposed by this resolution shall be placed before the voters of 08 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the 09 State of Alaska, and the election laws of the state.