00HOUSE BILL NO. 500                                                                                                      
01 "An Act making capital and other appropriations; and providing for an effective                                         
02 date."                                                                                                                  
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  CAPITAL PROJECT MATCHING GRANT PROGRAMS.  (a)  The sum of                                              
05 $13,300,000 is appropriated from the general fund to the municipal capital project matching                             
06 grant fund (AS 37.06.010(b)) in the Department of Administration to provide grants to                                   
07 municipalities under the municipal capital project matching grant program.                                              
08  (b)  The sum of $1,700,000 is appropriated from the general fund to the unincorporated                                 
09 community capital project matching grant fund (AS 37.06.020(b)) in the Department of                                    
10 Community and Regional Affairs to provide grants to unincorporated communities under the                                
11 unincorporated community capital project matching grant program.                                                        
12  (c)  An amount equal to the interest earned on money in the individual grant accounts                                  
13 in the municipal capital project matching grant fund (AS 37.06.010(b)) and the unincorporated                           
14 community capital project matching grant fund (AS 37.06.020(b)) is appropriated from the                                

01 general fund to the respective fund.  The interest shall be based on the average percentage                             
02 interest rate received by other accounts in the state's general investment fund that received                           
03 interest during fiscal year 1996.  The appropriations made by this subsection are allocated pro                         
04 rata to each individual grant account based on its balance as of the close of business on                               
05 June 30, 1996.                                                                                                          
06    * Sec. 2.  FEDERAL OR OTHER PROGRAM RECEIPTS.  Federal or other program                                              
07 receipts as defined under AS 37.05.146 that exceed the amount appropriated by sec. 5 of this                            
08 Act are appropriated conditioned upon compliance with the program review provisions of                                  
09 AS 37.07.080(h).                                                                                                        
10    * Sec. 3.  TECHNOLOGY EQUIPMENT LEASE.  The sum of $1,400,000 is appropriated                                        
11 from the general fund to the Department of Revenue, state bond committee, for lease                                     
12 payments for the initial term of a technology equipment lease for state agencies.                                       
13    * Sec. 4.  LAPSE PROVISIONS.  (a)  The appropriations made by sec. 1 of this Act are                                 
14 to capitalize funds and do not lapse under AS 37.25.010.                                                                
15  (b)  The appropriations made by sec. 2 of this Act are for capital projects and lapse                                  
16 under AS 37.25.020.                                                                                                     
17                        (SECTION 5 OF THIS ACT BEGINS ON PAGE 3)