HB 500: "An Act making capital and other appropriations; and providing for an effective date."
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)