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SJR 30: Proposing amendments to the Constitution of the State of Alaska relating to the budget reserve fund.

00SENATE JOINT RESOLUTION NO. 30 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 amended to read: 05  (b) The purpose of the budget reserve fund is to help stabilize State 06 spending from year to year. If the amount of unrestricted revenue available [FOR 07 APPROPRIATION] for a fiscal year is less than the combined amount of unrestricted 08 revenue and money from the fund appropriated for the previous fiscal year, an 09 appropriation may be made from the budget reserve fund. However, the amount 10 appropriated from the fund under this subsection may not exceed the amount necessary 11 [, WHEN ADDED TO OTHER FUNDS AVAILABLE FOR APPROPRIATION,] to 12 provide for total appropriations from unrestricted revenue and from the fund equal 13 to the amount of appropriations made from those sources [IN THE PREVIOUS 14 CALENDAR YEAR] for the previous fiscal year. The legislature shall implement

01 this subsection by law. For purposes of this subsection, "unrestricted revenue" 02 means all money received by the State during a fiscal year except money held in 03 trust, received from the federal government for a particular purpose, or dedicated 04 to a particular purpose as permitted by this constitution. 05 * Sec. 2. Article IX, sec. 17(d), Constitution of the State of Alaska, is repealed. 06 * Sec. 3. The amendments proposed by this resolution shall be placed before the voters of 07 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the 08 State of Alaska, and the election laws of the state.