00CS FOR HOUSE BILL NO. 232(FIN)                                                                                        
01 "An Act making a special appropriation from the budget reserve fund under art.                                          
02 IX, sec. 17(c), Constitution of the State of Alaska, to the Alaska Income Account;                                      
03 making a special appropriation from the dividend fund to the Alaska Income                                              
04 Account; and providing for an effective date."                                                                          
05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
06    * Section 1.  The unappropriated balance in the budget reserve fund (art. IX, sec. 17,                             
07 Constitution of the State of Alaska) on July 2, 1999, is appropriated to the Alaska Income                              
08 Account (AS 37.13.145).  This appropriation is made under art. IX, sec. 17(c), Constitution                             
09 of the State of Alaska.                                                                                                 
10    * Sec. 2.  The unappropriated amount in the dividend fund (AS 43.23.045) that exceeds the                          
11 amount needed to pay 1999 dividends and prior year dividends in the current year for the                                
12 purposes described under AS 43.23.025(a)(1)(C) and (D) is appropriated to the Alaska Income                             
13 Account (AS 37.13.145).                                                                                                 
14    * Sec. 3.  This Act takes effect only if a version of a bill establishing the Alaska Income                        

01 Account in the Alaska permanent fund is passed by the Twenty-First Alaska State Legislature                             
02 and becomes law.                                                                                                        
03    * Sec. 4.  If this Act takes effect, it takes effect on the effective date of the provisions of                    
04 the bill described in sec. 3 of this Act that establish the Alaska Income Account in the Alaska                         
05 permanent fund.