00SENATE BILL NO. 129                                                                                                   
01 "An Act relating to the Alaska marine highway system vessel, M/V Malaspina;                                             
02 and providing for an effective date."                                                                                   
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  AS 19.65 is amended by adding a new section to read:                                                 
05  Sec. 19.65.065.  M/V Malaspina account.  (a)  There is created in the Alaska                                        
06 marine highway system fund the M/V Malaspina account.  Notwithstanding                                                  
07 AS 19.65.060(a) and 19.65.070(a), the account consists of the gross revenue generated                                   
08 by the operation of the Alaska marine highway system vessel M/V Malaspina that is                                       
09 appropriated to the account and other money appropriated to the account by the                                          
10 legislature.  Gross revenue generated by the operation of the Alaska marine highway                                     
11 system vessel M/V Malaspina and other money that is appropriated to the account may                                     
12 be expended only for the operation of, maintenance of, and capital improvements to                                      
13 the M/V Malaspina in the fiscal year for which the money is appropriated.  Money in                                     
14 the account must be separately accounted for and may not be commingled with other                                       

01 money in the Alaska marine highway system fund.  The balance of the account on                                          
02 June 30 of each year, excluding federal funds and the required match of state funds,                                    
03 shall be transferred to the Alaska marine highway system fund at the end of each fiscal                                 
04 year.                                                                                                                   
05  (b)  Notwithstanding a contrary provision of AS 19.65.050 - 19.65.100 or other                                        
06 provisions of law, the department may spend no money for the operation of,                                              
07 maintenance of, or capital improvements to the M/V Malaspina except that money                                          
08 appropriated by the legislature to the M/V Malaspina account.                                                           
09  (c)  The gross revenue generated by the operation of the Alaska marine                                                
10 highway system vessel M/V Malaspina shall be accounted for separately.  An                                              
11 appropriation of the gross revenue as program receipts is not made from the                                             
12 unrestricted general fund.                                                                                              
13  (d)  Nothing in this section creates a dedicated fund.                                                                
14    * Sec. 2.   This Act takes effect July 1, 1999.