00SENATE BILL NO. 242                                                                                                   
01 "An Act authorizing appropriation of the proceeds obtained by the state from                                            
02 levy and collection of its ad valorem tax on oil and gas exploration, production,                                       
03 and pipeline property to implement state revenue sharing for the safe communities                                       
04 program; and providing for an effective date."                                                                          
05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
06    * Section 1.  AS 29.60.350(a) is amended to read:                                                                  
07  (a)  To implement the revenue sharing for safe communities program, there is                                          
08 established in the department the safe communities program consisting of the base                                       
09 amount account and the per capita account.  The legislature may appropriate to the                                      
10 safe communities program during each fiscal year  (1) an  [A TOTAL] amount equal                                      
11 to or greater than 30 percent of the income tax revenue received by the state under                                     
12 AS 43.20.011(e) for the previous fiscal year , and (2) the proceeds of the tax levied                                  
13 and collected by the state under AS 43.56, including interest and penalties, that                                       
14 are deposited into the general fund under AS 43.56.150(c) .  Unless otherwise                                          

01 provided in the appropriation, the department shall allocate money to the base amount                                   
02 account and the per capita account in the same proportion as under AS 29.60.360 and                                     
03 29.60.370 in state fiscal year 1997.                                                                                    
04    * Sec. 2.  AS 43.56.150(c) is amended to read:                                                                     
05  (c)  The tax levied under AS 43.56.010(a)  and the  [,] interest and penalties                                      
06 collected with respect to this levy shall be deposited in the general fund.   The                                      
07 department shall separately account for the money collected under this subsection                                       
08 that it deposits into the general fund.                                                                                
09    * Sec. 3.  The uncodified law of the State of Alaska is amended by adding a new section                            
10 to read:                                                                                                                
11  CONDITIONAL EFFECT.  This Act takes effect only if the initiative identified as                                        
12 99PTAR, an initiative proposition relating to the assessment, levy, and collection of property                          
13 taxes by home rule and general law municipalities, is approved because a majority of the votes                          
14 cast on the initiative proposition favors its adoption.                                                                 
15    * Sec. 4.  If, under sec. 3 of this Act, this Act takes effect, it takes effect July 1, 2001.