00SENATE JOINT RESOLUTION NO. 28                                                                                        
01 Proposing an amendment to the Constitution of the State of Alaska relating to                                           
02 the appropriation limit.                                                                                                
03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                              
04    * Section 1.  Article IX, sec. 16, Constitution of the State of Alaska, is amended to read:                        
05  Section 16.  Appropriation Limit.  Except for appropriations for Alaska                                             
06 permanent fund dividends, appropriations of revenue bond proceeds, appropriations                                       
07 required to pay the principal and interest on general obligation bonds, and                                             
08 appropriations of money received from a non-state source [IN TRUST] for a specific                                      
09 purpose, [INCLUDING REVENUES OF A PUBLIC ENTERPRISE OR PUBLIC                                                           
10 CORPORATION OF THE STATE THAT ISSUES REVENUE BONDS,]                                                                    
11 appropriations [FROM THE TREASURY] made for a fiscal year shall not exceed                                              
12  $2,000,000,000  [$2,500,000,000] by more than the cumulative change, derived from                                    
13 federal indices as prescribed by law, in population and inflation since July 1,  2000                                 
14 [1981.  WITHIN THIS LIMIT, AT LEAST ONE-THIRD SHALL BE RESERVED                                                         

01 FOR CAPITAL PROJECTS AND LOAN APPROPRIATIONS].  The legislature may                                                     
02 exceed this limit in bills for appropriations to the Alaska permanent fund and in bills                                 
03 for appropriations [FOR CAPITAL PROJECTS, WHETHER OF BOND PROCEEDS                                                      
04 OR OTHERWISE, IF EACH BILL IS APPROVED BY THE GOVERNOR, OR                                                              
05 PASSED BY AFFIRMATIVE VOTE OF THREE-FOURTHS OF THE                                                                      
06 MEMBERSHIP OF THE LEGISLATURE OVER A VETO OR ITEM VETO, OR                                                              
07 BECOMES LAW WITHOUT SIGNATURE, AND IS ALSO APPROVED BY THE                                                              
08 VOTERS AS PRESCRIBED BY LAW.  EACH BILL FOR APPROPRIATIONS FOR                                                          
09 CAPITAL PROJECTS IN EXCESS OF THE LIMIT SHALL BE CONFINED TO                                                            
10 CAPITAL PROJECTS OF THE SAME TYPE, AND THE VOTERS SHALL, AS                                                             
11 PROVIDED BY LAW, BE INFORMED OF THE COST OF OPERATIONS AND                                                              
12 MAINTENANCE OF THE CAPITAL PROJECTS. NO OTHER APPROPRIATION                                                             
13 IN EXCESS OF THIS LIMIT MAY BE MADE EXCEPT] to meet a state of disaster                                                 
14 declared by the governor as prescribed by law.   In addition, an appropriation that                                    
15 exceeds this limit by no more than ten percent may be made for any public                                               
16 purpose upon affirmative vote of two-thirds of the members of each house of the                                         
17 legislature.   The governor shall cause any unexpended and unappropriated balance to                                   
18 be invested so as to yield competitive market rates to the treasury.                                                    
19    * Sec. 2.  The amendment proposed by this resolution shall be placed before the voters of                          
20 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the                        
21 State of Alaska, and the election laws of the state.