00                            SENATE BILL NO. 246                                                                         
01 "An Act making a special appropriation from the Alaska capital income fund to the                                       
02 revenue sharing fund; and providing for an effective date."                                                             
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  ALASKA CAPITAL INCOME FUND. The sum of $28,000,000 is                                                
05 appropriated from the Alaska capital income fund (AS 37.05.565) to the revenue sharing fund                             
06 (AS 29.60.800).                                                                                                         
07    * Sec. 2. CONTINGENT EFFECT. This Act takes effect only if a bill relating to the                                  
08 revenue sharing program and establishing the revenue sharing fund is enacted by the Twenty-                             
09 Fourth Alaska Legislature and takes effect.                                                                             
10    * Sec. 3. If this Act takes effect under sec. 2 of this Act, it takes effect on the later of the                   
11 effective date of the Act described in sec. 2 of this Act or July 1, 2006.