00                      HOUSE JOINT RESOLUTION NO. 16                                                                     
01 Proposing amendments to the Constitution of the State of Alaska relating to a biennial                                  
02 state budget and to appropriations from the budget reserve fund.                                                        
03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1. Article IX, sec. 12, Constitution of the State of Alaska, is amended to read:                       
05 Section 12. Budget. (a) During each odd-numbered fiscal year, the [THE]                                           
06 governor shall submit to the legislature, at a time fixed by law, a budget for the next                                 
07 two fiscal years [YEAR] setting forth all proposed expenditures and anticipated                                 
08 income of all departments, offices, and agencies of the State. The governor, at the                                     
09 same time, shall submit a general appropriation bill to authorize the proposed                                          
10       expenditures in the biennial State budget, and a bill or bills covering                                       
11       recommendations in the budget for new or additional revenues.                                                     
12    * Sec. 2. Article IX, sec. 12, Constitution of the State of Alaska, is amended by adding new                       
13 subsections to read:                                                                                                    
14 (b)  The legislature shall pass a general appropriation bill to implement the                                           
15 State budget for a two-year period that begins with each even-numbered fiscal year.                                     
16 The legislature may pass an appropriation bill that amends or supplements the biennial                                  

01       State budget at any time.                                                                                         
02            (c)  The legislature may limit the scope of each first regular session to                                    
03       consideration of the biennial State budget by law.                                                                
04    * Sec. 3. Article IX, sec. 17(a), Constitution of the State of Alaska, is amended to read:                         
05 (a)  There is established as a separate fund in the State treasury the budget                                           
06 reserve fund. Except for money deposited into the permanent fund under Section 15 of                                    
07 this article, all money received by the State after July 1, 1990, as a result of the                                    
08 termination, through settlement or otherwise, of an administrative proceeding or of                                     
09 litigation in a State or federal court involving mineral lease bonuses, rentals, royalties,                             
10 royalty sale proceeds, federal mineral revenue sharing payments or bonuses, or                                          
11 involving taxes imposed on mineral income, production, or property, shall be                                            
12 deposited in the budget reserve fund. Money in the budget reserve fund shall be                                         
13 invested so as to yield competitive market rates to the fund. Income of the fund shall                                  
14 be retained in the fund. Section 7 of this article does not apply to deposits made to the                               
15 fund under this subsection. Money may be appropriated from the fund only as                                             
16       authorized under [(b) OR] (c) of this section.                                                                    
17    * Sec. 4. Article XV, Constitution of the State of Alaska, is amended by adding a new                              
18 section to read:                                                                                                        
19 Section 30. Application of Biennial State Budget Amendments. The 2020                                                 
20 amendments relating to a biennial State budget (art. IX, sec. 12) apply to the State                                    
21 budget for fiscal years 2022 and 2023 and thereafter. Section 12 of Article IX, as it                                   
22 read before the 2020 amendments, applies to the State budget for fiscal years up to and                                 
23 including fiscal year 2021. Section 17 of Article IX, as it read before the 2020                                        
24 amendments, applies to appropriations for fiscal years up to and including fiscal year                                  
25       2021.                                                                                                             
26    * Sec. 5. Article IX, sec. 17(b), Constitution of the State of Alaska, is repealed.                                
27    * Sec. 6. The amendments proposed by this resolution shall be placed before the voters of                          
28 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the                        
29 State of Alaska, and the election laws of the state.