CSHB 3003(FIN): "An Act making an appropriation from the general fund to the Department of Education and Early Development for the payment of educational programs; making an appropriation from the general fund to the Department of Commerce, Community, and Economic Development; making an appropriation for the payment of permanent fund dividends; making an appropriation to the oil and gas tax credit fund; making an appropriation under art. IX, sec. 17(c), Constitution of the State of Alaska, from the constitutional budget reserve fund; and providing for an effective date."
00 CS FOR HOUSE BILL NO. 3003(FIN) 01 "An Act making an appropriation from the general fund to the Department of 02 Education and Early Development for the payment of educational programs; making an 03 appropriation from the general fund to the Department of Commerce, Community, and 04 Economic Development; making an appropriation for the payment of permanent fund 05 dividends; making an appropriation to the oil and gas tax credit fund; making an 06 appropriation under art. IX, sec. 17(c), Constitution of the State of Alaska, from the 07 constitutional budget reserve fund; and providing for an effective date." 08 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 09 (SECTION 1 OF THIS ACT BEGINS ON PAGE 2)
01 * Section 1. The following appropriation items are for operating expenditures from the 02 general fund or other funds as set out in section 2 of this Act to the agencies named for the 03 purposes expressed for the fiscal year beginning July 1, 2021 and ending June 30, 2022, 04 unless otherwise indicated. A department-wide, agency-wide, or branch-wide unallocated 05 reduction set out in this section may be allocated among the appropriations made in this 06 section to that department, agency, or branch. 07 Appropriation General Other 08 Allocations Items Funds Funds 09 * * * * * * * * * * 10 * * * * * Department of Commerce, Community, and Economic Development * * * * * 11 * * * * * * * * * * 12 Community and Regional Affairs 400,000 400,000 13 Community and Regional 400,000 14 Affairs 15 (SECTION 2 OF THIS ACT BEGINS ON THE NEXT PAGE)
01 * Sec. 2. The following sets out the funding by agency for the appropriations made in sec. 1 of 02 this Act. 03 Funding Source Amount 04 Department of Commerce, Community, and Economic Development 05 1004 Unrestricted General Fund Receipts 400,000 06 *** Total Agency Funding *** 400,000 07 Department of Education and Early Development 08 1004 Unrestricted General Fund Receipts 21,364,100 09 1226 Alaska Higher Education Investment Fund -21,364,100 10 * * * * * Total Budget * * * * * 400,000 11 (SECTION 3 OF THIS ACT BEGINS ON THE NEXT PAGE)
01 * Sec. 3. The following sets out the statewide funding for the appropriations made in sec. 1 of 02 this Act. 03 Funding Source Amount 04 Unrestricted General 05 1004 Unrestricted General Fund Receipts 21,764,100 06 *** Total Unrestricted General *** 21,764,100 07 Designated General 08 1226 Alaska Higher Education Investment Fund -21,364,100 09 *** Total Designated General *** -21,364,100 10 (SECTION 4 OF THIS ACT BEGINS ON THE NEXT PAGE)
01 * Sec. 4. ALASKA PERMANENT FUND. The sum of $730,500,000 is appropriated to the 02 dividend fund (AS 43.23.045(a)) for the payment of a permanent fund dividend in the amount 03 of approximately $1,100 to each eligible individual and for administrative and associated 04 costs for the fiscal year ending June 30, 2022, from the following sources: 05 (1) $400,500,000 from the general fund; 06 (2) $330,000,000 from the budget reserve fund (AS 37.05.540(a)). 07 * Sec. 5. OIL AND GAS TAX CREDIT FUND. The sum of $114,000,000 is appropriated 08 to the oil and gas tax credit fund (AS 43.55.028), from the following sources: 09 (1) $54,000,000 from the general fund; 10 (2) $60,000,000 from the budget reserve fund (art. IX, sec. 17, Constitution of 11 the State of Alaska). 12 * Sec. 6. CONSTITUTIONAL BUDGET RESERVE FUND. The appropriation made from 13 the budget reserve fund (art. IX, sec. 17, Constitution of the State of Alaska) in sec. 5(2) of 14 this Act is made under art. IX, sec. 17(c), Constitution of the State of Alaska. 15 * Sec. 7. LAPSE OF APPROPRIATIONS. The appropriations made in secs. 4 and 5 of this 16 Act are for the capitalization of funds and do not lapse. 17 * Sec. 8. RETROACTIVITY. This Act is retroactive to July 1, 2021. 18 * Sec. 9. This Act takes effect immediately under AS 01.10.070(c).