CSSSSB 20(JUD): "An Act relating to an appropriation limit; relating to the budget responsibilities of the governor; and providing for an effective date."
00 CS FOR SPONSOR SUBSTITUTE FOR SENATE BILL NO. 20(JUD) 01 "An Act relating to an appropriation limit; relating to the budget responsibilities of the 02 governor; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 37.05.540(b) is amended to read: 05 (b) Except for appropriations to the Alaska permanent fund, appropriations 06 [OR] for the costs of managing the Alaska permanent fund [DIVIDENDS], 07 appropriations to the budget reserve fund, appropriations of revenue bond and 08 general obligation bond proceeds, appropriations required to pay the principal of and 09 interest on revenue bonds and general obligation bonds, appropriations to a state 10 account or fund that requires a subsequent appropriation from that account or 11 fund as prescribed by law, appropriations to meet a state of disaster declared by 12 the governor as prescribed by law, [AND] appropriations of money received from a 13 nonstate source in trust for a specific purpose, including revenue of a public enterprise 14 or public corporation of the state that issues revenue bonds, appropriations from the
01 mental health trust settlement income account (AS 37.14.036), and appropriations 02 made to the mental health trust fund (AS 37.14.031), appropriations from the treasury 03 made for [IN] a fiscal year may not exceed an amount equal to 12 percent of the 04 average of the value of the real gross domestic product of the state as estimated 05 by the federal bureau responsible for economic analysis according to federal law, 06 expressed in current dollars, for the five calendar years immediately preceding 07 the previous fiscal year [APPROPRIATIONS MADE IN THE PRECEDING 08 FISCAL YEAR BY MORE THAN FIVE PERCENT PLUS THE CHANGE IN 09 POPULATION AND INFLATION SINCE THE BEGINNING OF THE 10 PRECEDING FISCAL YEAR]. For purposes of applying this limit, an appropriation 11 is considered to be made in the fiscal year in which it is enacted and a reappropriation 12 remains attributed to the fiscal year in which the original appropriation is enacted. 13 [THE DETERMINATION OF THE CHANGE IN POPULATION FOR PURPOSES 14 OF THIS SUBSECTION SHALL BE BASED ON AN ANNUAL ESTIMATE OF 15 POPULATION BY THE DEPARTMENT OF LABOR AND WORKFORCE 16 DEVELOPMENT. THE DETERMINATION OF THE CHANGE IN INFLATION 17 FOR PURPOSES OF THIS SUBSECTION SHALL BE BASED ON THE 18 CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS FOR 19 ANCHORAGE PREPARED BY THE UNITED STATES BUREAU OF LABOR 20 STATISTICS.] The amount of money received by the state that is subject to the 21 appropriation limit includes the balance in the general fund carried forward from the 22 preceding fiscal year. 23 * Sec. 2. AS 37.07.020 is amended by adding a new subsection to read: 24 (h) In addition to the budget and bills submitted under (a) of this section and 25 the capital improvements program and fiscal plan submitted under (b) of this section, 26 the governor shall submit a report with a calculation of appropriations provided in the 27 budget prepared under (a) of this section as applied to the appropriation limit under 28 AS 37.05.540. The governor shall update the report upon submission of the governor's 29 supplemental appropriation bills and the governor's budget amendments in accordance 30 with the time limits prescribed in AS 37.07.070. 31 * Sec. 3. AS 37.05.540(e) is repealed.
01 * Sec. 4. The uncodified law of the State of Alaska is amended by adding a new section to 02 read: 03 CONDITIONAL EFFECT. This Act is contingent on enactment into law of an 04 amendment to art. IX, sec. 16, Constitution of the State of Alaska, changing the appropriation 05 limit to provide that 06 (1) appropriations from the treasury made for a fiscal year may not exceed an 07 amount equal to a percentage of the average of the value of the real gross domestic product of 08 the state as estimated by the federal bureau responsible for economic analysis according to 09 federal law, expressed in current dollars, for the five calendar years immediately preceding 10 the previous fiscal year; 11 (2) appropriations to the Alaska permanent fund, appropriations for the costs 12 of managing the Alaska permanent fund, general obligation bond proceeds, appropriations 13 required to pay the principal of and interest on revenue bonds, appropriations to a state 14 account or fund that requires a subsequent appropriation from that account or fund as 15 prescribed by law, and appropriations to meet a state of disaster declared by the governor as 16 prescribed by law must be excluded when calculating the appropriation limit; and 17 (3) appropriations for Alaska permanent fund dividends must be included 18 when calculating the limit. 19 * Sec. 5. This Act takes effect July 1, 2024.