00                      CS FOR SENATE BILL NO. 25(FIN)                                                                    
01 "An Act relating to inactive state accounts and funds; relating to the curriculum                                       
02 improvement and best practices fund; relating to the fuel emergency fund and fuel                                       
03 emergency grants; relating to the special Alaska Historical Commission receipts                                         
04 account; relating to the rural electrification revolving loan fund and loans from the                                   
05 fund; and relating to the Exxon Valdez oil spill unincorporated rural community grant                                   
06 fund and grants from the fund."                                                                                         
07 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
08    * Section 1. AS 24.20.231 is amended to read:                                                                      
09            Sec. 24.20.231. Duties. The legislative finance division shall                                             
10                 (1)  analyze the budget and appropriation requests of each department,                                  
11       institution, bureau, board, commission, or other agency of state government;                                      
12                 (2)  analyze the revenue requirements of the state;                                                     
13                 (3)  provide the finance committees of the legislature with                                             

01       comprehensive budget review and fiscal analysis services;                                                         
02                 (4)  cooperate with the office of management and budget in establishing                                 
03       a comprehensive system for state budgeting and financial management as set out in                                 
04       AS 37.07 (Executive Budget Act);                                                                                  
05                 (5)  complete studies and prepare reports, memoranda, or other                                          
06       materials as directed by the Legislative Budget and Audit Committee;                                              
07                 (6)  with the governor's permission, designate the legislative fiscal                                   
08       analyst to serve ex officio on the governor's budget review committee;                                            
09                 (7)  identify the actual reduction in state expenditures in the first fiscal                            
10 year following a review under AS 44.66.040 resulting from that review and inform the                                    
11       Legislative Budget and Audit Committee of the amount of the reduction; and                                        
12 (8)  not later than the first legislative day of each first regular session of                                          
13       each legislature,                                                                                                 
14 (A)  conduct a review in accordance with AS 24.20.235 of the                                                        
15            report provided to the division under AS 43.05.095; and                                                  
16 (B)  conduct a review of inactive state accounts and funds,                                                         
17 make recommendations regarding which inactive state accounts and                                                    
18 funds, if any, should be repealed, and submit an electronic report of the                                           
19 division's recommendations to the governor, the president of the senate,                                            
20 the speaker of the house of representatives, the chair of the finance                                               
21 committee of each house of the legislature, the senate secretary, and the                                           
22 chief clerk of the house of representatives, and notify the legislature that                                        
23            the report is available.                                                                                 
24    * Sec. 2. AS 37.07.020 is amended by adding a new subsection to read:                                              
25 (g)  The governor shall review the report submitted by the legislative finance                                          
26 division under AS 24.20.231(8)(B) and may introduce legislation in accordance with                                      
27       the report.                                                                                                       
28    * Sec. 3. AS 14.07.182; AS 26.23.400; AS 41.35.380; AS 42.45.020; and AS 44.33.115 are                             
29 repealed.