00                            SENATE BILL NO. 223                                                                         
01 "An Act relating to an appropriation limit; and providing for an effective date."                                       
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1.  AS 37.05.540(b) is amended to read:                                                                  
04 (b)  Except for appropriations to the permanent fund or for Alaska permanent                                            
05 fund dividends, appropriations to the budget reserve fund, appropriations of revenue                                    
06 bond proceeds, appropriations required to pay the principal and interest on general                                     
07 obligation bonds, and appropriations of money received from a nonstate source in trust                                  
08 for a specific purpose, including revenue of a public enterprise or public corporation                                  
09 of the state that issues revenue bonds, appropriations from the mental health trust                                     
10 settlement income account (AS 37.14.036), and appropriations made to the mental                                         
11 health trust fund (AS 37.14.031), appropriations from the treasury made in a fiscal                                     
12 year may not exceed appropriations made in the preceding fiscal year by more than                                       
13 one [FIVE] percent [PLUS THE CHANGE IN POPULATION AND INFLATION                                                     
14 SINCE THE BEGINNING OF THE PRECEDING FISCAL YEAR]. For purposes of                                                      
15 applying this limit an appropriation is considered to be made in the fiscal year in                                     

01 which it is enacted and a reappropriation remains attributed to the fiscal year in which                                
02 the original appropriation is enacted. [THE DETERMINATION OF THE CHANGE                                                 
03 IN POPULATION FOR PURPOSES OF THIS SUBSECTION SHALL BE BASED                                                            
04 ON AN ANNUAL ESTIMATE OF POPULATION BY THE DEPARTMENT OF                                                                
05 LABOR AND WORKFORCE DEVELOPMENT. THE DETERMINATION OF THE                                                               
06 CHANGE IN INFLATION FOR PURPOSES OF THIS SUBSECTION SHALL BE                                                            
07 BASED ON THE CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS                                                               
08 FOR ANCHORAGE PREPARED BY THE UNITED STATES BUREAU OF                                                                   
09 LABOR STATISTICS.] The amount of money received by the state that is subject to                                         
10       the appropriation limit includes the balance in the general fund carried forward from                             
11       the preceding fiscal year.                                                                                        
12    * Sec. 2.  This Act takes effect July 1, 2027.