1993-02-15                     Senate Journal                      Page 0363
SB 116                                                                       
The intent of this bill is to appropriate the amount equivalent to the         
$630,000,000 to be received by the state from the February 1993                
settlement agreement with British Petroleum for income tax,                    
penalties, and interest arising under AS43.20 to the Alaska public             
schools and public facilities fund.  The intended uses of money in             
the fund are set out in AS37.15.011, which is repealed and                     
reenacted in the accompanying companion bill.                                  
                                                                               
The bill has a contingent effective date, to correspond to the date            
that the settlement money is anticipated to be received by the state,          
but only if statutory changes to the fund (in the companion bill) are          
enacted into law to allow the fund to be more readily used for                 
appropriations for construction and maintenance of capital projects.           
                                                                               
I urge your support for this bill.                                             
                                                                               
						Sincerely,                                                               
						/s/                                                                      
						Walter J. Hickel                                                         
						Governor                                                                 
                                                                               
                                                                               
SB 117                                                                       
SENATE BILL NO. 117 by the Senate Rules Committee by request                   
of the Governor, entitled:                                                     
                                                                               
"An Act making appropriations for contract                                    
settlement costs and cost-of-living adjustments for                            
public employees who are members of certain                                    
collective bargaining units; and providing for an                              
effective date."                                                               
                                                                               
was read the first time and referred to the Labor and Commerce and             
Finance Committees.                                                            
                                                                               
Governor's transmittal letter dated February 15:                               
                                                                               
Dear Mr. President:                                                            
                                                                               
Under the authority of art. III, sec. 18, of the Alaska Constitution,          
I  am  transmitting  a bill  that  makes  appropriations for contract