Legislature(1995 - 1996)

1996-06-03 Senate Journal

Full Journal pdf

1996-06-03                     Senate Journal                      Page 4243
SB 1009                                                                      
SENATE BILL NO. 1009 BY THE SENATE RULES COMMITTEE                             
BY REQUEST OF THE GOVERNOR, entitled:                                          
An Act relating to the definition of program                                  
receipts; and providing for an effective date.                                 
was read the first time and referred to the State Affairs Committee.           

1996-06-03                     Senate Journal                      Page 4244
SB 1009                                                                      
Fiscal note published today from Office of the Governor.                       
Governor's transmittal letter dated June 3:                                    
Dear President Pearce:                                                         
Under the authority of art. III, sec. 18, of the Alaska Constitution,          
I am transmitting a bill that would define and designate certain               
receipts earned or received by state agencies in the course of their           
operations.  This bill represents a proposal made by the office of             
management and budget to the Senate Finance Committee for                      
revision of SB 265, which was under consideration during the second            
session of the Nineteenth Alaska Legislature. Unfortunately, that bill         
failed to pass the legislature.                                                
The bill provides a valuable budgeting tool because it would                   
redesignate program receipts as not being an asset of the general              
fund of the state. This designation recognizes that these receipts do          
not affect the fiscal gap.                                                     
It places these receipts in a separate category from totally                   
unrestricted general funds.  They would remain unrestricted revenue            
of the state in a segregated status, but for budgetary purposes they           
would be designated as available for appropriation for specific                
purposes.  Whether they are appropriated for the designated purpose            
would be subject to the legislature's discretion.                              
I urge your prompt and favorable action on this bill.                          
						Tony Knowles