Legislature(1995 - 1996)
1996-06-03 Senate Journal
Full Journal pdf1996-06-03 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. Sincerely, /s/ Tony Knowles Governor