2000-02-28                     House Journal                      Page 2333
HB 424                                                                       
HOUSE BILL NO. 424 by the House Rules Committee by request of                  
the Governor, entitled:                                                        
                                                                               
"An Act relating to the accounting for and appropriations of state            
land disposal program revenue; and providing for an effective                  
date."                                                                         
                                                                               
was read the first time and referred to the Resources and Finance              
Committees.                                                                    
                                                                               

2000-02-28                     House Journal                      Page 2334
HB 424                                                                       
The following fiscal note applies:                                             
                                                                               
Fiscal note, Dept. of Natural Resources, 2/28/00                               
                                                                               
The Governor's transmittal letter dated February 25, 2000, appears             
below:                                                                         
                                                                               
"Dear Speaker Porter:                                                          
                                                                               
Thoughtfully crafted sales of state land can benefit the public as well        
as the state.  Unfortunately, budget restraints severely limit the state's     
financial ability to plan and offer land sales.  This bill I transmit today    
provides the mechanism for the state to sell land to Alaskans by               
placing proceeds of sales into a separate account that can then fund           
future sales.                                                                  
                                                                               
Under this bill, receipts of the state land disposal program administered      
by the Department of Natural Resources (department) would be                   
accounted for separately and placed in the state land disposal income          
fund.  The Legislature may appropriate from the fund for department            
expenses associated with the program.  The fund would be capped at             
$5 million; any revenues in excess of $5 million at the end of a given         
fiscal year would be deposited into the general fund.                          
                                                                               
I urge your prompt and favorable action on this measure.                       
                                                                               
							Sincerely,                                                              
							/s/                                                                     
							Tony Knowles                                                            
							Governor"