Legislature(2005 - 2006)
2006-01-13 House JournalFull Journal pdf
2006-01-13 House Journal Page 2276 HB 371 HOUSE BILL NO. 371 by the House Rules Committee by request of the Governor, entitled: "An Act relating to a community dividend program; and providing for an effective date." was read the first time and referred to the Community & Regional Affairs and Finance Committees. The following fiscal note(s) apply: 1. Zero, Dept. of Revenue 2. Fiscal, Dept. of Commerce, Community & Economic Development The Governor's transmittal letter dated January 13, 2006, follows: "Dear Speaker Harris: Under the authority of art. III, sec. 18, of the Alaska Constitution, I am transmitting a bill relating to a community dividend program. This bill would establish the community dividend program, under which several types of grants would be awarded to municipalities for 2006-01-13 House Journal Page 2277 use for specified public services. The bill provides for appropriation for the program from amounts deposited into the Alaska capital income fund, established in AS 37.05.565 by ch. 49, SLA 2005. The Alaska capital income fund is financed by the earnings on Amerada Hess settlement deposits to the Alaska permanent fund. The bill provides first for a base grant to municipalities, then for an organizational grant to newly organized boroughs. Any amounts remaining from a fiscal year's appropriation would be distributed on a pro rata basis to municipalities as a supplemental grant. I urge your prompt and favorable action on this measure. Sincerely yours, /s/ Frank H. Murkowski Governor"