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AK HB228

Bill

Official Source

Status

Introduced

4/10/2009

Primary Sponsor

Michael Doogan

Click for details

Origin

House of Representatives

26th Legislature

AI Summary

  • Repeals AS 37.10.430(c), which authorized a special subaccount in the constitutional budget reserve fund for higher yield investments
  • Directs the commissioner of revenue to transfer the balance and retained earnings from the repealed subaccount to the main budget reserve fund upon the effective date
  • Takes effect immediately upon enactment under AS 01.10.070(c)
  • Referred to the House Finance Committee
  • Introduced April 10, 2009 by Representative Doogan by request

Legislative Description

Repeal Cbr Subaccount

Public Finance

Last Action

REFERRED TO FINANCE

4/10/2009

Committee Referrals

Finance4/10/2009

Full Bill Text

No bill text available