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AK SB182

Bill

Official Source

Status

Introduced

4/6/2009

Primary Sponsor

Hollis French

Click for details

Origin

Senate

26th Legislature

AI Summary

  • Repeals AS 37.10.430(c), which established a special subaccount in the constitutional budget reserve fund authorizing higher yield investments
  • Directs the commissioner of revenue to transfer the balance of the repealed special subaccount to the main budget reserve fund upon the Act's effective date
  • Includes retained earnings from the special subaccount in the transfer to the budget reserve fund
  • Takes effect immediately upon enactment under AS 01.10.070(c)

Legislative Description

Repeal Cbr Subaccount

Public Finance

Last Action

REFERRED TO STATE AFFAIRS

4/6/2009

Committee Referrals

State Affairs4/6/2009

Full Bill Text

No bill text available