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AK HB208

Bill

Official Source

Status

Introduced

4/18/2015

Primary Sponsor

Bryce Edgmon

Click for details

Origin

House of Representatives

29th Legislature

AI Summary

  • Amends AS 29.60.855(a) to modify the formula for calculating the basic amount used in determining basic community revenue sharing payments for a fiscal year
  • Increases the minimum basic amount threshold from $220,000 to $384,000 when the calculated amount falls below that floor
  • Maintains the existing calculation formula: (amount available for payments under AS 29.60.850(c) minus $60,000,000, divided by $60,000,000, plus one) multiplied by $384,000
  • Ensures that no fiscal year will have a basic community revenue sharing payment amount less than $384,000

Legislative Description

Community Revenue Sharing

Municipalities

Last Action

REFERRED TO FINANCE

4/18/2015

Committee Referrals

Finance4/18/2015

Full Bill Text

No bill text available