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AK SB107
Bill
AI Summary
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Amends AS 37.05.565(b) to restrict appropriations from the Alaska capital income fund to state facilities preventive or deferred maintenance, replacing the previous broad authorization for "any public purpose"
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Specifies that fund money may be used for replacement of parts, systems, or components and other activities needed to preserve or maintain state assets
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Continues to allow appropriations for annual debt service and reserves for debt service on bonds authorized by state law
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Clarifies that the fund is not a dedicated fund
Legislative Description
Alaska Capital Income Fund
Public Finance
Last Action
AWAITING TRANSMITTAL TO GOV
5/7/2018
Committee Referrals
Finance4/5/2017
Full Bill Text
No bill text available