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AK SB107

Bill

Status

Enrolled

5/4/2018

Primary Sponsor

Unknown

Origin

Senate

30th Legislature

AI Summary

  • 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"

  • Specifies that fund money may be used for replacement of parts, systems, or components and other activities needed to preserve or maintain state assets

  • Continues to allow appropriations for annual debt service and reserves for debt service on bonds authorized by state law

  • 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