This bill amends existing laws regarding the appropriation limit in Alaska, specifically addressing the budget responsibilities of the governor. It introduces new provisions that allow for certain appropriations to be excluded from the appropriation limit calculation, including general obligation bond proceeds, revenue bond payments, appropriations to state accounts requiring subsequent appropriations, and funds needed to address a state of disaster declared by the governor. Additionally, the bill establishes that appropriations for a fiscal year cannot exceed 12 percent of the average value of the real gross domestic product of the state for the five calendar years preceding the previous fiscal year, while also excluding government spending from this calculation. Furthermore, the bill mandates that the governor must submit a report detailing the appropriations in the budget as they relate to the new appropriation limit, with updates required upon submission of supplemental appropriation bills and budget amendments. It also repeals a previous subsection related to the appropriation limit and states that the enactment of this bill is contingent upon a constitutional amendment that aligns with the new appropriation limit criteria. The bill is set to take effect on July 1, 2025.

Statutes affected:
SB0036A, AM SB 36, introduced 01/10/2025: 37.05.540, 37.14.036, 37.14.031, 37.07.020, 37.07.070