State of Alaska
Fiscal Note
Bill Version: HB 130
2019 Legislative Session
Fiscal Note Number: 9
(H) Publish Date: 4/12/2019
Identifier: LL 0107-DOR-TRSY-04-10-19 Department: Department of Revenue
Title: REPEALING FUNDS; COMMUNITY ASSISTANCE Appropriation: Taxation and Treasury
Sponsor: RLS BY REQUEST OF THE GOVERNOR Allocation: Treasury Division
Requester: Governor OMB Component Number: 121
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2020 Governor's
Appropriation FY2020 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2020 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Personal Services
Travel
Services
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fund Source (Operating Only)
1004 Gen Fund (UGF) 359.7
1169 PCE Endow (DGF) (359.7)
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Positions
Full-time
Part-time
Temporary
Change in Revenues
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2019) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2020) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? Yes
(Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? no
If yes, by what date are the regulations to be adopted, amended or repealed?
Why this fiscal note differs from previous version/comments:
Not applicable, initial version based on the 2-13-19 Governor's FY2020 request.
Prepared By: Scott Jones, Comptroller Phone: (907)465-2348
Division: Treasury Date: 04/10/2019 04:00 PM
Approved By: Brad Ewing, Administrative Services Director Date: 04/10/19
Agency: Office of Management and Budget
Printed 4/12/2019 Page 1 of 2 Control Code: zUrXQ
 HB 130 - Fiscal Note 9
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. LL 0107
2018 LEGISLATIVE SESSION
Analysis
This bill would repeal various funds in the general fund, including the community assistance fund, the civil legal services
fund, the power cost equalization endowment fund, the power cost equalization and rural electric capitalization fund, the
curriculum improvement and best practices fund, the school construction grant fund, the major maintenance grant fund,
and the Alaska higher education investment fund. The bill's effective date is July 1, 2019.
The power cost equalization endowment fund is a separate fund of the Alaska Energy Authority (Authority) within the
general fund. The commissioner of revenue is the fiduciary of the fund and the treasury division is responsible for
managing the fund.
The treasury division utilizes a cost allocation method to develop budgets and allocate costs. With a change in assets
under management there is a direct impact on how the treasury division allocates their expenses based on their federally
approved cost allocation plan. This fiscal note reflects a fund source change in the amount of $359,700 from DGF to UGF.
This fund source change is already included in the Governors FY2020 budget.
The fund balance of the Power Cost Equalization Endowment on June 30, 2018 was $1,071,193,000. If this legislation is
adopted, the balance of the Power Cost Equalization Endowment will be transferred to the General Fund. A separate fund
capitalization fiscal note reflects the estimated change in revenues calculated as the fund balance as of June 30, 2018, less
FY2019 appropriations.
(Revised 9/05/18 OMB/LFD) Page 2 of 2
LL 0107-DOR-TRSY-04-10-19 Page 2 of 2 Control Code: zUrXQ


Statutes affected:
HB0130A, AM HB 130, introduced 04/12/2019: 14.43.825, 37.14.750, 14.43.915, 14.43.400, 14.43.420, 14.43.810, 14.43.849, 29.60.850, 29.60.855, 29.60.860, 37.05.530, 37.14.110, 42.45.100, 42.05.141, 42.45.180, 42.45.190, 43.77.045, 14.16.200, 14.07.182, 37.05.146, 37.05.590, 42.45.070, 42.45.080, 42.45.085, 42.45.099, 43.20.014, 43.55.019, 43.56.018, 43.65.018, 43.75.018