State of Alaska
Fiscal Note
Bill Version: HB 139
2019 Legislative Session
Fiscal Note Number: 1
(H) Publish Date: 5/8/2019
Identifier: HB139-DOR-APFC-04-19-19 Department: Department of Revenue
Title: AK PERM. FUND CORP. PROCUREMENT Appropriation: Alaska Permanent Fund Corporation
EXEMPTION Allocation: APFC Operations
Sponsor: JOHNSTON OMB Component Number: 109
Requester: (H) State Affairs
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)
None
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? 0
(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If yes, by what date are the regulations to be adopted, amended or repealed?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: Paulyn Swanson, Communications Manager Phone: (907)796-1520
Division: Alaska Permanent Fund Corporation Date: 04/19/2019
Approved By: Brad Ewing, Administrative Services Director Date: 04/19/19
Agency: Office of Management and Budget
Printed 5/8/2019 Page 1 of 2 Control Code: ythHk
 HB 139 - Fiscal Note 1
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 139
2019 LEGISLATIVE SESSION
Analysis
The bill will provide APFC with a specific exemption from the State Procurement Code for services which relate directly to
the investment and management of Fund assets.
The requested exemption is a new subsection to the State Procurement Code under AS 36.30.850(b) which would read:
(51) a contract of the Board of Trustees of the Alaska Permanent Fund Corporation under AS 37.13 to provide investment
related services for assets managed by the Alaska Permanent Fund Corporation.
While this bill will enhance APFC's ability to timely procure services needed for the due diligence and management of Fund
assets, it will not have direct fiscal impact to the budget.
(Revised 9/05/18 OMB/LFD) Page 2 of 2
HB139-DOR-APFC-04-19-19 Page 2 of 2 Control Code: ythHk


Statutes affected:
HB0139A, AM HB 139, introduced 04/17/2019, passed House 05/15/2019: 36.30.850