State of Alaska
Fiscal Note
Bill Version: CSHB 120(RES)
2022 Legislative Session
Fiscal Note Number: 6
(H) Publish Date: 5/11/2022
Identifier: HB120-DOR-TRS-4-29-22 Department: Department of Revenue
Title: STATE LAND SALES AND LEASES; RIVERS Appropriation: Taxation and Treasury
Sponsor: RLS BY REQUEST OF THE GOVERNOR Allocation: Treasury Division
Requester: (H) Resources OMB Component Number: 121
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2023 Governor's
Appropriation FY2023 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2023 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028
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
1004 Gen Fund (UGF) (7,000.0) (7,000.0) (7,000.0) (7,000.0) (7,000.0) (7,000.0)
1153 State Land (DGF) 7,000.0 7,000.0 7,000.0 7,000.0 7,000.0 7,000.0
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2022) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2023) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? No
(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If yes, by what date are the regulations to be adopted, amended or repealed? N/A
Why this fiscal note differs from previous version/comments:
Updated for SLA2022 fiscal note template.
Prepared By: Pamela Leary, Director Phone: (907)465-3751
Division: Treasury Date: 04/29/2022 04:30 PM
Approved By: Eric DeMoulin, Administrative Services Director Date: 04/29/22
Agency: Department of Revenue
Printed 5/11/2022 Page 1 of 2 Control Code: GJJoY
 CSHB 120(RES) - Fiscal Note 6
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 120
2022 LEGISLATIVE SESSION
Analysis
The proposed legislation updates the current statute (AS 38.04.022) to increase the current limit of the State Land
Disposal Income Fund from $5 million to $12 million, after which excess funds shall be deposited in to the state general
fund. The current cap of $5 million results in anywhere between $3 and $4 million annually being returned to the general
fund as a result of revenue received beyond the cap. With the new cap of $12 million, up to an additional $7 million could
be retained in the fund should revenues come in that high. This note reflects that maximum impact to the general fund.
The Department of Natural Resources shall provide an annual report that reflects the money deposited in the fund and
may include a recommendation to amend the deposit limit. There is no other fiscal impact to the Treasury Division as a
result of the proposed legislation.
(Revised 11/23/2021 OMB/LFD) Page 2 of 2
HB120-DOR-TRS-4-29-22 Page 2 of 2 Control Code: GJJoY


Statutes affected:
HB0120A, AM HB 120, introduced 03/01/2021: 14.07.030, 14.07.020, 19.30.080, 19.30.060, 19.30.100, 35.20.070, 38.04.022, 38.05.055, 38.05.065, 38.05.057, 38.05.078, 38.05.300, 38.05.035, 44.62.175, 44.37.011, 38.05.073, 38.05.090, 38.05.321, 41.10.110, 38.05.965, 41.23.400, 41.23.410, 41.23.420, 41.23.430, 41.23.440, 41.23.450, 41.23.460, 41.23.470, 41.23.480, 41.23.490, 41.23.500, 41.23.510
HB0120B, AM CSHB 120(RES), introduced 05/11/2022: 14.07.030, 14.07.020, 17.20.005, 17.20.017, 17.20.013, 19.30.080, 19.30.060, 19.30.100, 35.20.070, 38.04.022, 38.05.055, 38.05.065, 38.05.057, 38.05.078, 38.04.065, 38.05.300, 38.05.945, U.S.C, 38.05.035, 44.62.175, 44.37.011, 38.05.073, 38.05.090, 38.04.200, 38.05.321, 41.10.110, 38.05.965, 38.50.010, 38.50.015, 38.05.840