Bill Summary – FastDemocracy

32-LS1320\A
                                 HOUSE JOINT RESOLUTION NO. 23
                        IN THE LEGISLATURE OF THE STATE OF ALASKA
                       THIRTY-SECOND LEGISLATURE - SECOND SESSION
     BY REPRESENTATIVES KAUFMAN, McKay
     Introduced: 1/18/22
     Referred: House Special Committee on Ways and Means, Judiciary, Finance
                                              A RESOLUTION
  Proposing amendments to the Constitution of the State of Alaska relating to an
  appropriation limit.
  BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:
    * Section 1. Article IX, sec. 16, Constitution of the State of Alaska, is amended to read:
                  Section 16. Appropriation Limit. Except for appropriations for Alaska
         permanent fund dividends, appropriations to the Alaska permanent fund,
         appropriations of revenue bond             and    general     obligation bond proceeds,
         appropriations required to pay the principal and interest on revenue bonds and
         general obligation bonds, appropriations to a State account or fund that requires a
         subsequent appropriation from that account or fund as prescribed by law,
         appropriations to meet a state of disaster declared by the governor as prescribed
         by law, and appropriations of money received from a non-State source in trust for a
         specific purpose, including revenues of a public enterprise or public corporation of the
         State that issues revenue bonds, appropriations from the treasury made for a fiscal year
         shall not exceed an amount equal to a percentage of the average of the value of the
         real gross domestic product of the State as estimated by the federal bureau
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          responsible for economic analysis according to federal law, expressed in current
          dollars, for the five fiscal years immediately preceding the prior fiscal year. The
          percentage shall be established by law that is not a law enacted as an
          appropriation bill or fourteen percent, whichever is less. Upon an affirmative
          vote of two-thirds of the membership of each house, the legislature may
          appropriate an additional amount for capital improvements in excess of the limit
          under this section, except that the total amount appropriated shall not exceed an
          amount equal to fourteen percent of the average calculated under this section.
          The value of the real gross domestic product in this section shall not include
          expenditures for government spending [$2,500,000,000 BY MORE THAN THE
          CUMULATIVE        CHANGE,      DERIVED       FROM      FEDERAL     INDICES     AS
          PRESCRIBED BY LAW, IN POPULATION AND INFLATION SINCE JULY 1,
          1981. WITHIN THIS LIMIT, AT LEAST ONE-THIRD SHALL BE RESERVED
          FOR    CAPITAL       PROJECTS       AND     LOAN       APPROPRIATIONS.        THE
          LEGISLATURE MAY EXCEED THIS LIMIT IN BILLS FOR APPROPRIATIONS
          TO    THE     ALASKA       PERMANENT        FUND       AND    IN    BILLS     FOR
          APPROPRIATIONS        FOR    CAPITAL       PROJECTS,    WHETHER       OF    BOND
          PROCEEDS OR OTHERWISE, IF EACH BILL IS APPROVED BY THE
          GOVERNOR, OR PASSED BY AFFIRMATIVE VOTE OF THREE-FOURTHS OF
          THE MEMBERSHIP OF THE LEGISLATURE OVER A VETO OR ITEM VETO,
          OR BECOMES LAW WITHOUT SIGNATURE, AND IS ALSO APPROVED BY
          THE VOTERS AS PRESCRIBED BY LAW. EACH BILL FOR APPROPRIATIONS
          FOR CAPITAL PROJECTS IN EXCESS OF THE LIMIT SHALL BE CONFINED
          TO CAPITAL PROJECTS OF THE SAME TYPE, AND THE VOTERS SHALL, AS
          PROVIDED BY LAW, BE INFORMED OF THE COST OF OPERATIONS AND
          MAINTENANCE OF THE CAPITAL PROJECTS. NO OTHER APPROPRIATION
          IN EXCESS OF THIS LIMIT MAY BE MADE EXCEPT TO MEET A STATE OF
          DISASTER DECLARED BY THE GOVERNOR AS PRESCRIBED BY LAW. THE
          GOVERNOR SHALL CAUSE ANY UNEXPENDED AND UNAPPROPRIATED
          BALANCE TO BE INVESTED SO AS TO YIELD COMPETITIVE MARKET
          RATES TO THE TREASURY].
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  * Sec. 2. Article XV, Constitution of the State of Alaska, is amended by adding a new
 section to read:
                Section 30. Application of Appropriation Limit. The 2022 amendment
        limiting appropriation increases applies to appropriations made for the fiscal year
        ending June 30, 2024, and thereafter.
  * Sec. 3. The amendments proposed by this resolution shall be placed before the voters of
 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the
 State of Alaska, and the election laws of the state.
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Statutes affected: 
HJR023A, AM HJR 23, introduced 01/07/2022: 