Bill Summary – FastDemocracy

33-LS0170\A
                                    SENATE JOINT RESOLUTION NO. 3
                         IN THE LEGISLATURE OF THE STATE OF ALASKA
                           THIRTY-THIRD LEGISLATURE - FIRST SESSION
     BY SENATOR MYERS
     Introduced: 1/18/23
     Referred: 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 corporate receipts [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 personal income of the residents of the State as
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         estimated by the federal bureau responsible for economic analysis according to
         federal law 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 and one-half 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 and one-half percent of the average
         calculated under this section. The value of the personal income of the residents in
         this section shall not include compensation for state and local government
         employees and shall not include distributions of the permanent fund dividend
         [$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
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        RATES TO THE TREASURY].
  * 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 2024 amendment
        limiting appropriation increases applies to appropriations made for the fiscal year
        ending June 30, 2026, 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: 
SJR003A, AM SJR 3, introduced 01/09/2023: 