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: Municipal Tax: Property Affected By Disaster
Signed into Law! Chapter 1 SLA 04
Sponsored by
An Act relating to municipal property tax adjustments for property affected by a disaster.
Version: CSHB 209(RLS)
Contact: Sue Wright 465-3779
Action: 02-13-04: Signed into law by Governor
HB 209 allows municipalities to provide for a tax reduction for property destroyed, damaged or otherwise reduced in value as a result of a disaster.
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| | [PDF - 1 Page - 10 KB] | House Bill 209 : Allows municipalities to provide for a tax reduction for property destroyed, damaged or otherwise reduced in value as a result of a disaster. |
: Appropriations: Operating Budget/ Loans/ Funds
Conference Committee Report Adopted
Sponsored by the
Requested by
An Act making appropriations for the operating and loan program expenses of state government, for certain programs, and to capitalize funds; making appropriations under (c), Constitution of the State of Alaska; and providing for an effective date.
Version: SCS CSHB 375(FIN) AM S (BRF SUP MAJ FLD S)
Contact: Mike Tibbles, 465-4021
Action: 04-22-04: Passed the Senate »Notice of Reconsideration Given
Passed 12 to 8, but failed needed three-fourths vote in the Senate
| | | House Bill 375 : Provides $2.3 billion in general funds to operate State government. In addition to covering constitutionally mandated services, includes $14.9 million to capitalize the SeniorCare Program to ensure funding until Medicare changes come on line in 2006; fully funds the Power Cost Equalization program at $15.7 million; adds new troopers, six new public defenders, seven prosecutors and three child-in-need of aid attorneys. Provides funding for the agencies responsible for resource development such as increased land sales, improved permitting and review of gas line proposals. The Legislature also passed HB 377, which funds the State's comprehensive integrated mental health program, and SB 283 (see below). |
: Regional Seafood Development Associations/ Tax
Passed Legislature! Await Transmit to Gov.
Sponsored by
Requested by the
An Act relating to regional seafood development associations and to regional seafood development taxes.
Version: SCS CS HB 419 (FIN)
Contact: Melissa Dover, 465-2487
Action: 05-09-04: Passed the Senate
House Bill 419, recommended by the Joint Legislative Salmon Industry Task Force, will allow fishermen to form regional seafood development associations to tax themselves, providing a stable funding source for marketing efforts. CS HB 419 (RES) clarifies that the first qualified organization to apply will be designated the regional seafood development association and more closely define the membership of the associations. Amended to require 30% of permit holders to attend before an election is valid. Then a majority of those attending constitutes a majority.
| | | House Bill 419 : Allows fishermen to form regional seafood development associations to tax themselves, providing a stable funding source for marketing efforts. |
: 4 Dam Pool Joint Action Agency
Passed Legislature! Await Transmit to Gov.
Sponsored by
An Act relating to the four dam pool joint action agency; and providing for an effective date.
Version: SCS CS HB 495 (FIN)
Contact: Pete Ecklund, 465-3424
Action: 05-10-04: (S)FIN » (S)RLS
The main purpose of this legislation is to allow the Four Dam Pool Power Agency (FDPPA), the first agency formed under the statute allowing joint action agencies (JAA's), to refinance their approximately $73 million loan owed to the Alaska Industrial Development and Export Authority (AIDEA).
| | | House Bill 495 : Allows the Four Dam Pool Power Agency to refinance their approximately $73 million loan owed to the Alaska Industrial Development and Export Authority. |
: AIDEA Bond for Lynn Canal Port
Passed Legislature! Await Transmit to Gov.
Sponsored by the
An Act relating to a port development project at Lynn Canal, providing legislative approval for the Alaska Industrial Development and Export Authority to issue bonds or otherwise provide financing for the project; and providing for an effective date.
Version: CS HB 556 (FIN)
Contact: Linda Sylvester, 465-3744
Action: 05-05-04: (S)FIN » (S)RLS
An Act relating to a port development project at Lynn Canal, providing legislative approval for the Alaska Industrial Development and Export Authority to issue bonds or otherwise provide financing for the project; and providing for an effective date. Amended to limit funds for the project to bond sales. Amended to add specific language to specify the location of the project. (Slate Creek cove and Cascade Point on Lynn Canal).
| | | House Bill 556 : Provides legislative approval for the Alaska Industrial Development and Export Authority to issue bonds or otherwise provide financing for a port development project at Lynn Canal. Limits funds for the project to bond sales. Specifies the location of the project at Slate Creek Cove and Cascade Point on Lynn Canal. The bonds would be retired using lease payments from the proposed Kensington Mine operation. |
: AK Info Infrastructure Policy Task Force
Passed Legislature! Await Transmit to Gov.
Sponsored by
Relating to information infrastructure and establishing the Alaska Information Infrastructure Policy Task Force.
Version: CS HCR 32 (EDT) Am
Contact: Susan Davis, 465-6578
Action: 05-09-04: (S)FIN » (S)RLS
House Concurrent Resolution 32 establishes the Alaska Information Infrastructure Policy Task Force. The task force will be charged with consideration of Alaska's role and interest in long-term information infrastructure development. Amended to include a member from the DOA and adjusted the fiscal note.
| | | House Concurrent Resolution 32 : Establishes the Alaska Information Infrastructure Policy Task Force to consider Alaska's role and interest in long-term information infrastructure development. |
: Municipal Economic Development/Taxation
Signed into Law! Chapter 5 SLA 04
Sponsored by
An Act authorizing municipalities to provide for economic development and authorizing municipalities to expend revenue collected on an areawide or nonareawide basis to provide for economic development.
Version: CSSB 183(STA)
Contact: Brian Hove, 465-2327
Action: 03-08-04: Signed by Governor March 5
SB 183 allows boroughs that have entered into economic development agreements with a municipality inside that borough to spend borough revenues on projects located within that municipality.
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[PDF - 1 Page - 29 KB]
| Senate Bill 183 : Allows Second Class Boroughs to expend economic development funds collected inside the borough but outside of the cities for projects located throughout the borough, both inside and outside the cities, as long as there is an agreement with the city to cooperatively or jointly provide for economic development. |
:Approp:Capital/Supplemental/Reapprop/CBR
Transmitted to Governor
Sponsored by
An Act making, amending, and repealing appropriations, including capital appropriations, supplemental appropriations, reappropriations, and appropriations to capitalize funds; making appropriations under art. IX, sec. 17(c), Constitution of the State of Alaska, from the constitutional budget reserve fund; and providing for an effective date.
Version: FCCS SB 283 (corrected)
Contact: Tim Grussendorf, 465-2829
Action: 06-25-04: Transmitted to Governor
A House and Senate Conference Committee approved a compromise budget package Monday evening (05/10/04) that increases K-12 education funding by $82 million, the largest single increase to education in the State's history, and provides for capital needs. Portions of the bill are contingent on a three-quarters vote of the Legislature to approve using money from the Constitutional Budget Reserve to make up possible shortfalls in the FY 04 and 05 operating budgets, and restore money to be transferred into the CBR at the end of the 2004 and 2005 fiscal years under a constitutional provision requiring that general fund sub-accounts be swept into the Budget Reserve at the end of each fiscal year.
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| | | Senate Bill 283 : Increases funding for public K-12 education by $82 million, including $33.9 million for the public employees' and teachers' retirement systems. Increases funding for the University of Alaska by $15.8 million, including $5.8 million for the retirement systems. Includes the $1.6 billion capital budget, which uses less than $200 million in State money to maximize more than $1.4 billion in federal monies. Includes $5.8 million for the Department of Education's top 11 major maintenance projects, $1 million for the Yuut Elitnauriviat People's Learning Center in Bethel and $2 million for further erosion control in Shishmaref. |
: Permanent Fund Investments
Signed Into Law! Chapter 74 SLA 04
Sponsored by the
Requested by the
An Act relating to investments of Alaska permanent fund assets; and providing for an effective date.
Version: CS SB 326 (STA)
Contact: Laura Achee, 465-2059
Action: 06-16-04: Signed Into Law
SB 326 clarifies investment guidelines for the Alaska Permanent Fund to explicitly authorize certain investments under a basket clause that allows the trustees to invest up to 5 percent of the Fund in investments that are restricted under the statutory list, but are appropriate under the prudent investor rule. It also increases the percentage that can be invested under the basket clause up to 10 percent.
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[PDF - 1 Page -
12 KB]
| Senate Bill 326 : Clarifies investment guidelines for the Alaska Permanent Fund to explicitly authorize certain investments under a "basket clause" that allows the trustees to invest up to 5 percent of the Fund in investments that are restricted under the statutory list, but are appropriate under the prudent investor rule. Increases the percentage that can be invested under the "basket clause" up to 10 percent. Gives the Trustees more options in the types of investments allowed, potentially increasing return and diversification of one of the State's most valuable assets. |
: Approve Flint Hills Royalty Oil Sale
Signed into Law! Chapter 6 SLA 04
Sponsored by
An Act approving the sale of royalty oil by the State of Alaska to Flint Hills Resources Alaska, LLC, and Flint Hills Resources, LLC; and providing for an effective date.
Version: CS SB 348 (FIN)
Contact: Joe Balash, 465-4797
Action: 03-10-04: Signed into Law
The governor signed SB 348 into law March 9. It grants legislative approval to a contract for the sale of state royalty oil to Flint Hills Resources. The terms of the contract will result in increased state revenues of $2.6 million to $8.4 million.
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[PDF - 1 Page -
31 KB]
| Senate Bill 348 : Grants legislative approval to a 10-year contract for the sale of state royalty oil to Flint Hills Resources, a subsidiary of Koch Industries in Wichita Kansas. A long-term oil contract with the state was a condition of Flint Hills' purchase of the North Pole Refinery from Williams Alaska Petroleum. The oil would be converted for commercial use at the Refinery, which supplies 56 percent of the state's jet fuel consumption. The Department of Natural Resources forecasts that royalty revenues under the contract will be approximately $0.30 per barrel higher than if the royalty were taken in value from the North Slope producers, resulting in increased state revenues from $2.6 million to $8.4 million. Flint Hills also committed to numerous other provisions beneficial to the state, including investing $100 million in new processing equipment that will produce low-sulfur fuel mandated by the federal government beginning June 2006. |
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The Twenty-third Alaska State Legislature fulfilled its commitment to prioritize state spending on those things that are most important to Alaskans. Since FY2003, the Republican-led majorities in the House and Senate have reduced appropriations from all state sources by $92.4 million. At the same time, legislators passed the largest single increase to K-12 support in the state's history, increased funding for the University of Alaska, put new troopers on the job, put more prosecutors in the court rooms, and absorbed an increase in retirement costs in excess of $100 million.
