Sec. 24.20.231. Duties.

238 words·~1 min read·/ak/title-24/chapter-20/24-20-231

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The legislative finance division shall

(1)analyze the budget and appropriation requests of each department, institution, bureau, board, commission, or other agency of state government;

(2)analyze the revenue requirements of the state;

(3)provide the finance committees of the legislature with comprehensive budget review and fiscal analysis services;

(4)cooperate with the office of management and budget in establishing a comprehensive system for state budgeting and financial management as set out in AS 37.07 (Executive Budget Act);

(5)complete studies and prepare reports, memoranda, or other materials as directed by the Legislative Budget and Audit Committee;

(6)with the governor's permission, designate the legislative fiscal analyst to serve ex officio on the governor's budget review committee;

(7)not later than the first legislative day of each first regular session of each legislature,

(A)conduct a review in accordance with AS 24.20.235 of the report provided to the division under AS 43.05.095 ; and

(B)conduct a review of inactive state accounts and funds, make recommendations regarding which inactive state accounts and funds, if any, should be repealed, and submit an electronic report of the division's recommendations to the governor, the president of the senate, the speaker of the house of representatives, the chair of the finance committee of each house of the legislature, the senate secretary, and the chief clerk of the house of representatives, and notify the legislature that the report is available.