Sec. 43.08.035. Annual appropriation.

143 words·~1 min read·/ak/title-43/chapter-8/43-08-035

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(a)There is appropriated each fiscal year from the general fund the amount necessary for the payment of interest on revenue anticipation notes issued under this chapter when the term of those notes measured from the date of issuance to the date of first maturity does not exceed nine months.

(b)The commissioner shall obtain approval of the Legislative Budget and Audit Committee for the expenditure of appropriations made under

(a)of this section.

(c)The commissioner shall make available to the legislature by the third Monday of each January a report setting out in detail the amount appropriated from the general fund under this section for the previous fiscal year, the amount anticipated during the current fiscal year, and an amount forecast for the next fiscal year. The commissioner shall notify the legislature that the report is available.