Bill > SB163

This bill repeals several inactive state funds and accounts that are no longer in use or necessary, effectively cleaning up and streamlining Alaska's financial statutes. Specifically, the legislation eliminates multiple funds including the home ownership assistance fund, operating loss reserve account, public access fund, Southeast energy fund, Alaska Gasline Inducement Act reimbursement fund, child care facility revolving loan fund foreclosure expense account, tourism revolving fund foreclosure expense account, residential energy conservation fund foreclosure expense account, historical district revolving loan fund foreclosure expense account, Alaska temporary assistance program emergency account, and the 2001 Special Olympics World Winter Games reserve fund. The bill provides a clear mechanism for removing these obsolete financial accounts from state law, with a specific effective date of June 30, 2025. By eliminating these inactive funds, the legislation helps reduce administrative complexity and potentially allows the state to streamline its financial management processes.

Business and Industry

https://www.akleg.gov/basis/Bill/Detail/34?Root=SB163