(a) Not later than 30 days after the end of each calendar quarter, the commissioner of administration shall determine, as of the end of that quarter, the fiscal year‘s

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Terms Used In Alaska Statutes 43.55.221

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(1) unreserved and unobligated balance in the response account of the oil and hazardous substance release prevention and response fund established in Alaska Stat. § 46.08.010; for purposes of this paragraph, the “unreserved and unobligated balance in the response account” means the cash balance of the account less the sum of

(A) reserves for outstanding appropriations from the account;
(B) encumbrances of money in the account; and
(C) other liabilities of the account;
(2) balance of the account maintained under Alaska Stat. § 37.05.142 that accounts for the proceeds of the surcharge that are deposited in the general fund;
(3) the balance of the response mitigation account established by Alaska Stat. § 46.08.025(b) that originated from the sources described in Alaska Stat. § 46.08.025(a)(3) and that is available for appropriation to the response account of the fund established in Alaska Stat. § 46.08.010.
(b) Within 15 days after making the determinations required by (a) of this section, the commissioner of administration shall

(1) add the amounts determined under (a)(1) – (3) of this section; and
(2) report the sum calculated under (1) of this subsection to the commissioner of revenue.
(c) In making the determination required by (a) of this section, the commissioner of administration may not consider money described in (a) of this section that is subject to a dedication imposed by law that restricts the use of the money to a specific purpose for which the response account of the oil and hazardous substance release prevention and response fund established in Alaska Stat. § 46.08.010 may not be lawfully expended.
(d) If the commissioner of administration reports that the sum reported under (b) of this section equals or exceeds $50,000,000, the commissioner of revenue shall suspend imposition and collection of the surcharge levied and collected under Alaska Stat. § 43.55.201. Suspension of the imposition and collection of the surcharge begins on the first day of the calendar quarter next following the commissioner’s receipt of the commissioner of administration’s report under (b) of this section. Before the first day of a suspension authorized by this subsection, the commissioner shall make a reasonable effort to notify all persons who are known to the department to be paying the surcharge under Alaska Stat. § 43.55.201 that the surcharge will be suspended.
(e) Except as provided in Alaska Stat. § 43.55.231, if the commissioner of administration reports that the sum reported under (b) of this section is less than $50,000,000, the commissioner of revenue shall require imposition and collection of the surcharge authorized under Alaska Stat. § 43.55.201. If the surcharge is not in effect, reimposition of the surcharge begins on the first day of the calendar quarter next following the commissioner’s receipt of the commissioner of administration’s report under (b) of this section. Before the first day of reimposition of the surcharge authorized by this subsection, the commissioner shall make a reasonable effort to notify all persons who are known to the department to be required to pay the surcharge under Alaska Stat. § 43.55.201 that the surcharge will be reimposed.