Proposing constitutional amendments to limit appropriations in Alaska, with exceptions for certain funds and capital projects.

This bill proposes amendments to the Alaska Constitution to limit appropriations, except for specific funds and capital projects. It sets a cap on appropriations based on the state's real gross domestic product, with exceptions for Alaska Permanent Fund dividends and capital projects. The amendments would apply to fiscal years starting from June 30, 2028. The bill also outlines procedures for exceeding the appropriation limit, including approval by the governor or a three-fourths majority vote in the legislature.

Proposing constitutional amendments to limit appropriations in Alaska, with exceptions for certain funds and capital projects.

This bill proposes amendments to the Alaska Constitution to limit appropriations, except for specific funds and capital projects. It sets a cap on appropriations based on the state's real gross domestic product, with exceptions for Alaska Permanent Fund dividends and capital projects. The amendments would apply to fiscal years starting from June 30, 2028. The bill also outlines procedures for exceeding the appropriation limit, including approval by the governor or a three-fourths majority vote in the legislature.