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- Alaska Statutes.
- Title 19. Highways and Ferries
- Chapter 65. Alaska Marine Highway System
- Section 70. Revenue Accounting.
previous:
Section 60. Alaska Marine Highway System Fund.
next:
Section 80. Annual Appropriation.
AS 19.65.070. Revenue Accounting.
- (a) The Alaska marine highway system shall account for and remit to the Department of Revenue in accordance with AS 37.10.050
all gross revenue generated from the operation of the Alaska marine highway system during each annual operating cycle.
The money shall then be deposited in the Alaska marine highway system fund.
- (b) The Alaska marine highway system shall prepare a written report, no later than the 10th day of each regular
legislative session, regarding the previous annual operating cycle and notify the legislature that the report is
available. The report must identify
- (1) gross revenue generated during the previous annual operating cycle;
- (2) gross revenue generated during the current annual operating cycle and an estimate of gross revenue for the remainder
of the current annual operating cycle;
- (3) projections of the gross revenue to be generated during the next annual operating cycle; and
- (4) the difference between previous gross revenue estimates prepared under this section and the revenues actually
generated.
- (c) The Department of Revenue shall prepare a written report, no later than the 10th legislative day of each regular
legislative session, regarding the earnings on gross revenue of the Alaska marine highway system that was deposited
into the Alaska marine highway system fund during the prior fiscal year and projected earnings on gross revenue of the
Alaska marine highway system that is projected to be deposited into the Alaska marine highway system fund for the
current fiscal year and the next fiscal year. The Department of Revenue shall notify the legislature that the report is
available.
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