An Act relating to an appropriation limit; relating to the budget responsibilities of the governor; and providing for an effective date.

SB 36 would limit annual state appropriations (spending) to 12% of Alaska's average real gross domestic product (GDP) over the previous five years, adjusted for population growth and inflation. It specifically excludes certain spending types from this limit, including bond proceeds, disaster relief funds, permanent fund dividends, and some trust fund allocations. The governor would be required to report annually on how the state budget complies with this spending cap. This bill requires a constitutional amendment to take effect and is scheduled to go into effect on July 1, 2025, if enacted.