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SENATE BILL NO. 1002
IN THE LEGISLATURE OF THE STATE OF ALASKA
THIRTY-FIRST LEGISLATURE - FIRST SPECIAL SESSION
BY THE SENATE FINANCE COMMITTEE
Introduced: 6/3/19
Referred: Rules

A BILL
FOR AN ACT ENTITLED
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"An Act making special appropriations for the payment of permanent fund dividends;

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and providing for an effective date."

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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:

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* Section 1. ALASKA PERMANENT FUND. The amount necessary for payment of a

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permanent fund dividend of $1,600 and for administrative and associated costs, estimated to

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be $1,070,500,000, is appropriated to the dividend fund (AS 43.23.045(a)) for the fiscal year

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ending June 30, 2020, from the following sources:

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(1) $770,000,000 from the general fund;

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(2) $172,400,000 from the budget reserve fund (AS 37.05.540(a)); and

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(3) the amount necessary, after the appropriations made in (1) and (2) of this

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section, estimated to be $128,100,000, not to exceed $148,100,000, from the Alaska higher

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education investment fund (AS 37.14.750).

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* Sec. 2. LAPSE. The appropriation made in sec. 1 of this Act is for the capitalization of a
fund and does not lapse.

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* Sec. 3. This Act takes effect July 1, 2019.

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