00                             HOUSE BILL NO. 99                                                                          
01 "An Act making a special appropriation to the principal of the permanent fund; and                                      
02 providing for an effective date."                                                                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  An amount equal to the balance of the earnings reserve account                                       
05 (AS 37.13.145(a)) on June 30, 2007, less $1,730,000,000, less the amount calculated under                               
06 AS 37.13.145(c) to offset the effect of inflation on the principal of the permanent fund during                         
07 fiscal year 2007, less the amount authorized under AS 37.13.145(b) for transfer to the                                  
08 dividend fund (AS 43.23.045(a)) for the payment of 2007 permanent fund dividends, and less                              
09 the amount under AS 37.13.145(d) that is deposited into the Alaska capital income fund                                  
10 (AS 37.05.565) for fiscal year 2007, is appropriated to the principal of the Alaska permanent                           
11 fund.                                                                                                                   
12    * Sec. 2. This Act takes effect June 30, 2007.