00                     CS FOR HOUSE BILL NO. 4002(CRA)                                                                    
01 "An Act relating to Alaska resource rebates, and increasing the amount of the 2008                                      
02 permanent fund dividend by the amount of the rebate; and providing for an effective                                     
03 date."                                                                                                                  
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1. The uncodified law of the State of Alaska is amended by adding a new section                          
06 to read:                                                                                                                
07       ALASKA RESOURCE REBATES. (a) To provide residents of the state with an                                            
08 Alaska resource rebate, the amount of the 2008 permanent fund dividend shall be increased.                              
09 After calculating the amount of the 2008 dividend under AS 43.23.025, the commissioner of                               
10 revenue shall add $1,200 to determine the total amount of that dividend.                                                
11       (b)  Subject to appropriation, the amount necessary to increase 2008 permanent fund                               
12 dividends under (a) of this section shall be transferred from the general fund to the dividend                          
13 fund (AS 43.23.045).                                                                                                    
14    * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).