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SB 1: "An Act making a special appropriation from the earnings reserve account for the payment of permanent fund dividends; and providing for an effective date."

00                              SENATE BILL NO. 1                                                                          
01 "An Act making a special appropriation from the earnings reserve account for the                                        
02 payment of permanent fund dividends; and providing for an effective date."                                              
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. ALASKA PERMANENT FUND CORPORATION. The sum of $666,350,000                                            
05 is appropriated from the earnings reserve account (AS 37.13.145) to the dividend fund                                   
06 (AS 43.23.045(a)) for the payment of supplemental 2016 permanent fund dividends to eligible                             
07 individuals who received a 2016 permanent fund dividend.                                                                
08    * Sec. 2. CONTINGENCY. The appropriation made in sec. 1 of this Act is contingent on                               
09 passage by the Thirtieth Alaska State Legislature and enactment into law of a bill directing the                        
10 commissioner of revenue to pay a supplemental 2016 permanent fund dividend.                                             
11    * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).