HB 162: "An Act increasing the amounts of the 2016, 2017, and 2018 permanent fund dividends and directing the Department of Revenue to pay a supplemental dividend to eligible individuals; and providing for an effective date."
00 HOUSE BILL NO. 162 01 "An Act increasing the amounts of the 2016, 2017, and 2018 permanent fund dividends 02 and directing the Department of Revenue to pay a supplemental dividend to eligible 03 individuals; and providing for an effective 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 SUPPLEMENTAL PERMANENT FUND DIVIDENDS. (a) The commissioner of 08 revenue shall pay a supplemental 2016 permanent fund dividend to each eligible individual 09 who received a 2016 permanent fund dividend. The commissioner shall determine the total 10 amount of the dividend by dividing the amount appropriated by the Thirty-First Alaska State 11 Legislature from the earnings reserve account (AS 37.13.145) to the dividend fund 12 (AS 43.23.045(a)) for payment of supplemental 2016 permanent fund dividends by the 13 number of individuals who received a 2016 permanent fund dividend. 14 (b) The commissioner of revenue shall pay a supplemental 2017 permanent fund
01 dividend to each eligible individual who received a 2017 permanent fund dividend. The 02 commissioner shall determine the total amount of the dividend by dividing the amount 03 appropriated by the Thirty-First Alaska State Legislature from the earnings reserve account 04 (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for payment of supplemental 2017 05 permanent fund dividends by the number of individuals who received a 2017 permanent fund 06 dividend. 07 (c) The commissioner of revenue shall pay a supplemental 2018 permanent fund 08 dividend to each eligible individual who received a 2018 permanent fund dividend. The 09 commissioner shall determine the total amount of the dividend by dividing the amount 10 appropriated by the Thirty-First Alaska State Legislature from the earnings reserve account 11 (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for payment of supplemental 2018 12 permanent fund dividends by the number of individuals who received a 2018 permanent fund 13 dividend. 14 * Sec. 2. CONTINGENCIES. (a) Section 1(a) of this Act is contingent on passage by the 15 Thirty-First Alaska State Legislature and enactment into law before June 30, 2019, of an 16 appropriation from the earnings reserve account (AS 37.13.145) to the dividend fund 17 (AS 43.23.045(a)) for the payment of supplemental 2016 permanent fund dividends. 18 (b) Section 1(b) of this Act is contingent on passage by the Thirty-First Alaska State 19 Legislature and enactment into law before June 30, 2019, of an appropriation from the 20 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the 21 payment of supplemental 2017 permanent fund dividends. 22 (c) Section 1(c) of this Act is contingent on passage by the Thirty-First Alaska State 23 Legislature and enactment into law before June 30, 2019, of an appropriation from the 24 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the 25 payment of supplemental 2018 permanent fund dividends. 26 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).