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SB 17: "An Act making a special appropriation from the earnings reserve account for the payment of supplemental permanent fund dividends; and providing for an effective date."

00                             SENATE BILL NO. 17                                                                          
01 "An Act making a special appropriation from the earnings reserve account for the                                        
02 payment of supplemental permanent fund dividends; and providing for an effective                                        
03 date."                                                                                                                  
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1. ALASKA PERMANENT FUND CORPORATION. The sum of                                                         
06 $2,393,306,684 is appropriated from the earnings reserve account (AS 37.13.145) to the                                  
07 dividend fund (AS 43.23.045(a)) for payment of a supplemental permanent fund dividend to                                
08 each individual                                                                                                         
09            (1)  who received a 2016, 2017, or 2018 permanent fund dividend; and                                         
10            (2)  eligible for a 2019 permanent fund dividend.                                                            
11    * Sec. 2. CONTINGENCY. The appropriation made by sec. 1 of this Act is contingent on                               
12 passage by the Thirty-First Alaska State Legislature and enactment into law of a bill directing                         
13 the commissioner of revenue to pay a supplemental permanent fund dividend to each                                       
14 individual                                                                                                              
01            (1)  who received a 2016, 2017, or 2018 permanent fund dividend; and                                         
02            (2)  eligible for a 2019 permanent fund dividend.                                                            
03    * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).