txt

SB 23: "An Act making special appropriations from the earnings reserve account for the payment of permanent fund dividends; and providing for an effective date."

00                             SENATE BILL NO. 23                                                                          
01 "An Act making special appropriations 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 (a)  The amount necessary                                           
05 for payment of $1,061 to eligible individuals who received a 2016 permanent fund dividend                               
06 and who are eligible to receive a 2019 permanent fund dividend, is appropriated from the                                
07 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the fiscal                           
08 year ending June 30, 2020.                                                                                              
09       (b)  The amount necessary for payment of $1,289 to eligible individuals who received                              
10 a 2017 permanent fund dividend and who are eligible to receive a 2020 permanent fund                                    
11 dividend, is appropriated from the earnings reserve account (AS 37.13.145) to the dividend                              
12 fund (AS 43.23.045(a)) for the fiscal year ending June 30, 2021.                                                        
13       (c)  The amount necessary for payment of $1,328 to eligible individuals who received                              
14 a 2018 permanent fund dividend and who are eligible to receive a 2021 permanent fund                                    
01 dividend, is appropriated from the earnings reserve account (AS 37.13.145) to the dividend                              
02 fund (AS 43.23.045(a)) for the fiscal year ending June 30, 2022.                                                        
03 (d)  The amount authorized under AS 37.13.145(b) for transfer by the Alaska                                             
04 Permanent Fund Corporation in the fiscal year ending June 30, 2020, is appropriated from the                            
05 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the                                  
06 payment of permanent fund dividends for the fiscal year ending June 30, 2020.                                           
07 (e)  The amount authorized under AS 37.13.145(b) for transfer by the Alaska                                             
08 Permanent Fund Corporation in the fiscal year ending June 30, 2021, is appropriated from the                            
09 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the                                  
10 payment of permanent fund dividends for the fiscal year ending June 30, 2021.                                           
11 (f)  The amount authorized under AS 37.13.145(b) for transfer by the Alaska                                             
12 Permanent Fund Corporation in the fiscal year ending June 30, 2022, is appropriated from the                            
13 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the                                  
14 payment of permanent fund dividends for the fiscal year ending June 30, 2022.                                           
15 (g)  The amount authorized under AS 37.13.145(b) for transfer by the Alaska                                             
16 Permanent Fund Corporation in the fiscal year ending June 30, 2023, is appropriated from the                            
17 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the                                  
18 payment of permanent fund dividends for the fiscal year ending June 30, 2023.                                           
19    * Sec. 2. CONTINGENCY. The appropriations made in sec. 1(a) - (c) of this Act are                                  
20 contingent on passage by the Thirty-First Alaska State Legislature and enactment into law of                            
21 a bill directing the commissioner of revenue to include certain payments for the 2016, 2017,                            
22 and 2018 permanent fund dividends to be made to eligible individuals with 2019, 2020, and                               
23 2021 permanent fund dividend payments.                                                                                  
24    * Sec. 3. Section 1(b) and (e) of this Act take effect July 1, 2020.                                               
25    * Sec. 4. Section 1(c) and (f) of this Act take effect July 1, 2021.                                               
26    * Sec. 5.  Section 1(g) of this Act takes effect July 1, 2022.                                                     
27    * Sec. 6. Except as provided in secs. 3 - 5 of this Act, this Act takes effect immediately                         
28 under AS 01.10.070(c).