Legislature(2017 - 2018)
2017-03-01 Senate JournalFull Journal pdf
2017-03-01 Senate Journal Page 0381 SB 21 The State Affairs Committee considered SENATE BILL NO. 21 "An Act relating to appropriations from the income of the Alaska permanent fund; relating to the calculation of permanent fund dividends; and providing for an effective date" and recommended the adoption of the following Letter of Intent: State Affairs Committee Letter of Intent It is the intent of the Senate State Affairs Committee that when subsequent committees of referral in both bodies of the Alaska Legislature consider Senate Bill 21 (Permanent Fund: Income; POMV; Dividends), or any related legislation dealing with the use of the earnings of the Permanent Fund, that those committees strongly consider including the following elements. 1. Protection of the corpus of the Permanent Fund against the erosive effect of inflation over time. 2. A draw limit on the portion of earnings of the Permanent Fund drawn for use by state government. 3. A savings rule which captures and saves at least some peak revenue, and places these savings into the corpus of the Permanent Fund. Signing no recommendation: Senator Dunleavy, Chair; Senators Egan, Wilson. Signing do pass: Senator Giessel. The following fiscal information was published today: Fiscal Note No. 1, zero, Department of Administration Fiscal Note No. 2, Department of Corrections Fiscal Note No. 3, zero, Department of Revenue The bill was referred to the Finance Committee.