00                             HOUSE BILL NO. 2003                                                                         
01 "An Act making special appropriations for the payment of permanent fund dividends;                                      
02 and providing for an effective date."                                                                                   
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. ALASKA PERMANENT FUND. (a) The sum of $1,000,000,000 is                                               
05 appropriated from the earnings reserve account (AS 37.13.145) to the general fund for the                               
06 fiscal year ending June 30, 2020.                                                                                       
07 (b)  The unexpended and unobligated balance of the budget reserve fund                                                  
08 (AS 37.05.540(a)), estimated to be $172,200,000, is appropriated to the dividend fund                                   
09 (AS 43.23.045(a)) for the payment of permanent fund dividends and for administrative and                                
10 associated costs for the fiscal year ending June 30, 2020.                                                              
11       (c)  The sum of $901,470,000 is appropriated from the general fund to the dividend                                
12 fund (AS 43.23.045(a)) for the payment of permanent fund dividends and for administrative                               
13 and associated costs for the fiscal year ending June 30, 2020.                                                          
14    * Sec. 2. LAPSE. The appropriations made in secs. 1(b) and (c) of this Act are for the                             
01 capitalization of a fund and do not lapse.                                                                              
02    * Sec. 3. This Act is retroactive to July 1, 2019.                                                                 
03    * Sec. 4. This Act takes effect immediately under AS 01.10.070(c).