00HOUSE BILL NO. 82                                                                                                       
01 "An Act making a special appropriation to the principal of the permanent fund."                                         
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1.  An amount equal to the balance of the earnings reserve account                                         
04 (AS 37.13.145(a)) on June 30, 1997, less $50,000,000, less the amount calculated under                                  
05 AS 37.13.145(c) to offset the effect of inflation on the principal of the permanent fund during                         
06 fiscal year 1997, and less the amount authorized under AS 37.13.145(b) for transfer to the                              
07 dividend fund (AS 43.23.045(a)) for the payment of 1997 permanent fund dividends, is                                    
08 appropriated to the principal of the Alaska permanent fund.