00SENATE CS FOR CS FOR HOUSE BILL NO. 231(FIN) am S(fld S)                                                              
01 "An Act authorizing an advisory vote on a long term financial plan for the                                              
02 state; and providing for an effective date."                                                                            
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  ADVISORY VOTE.  At a special election to be held on September 14, 1999,                              
05 in substantial compliance with the election laws of the state, including absentee voting, the                           
06 lieutenant governor shall place before the qualified voters of the state a question advisory to                         
07 the legislature and the governor.  The question shall appear on the ballot in the following                             
08 form:                                                                                                                   
09 ADVISORY BALLOT QUESTION                                                                                                
10 Balanced Budget Plan:  This will preserve the permanent fund dividend,                                                 
11 inflation-proof the permanent fund, support public services, and establish a                                            
12 citizen Revenue Task Force.  The plan will                                                                              
13 (1)Protect the Permanent Fund:  The principal of the Alaska permanent                                                 
14 fund will remain untouched and inflation-proofed to protect the value                                                   

01 of the fund for current and future generations.                                                                         
02 (2)Preserve the Dividend:  Dividend payments to qualified Alaskans are                                                
03 continued, and the dividend will grow over time.  Dividends will be                                                     
04 paid based on the market value of the Alaska permanent fund.                                                            
05 (3) Reduce Spending:  Reduce state general fund spending for fiscal years                                             
06 2000 and 2001.                                                                                                          
07 (4)Public Accountability:  All permanent fund expenditures will be                                                    
08 disclosed to each Alaskan who receives a permanent fund dividend                                                        
09 check.                                                                                                                  
10 (5)Explore Revenue Options:  Establish a citizen's Revenue Task Force to                                              
11 present options to identify revenue sources.                                                                            
12 (6)No Income Tax:  No personal income tax will be enacted as part of this                                             
13 plan.                                                                                                                   
14 Question:  Should a portion of permanent fund                                                                        
15 earnings be used to help balance the state budget                                                                       
16 after first paying annual dividends to residents                                                                        
17 and inflation-proofing the permanent fund?                                                                              
18      Yes [  ]   No [  ]                                                                                               
19    * Sec. 2.  This Act takes effect immediately under AS 01.10.070.