00                            HOUSE BILL NO. 144                                                                          
01 "An Act authorizing an advisory vote on whether income of the Alaska permanent fund                                     
02 in the earnings reserve account should be used for a community dividend program."                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  The uncodified law of the State of Alaska is amended by adding a new section                         
05 to read:                                                                                                                
06       ADVISORY VOTE.  At the next general election, in compliance with the election                                     
07 laws of the state, the lieutenant governor shall place before the qualified voters of the state a                       
08 question advisory to the legislature and the governor.  Notwithstanding AS 15.60.005 relating                           
09 to preparation of the ballot proposition, the question shall appear on the ballot in the following                      
10 form:                                                                                                                   
11                            Q U E S T I O N                                                                              
12            The community dividend program, if it is established, would annually                                         
13       use $150,000,000, adjusted for inflation, to pay a community dividend to each                                     
14       municipality and to each unincorporated community in the unorganized                                              

01       borough.  Each municipality would receive $50,000, and each unincorporated                                        
02       community would receive $25,000.  The remaining balance would be shared                                           
03       by each municipality on a per capita basis.  The community dividend could be                                      
04       used for any public purpose by the municipality or community.                                                     
05            The community dividend program would be funded with income from                                              
06       the Alaska permanent fund that is in the earnings reserve account.                                                
07       Appropriations for the community dividend program would be made only after                                        
08       appropriations are made each year to fund the permanent fund dividend                                             
09       program and to provide for inflation-proofing the principal of the Alaska                                         
10       permanent fund.                                                                                                   
11            Shall the legislature appropriate $150,000,000, adjusted for inflation,                                      
12       annually from the income of the Alaska permanent fund that is in the earnings                                     
13       reserve account for the community dividend program?                                                               
14                          Yes [  ]  No [  ]