00                      CS FOR HOUSE BILL NO. 144(STA)                                                                    
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       LEGISLATIVE INTENT.  It is the intent of the legislature that regulations adopted to                              
07 implement AS 29.60.140(b) also be applied to the community dividend program.                                            
08    * Sec. 2.  The uncodified law of the State of Alaska is amended by adding a new section to                         
09 read:                                                                                                                   
10       ADVISORY VOTE.  At the next general election, in compliance with the election                                     
11 laws of the state, the lieutenant governor shall place before the qualified voters of the state a                       
12 question advisory to the legislature and the governor.  Notwithstanding AS 15.60.005 relating                           
13 to preparation of the ballot proposition, the question shall appear on the ballot in the following                      
14 form:                                                                                                                   

01                            Q U E S T I O N                                                                              
02            The community dividend program, if it is established, would annually                                         
03       use up to $150,000,000 to pay a community dividend to each municipality and                                       
04       to each unincorporated community in the unorganized borough where 25 or                                           
05       more people reside as a social unit.  Each municipality would receive $50,000,                                    
06       and each unincorporated community would receive $25,000.  The remaining                                           
07       balance would be shared by each municipality on a per capita basis.  The                                          
08       community dividend may be used for local tax relief or for any other public                                       
09       purpose by the municipality or community.                                                                         
10            The community dividend program would be funded with income from                                              
11       the Alaska permanent fund that is in the earnings reserve account.                                                
12       Appropriations for the community dividend program would be made only after                                        
13       appropriations are made each year to fund the permanent fund dividend                                             
14       program and to provide for inflation-proofing the principal of the Alaska                                         
15       permanent fund.                                                                                                   
16            Shall the legislature appropriate up to $150,000,000 annually from the                                       
17       income of the Alaska permanent fund that is in the earnings reserve account for                                   
18       the community dividend program?                                                                                   
19                          Yes [  ]  No [  ]