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HB 2001: "An Act making a special appropriation from the earnings reserve account for the payment of permanent fund dividends; and providing for an effective date."

00 HOUSE BILL NO. 2001 01 "An Act making a special appropriation from the earnings reserve account for the 02 payment of permanent fund dividends; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. ALASKA PERMANENT FUND. The amount necessary, estimated to be 05 $1,028,509,500, for payment of a permanent fund dividend of $1,600 and for administrative 06 and associated costs is appropriated from the earnings reserve account (AS 37.13.145) to the 07 dividend fund (AS 43.23.045(a)) for the fiscal year ending June 30, 2020. 08 * Sec. 2. LAPSE. The appropriation made in sec. 1 of this Act is for the capitalization of a 09 fund and does not lapse. 10 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).