2019-02-20                     House Journal                      Page 0165
are not going to deny them their ownership share of Alaska's mineral                                                            
wealth. I urge your prompt and favorable action on this measure.                                                                
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Michael J. Dunleavy                                                                                                             
Governor"                                                                                                                       
                                                                                                                                
HB 47                                                                                                                         
HOUSE BILL NO. 47 by the House Rules Committee by request of                                                                    
the Governor, entitled:                                                                                                         
                                                                                                                                
     "An Act directing the Department of Revenue to pay dividends to                                                            
    certain eligible individuals; and providing for an effective date."                                                        
                                                                                                                                
was read the first time and referred to the State Affairs, Judiciary, and                                                       
Finance Committees.                                                                                                             
                                                                                                                                
The following fiscal note(s) apply:                                                                                             
                                                                                                                                
1.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
The Governor's transmittal letter dated January 15 follows:                                                                     
                                                                                                                                
"Dear Chief Clerk,                                                                                                              
                                                                                                                                
Under the authority of Article III, Section 18, of the Alaska                                                                   
Constitution, I am transmitting a bill that directs the payment of the                                                          
unpaid amounts of the 2016, 2017, and 2018 Permanent Fund                                                                       
dividend. The payment of the unpaid amounts would be distributed to                                                             
eligible individuals over the next three years. I believe that this action                                                      
will correct an error that resulted in a decreased dividend.                                                                    
                                                                                                                                
The Permanent Fund Dividend Program was established in 1980, to                                                                 
allow all Alaskans to benefit directly from Alaska's mineral and                                                                
investment wealth. For years, the Alaska State Legislature, through a                                                           
carefully balanced statutory formula, has assured a dividend payment                                                            
that keeps the Permanent Fund on healthy financial footing, while at                                                            
the same time, benefitting the mineral owners, Alaskans themselves.