2021-10-04                     House Journal                      Page 1532
HB 4001                                                                                                                       
HOUSE BILL NO. 4001 by the House Rules Committee by request of                                                                  
the Governor, entitled:                                                                                                         
                                                                                                                                
     "An Act making appropriations for the operating expenses of state                                                          
     government and for certain programs; capitalizing funds; making                                                            
     supplemental appropriations; and providing for an effective date."                                                         
                                                                                                                                
was read the first time and referred to the House Special Committee on                                                          
Ways & Means and the Finance Committee.                                                                                         
                                                                                                                                
The Governor's transmittal letter dated October 1 follows:                                                                      
                                                                                                                                
"Dear Speaker Stutes:                                                                                                           
                                                                                                                                
Under the authority of Article III, Section 18 of the Alaska                                                                    
Constitution, I am transmitting a bill making appropriations for a                                                              
supplemental 2021 Permanent Fund Dividend for eligible Alaskans.                                                                
                                                                                                                                
This bill includes a $795.6 million appropriation from the Permanent                                                            
Fund Earnings Reserve Account to complete the payment of the 2021                                                               
Permanent Fund Dividend. This would make the dividend payment                                                                   
equal to 50 percent of the FY22 percent of market value draw from the                                                           
Permanent Fund; providing a total dividend payment of approximately                                                             
$2,350 per eligible Alaskan. The Alaska Permanent Fund Corporation                                                              
closed its fiscal year on June 30 at an all-time high of $81.1 billion                                                          
following a 29.7 percent annual return; a record strong performance.                                                            
The earnings reserve account alone totaled $21 billion at year end.                                                             
                                                                                                                                
I look forward to working with you on the timely enactment of the                                                               
completion of the 2021 Permanent Fund Dividend appropriation.                                                                   
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Mike Dunleavy                                                                                                                   
Governor"