Alaska State Legislature
00 SENATE BILL NO. 23 01 "An Act making special appropriations 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 CORPORATION (a) The amount necessary 05 for payment of $1,061 to eligible individuals who received a 2016 permanent fund dividend 06 and who are eligible to receive a 2019 permanent fund dividend, is appropriated from the 07 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the fiscal 08 year ending June 30, 2020. 09 (b) The amount necessary for payment of $1,289 to eligible individuals who received 10 a 2017 permanent fund dividend and who are eligible to receive a 2020 permanent fund 11 dividend, is appropriated from the earnings reserve account (AS 37.13.145) to the dividend 12 fund (AS 43.23.045(a)) for the fiscal year ending June 30, 2021. 13 (c) The amount necessary for payment of $1,328 to eligible individuals who received 14 a 2018 permanent fund dividend and who are eligible to receive a 2021 permanent fund
01 dividend, is appropriated from the earnings reserve account (AS 37.13.145) to the dividend 02 fund (AS 43.23.045(a)) for the fiscal year ending June 30, 2022. 03 (d) The amount authorized under AS 37.13.145(b) for transfer by the Alaska 04 Permanent Fund Corporation in the fiscal year ending June 30, 2020, is appropriated from the 05 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the 06 payment of permanent fund dividends for the fiscal year ending June 30, 2020. 07 (e) The amount authorized under AS 37.13.145(b) for transfer by the Alaska 08 Permanent Fund Corporation in the fiscal year ending June 30, 2021, is appropriated from the 09 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the 10 payment of permanent fund dividends for the fiscal year ending June 30, 2021. 11 (f) The amount authorized under AS 37.13.145(b) for transfer by the Alaska 12 Permanent Fund Corporation in the fiscal year ending June 30, 2022, is appropriated from the 13 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the 14 payment of permanent fund dividends for the fiscal year ending June 30, 2022. 15 (g) The amount authorized under AS 37.13.145(b) for transfer by the Alaska 16 Permanent Fund Corporation in the fiscal year ending June 30, 2023, is appropriated from the 17 earnings reserve account (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the 18 payment of permanent fund dividends for the fiscal year ending June 30, 2023. 19 * Sec. 2. CONTINGENCY. The appropriations made in sec. 1(a) - (c) of this Act are 20 contingent on passage by the Thirty-First Alaska State Legislature and enactment into law of 21 a bill directing the commissioner of revenue to include certain payments for the 2016, 2017, 22 and 2018 permanent fund dividends to be made to eligible individuals with 2019, 2020, and 23 2021 permanent fund dividend payments. 24 * Sec. 3. Section 1(b) and (e) of this Act take effect July 1, 2020. 25 * Sec. 4. Section 1(c) and (f) of this Act take effect July 1, 2021. 26 * Sec. 5. Section 1(g) of this Act takes effect July 1, 2022. 27 * Sec. 6. Except as provided in secs. 3 - 5 of this Act, this Act takes effect immediately 28 under AS 01.10.070(c).
