Bill > HJR30

This resolution proposes amendments to the Alaska Constitution to formally establish the Alaska Permanent Fund, which receives at least 25% of state revenue from mineral lease rentals, royalties, and federal mineral revenue sharing. The amendments would allow for a portion of the fund's earnings to be distributed as dividends to eligible state residents without requiring a separate legislative appropriation, with 50% of a calculated withdrawal amount going to dividends and the remainder potentially used for government operations. Additionally, the resolution clarifies that the principal of the fund is to be used for income-producing investments, and all income generated is to be retained and added to the principal, with specific provisions for transitioning existing accounts and applying these changes starting with the fiscal year ending June 30, 2028, and these proposed constitutional changes will be put to a vote of the people.

Budget and Finance

Rules (House)

https://www.akleg.gov/basis/Bill/Detail/34?Root=HJR30