summary
Introduced
03/05/2026
03/05/2026
In Committee
04/01/2026
04/01/2026
Crossed Over
Passed
Dead
Introduced Session
34th Legislature
Bill Summary
An Act relating to the computation of the amount available for appropriation from the Alaska permanent fund; and providing for an effective date.
AI Summary
This bill modifies how the amount available for appropriation from the Alaska Permanent Fund is calculated, aiming to establish a fixed percentage for future withdrawals. Specifically, it repeals and reenacts a section of law to change the calculation method from a varying percentage that decreases over time to a permanent 4.5% of the fund's average market value over a specific period, with this change taking effect on July 1, 2032. The bill also clarifies that the "average market value of the fund" includes the earnings reserve account but excludes funds from a specific legal settlement. The overall legislation is set to take effect on July 1, 2028, with the exception of the specific calculation change.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Finance (Senate)
Last Action
REFERRED TO RULES (on 04/01/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.akleg.gov/basis/Bill/Detail/34?Root=SB274 |
| BillText | https://www.akleg.gov/PDF/34/Bills/SB0274A.PDF |
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