Alaska HB114 amends the Alaska Permanent Fund, modifying dividend calculations and appropriations.

Alaska HB114 makes changes to the Alaska Permanent Fund, focusing on dividend calculations and appropriations. It modifies the formula for determining the amount available for dividend payments, ensuring that the option to contribute to the state general fund or the principal of the permanent fund is clearly separated in the application. The bill also adjusts the appropriations process for the fund, allowing the legislature to appropriate a portion of mineral lease rentals, royalties, and other related income to the dividend fund.

Alaska HB114 amends the Alaska Permanent Fund, modifying dividend calculations and appropriations.

Alaska HB114 makes changes to the Alaska Permanent Fund, focusing on dividend calculations and appropriations. It modifies the formula for determining the amount available for dividend payments, ensuring that the option to contribute to the state general fund or the principal of the permanent fund is clearly separated in the application. The bill also adjusts the appropriations process for the fund, allowing the legislature to appropriate a portion of mineral lease rentals, royalties, and other related income to the dividend fund.