Proposing constitutional amendments to the Alaska Permanent Fund, including changes to investment eligibility and appropriations.

This bill proposes amendments to the Constitution of the State of Alaska concerning the Alaska Permanent Fund. It specifies that at least 25% of mineral lease rentals, royalties, and federal mineral revenue sharing payments must be placed in the fund. The fund can only be used for income-producing investments unless otherwise provided by law. The bill also allows the legislature to appropriate up to 5% of the average fiscal year-end market value of the permanent fund for the preceding six fiscal years, including the most recent year, to the general fund.

Proposing constitutional amendments to the Alaska Permanent Fund, including changes to investment eligibility and appropriations.

This bill proposes amendments to the Constitution of the State of Alaska concerning the Alaska Permanent Fund. It specifies that at least 25% of mineral lease rentals, royalties, and federal mineral revenue sharing payments must be placed in the fund. The fund can only be used for income-producing investments unless otherwise provided by law. The bill also allows the legislature to appropriate up to 5% of the average fiscal year-end market value of the permanent fund for the preceding six fiscal years, including the most recent year, to the general fund.