Proposing constitutional amendments to the Alaska Permanent Fund, appropriations, and dividend payments.

This bill proposes amendments to the Alaska Constitution regarding the Alaska Permanent Fund, appropriations from the fund, and dividend payments to residents. It sets the percentage of the average market value of the fund that may be appropriated to the general fund and specifies the law governing dividend payments. The amendments require voter approval and establish a process for the lieutenant governor to prepare a ballot title and proposition. The bill also mandates that a portion of the appropriated amount be allocated to the budget reserve fund each fiscal year.

Proposing constitutional amendments to the Alaska Permanent Fund, appropriations, and dividend payments.

This bill proposes amendments to the Alaska Constitution regarding the Alaska Permanent Fund, appropriations from the fund, and dividend payments to residents. It sets the percentage of the average market value of the fund that may be appropriated to the general fund and specifies the law governing dividend payments. The amendments require voter approval and establish a process for the lieutenant governor to prepare a ballot title and proposition. The bill also mandates that a portion of the appropriated amount be allocated to the budget reserve fund each fiscal year.