State of Alaska
Fiscal Note
Bill Version: CSHB 132(STA)
2019 Legislative Session
Fiscal Note Number: 1
(H) Publish Date: 5/15/2019
Identifier: HB132-DOR-APFC-05-14-19 Department: Department of Revenue
Title: PERM. FUND:DEPOSITS;DIVIDEND;EARNINGS Appropriation: Alaska Permanent Fund Corporation
Sponsor: WOOL Allocation: APFC Operations
Requester: (H) State Affairs OMB Component Number: 109
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2020 Governor's
Appropriation FY2020 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2020 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Personal Services
Travel
Services
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fund Source (Operating Only)
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Positions
Full-time
Part-time
Temporary
Change in Revenues
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2019) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2020) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? 0
(Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? no
If yes, by what date are the regulations to be adopted, amended or repealed?
Why this fiscal note differs from previous version/comments:
Not applicable, initial version based on the 2-13-19 Governor's FY2020 request.
Prepared By: Paulyn Swanson, Communications Manager Phone: (907)796-1520
Division: Alaska Permanent Fund Corporation Date: 05/14/2019 01:00 PM
Approved By: Brad Ewing, Administrative Services Director Date: 05/14/19
Agency: Office of Management and Budget
Printed 5/15/2019 Page 1 of 2 Control Code: GgXWY
 CSHB 132(STA) - Fiscal Note 1
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 132
2019 LEGISLATIVE SESSION
Analysis
HB 132 does not have a fiscal impact on the operations of the Alaska Permanent Fund Corporation.
HB 132:
Removes AS 37.13.140(a), the formula for calculating the amount available for distribution, and leaves the net income
language for accounting purposes.
Removes statutory language directing 50% of royalties for the 'newer' leases issued after 1979 to the principal of the
Permanent Fund.
Directs POMV draws to the general fund.
Removes ring fence around Amerada Hess fund and removes the direction of income earned to the Alaska Capital
Income Fund.
Clarifies the Legislature's role in appropriating inflation proofing to the Principal.
Ties dividend directly to the states mineral (oil) revenue. The dividend distribution would correspond to the price and
production of oil.
(Revised 9/05/18 OMB/LFD) Page 2 of 2
HB132-DOR-APFC-05-14-19 Page 2 of 2 Control Code: GgXWY


Statutes affected:
HB0132A, AM HB 132, introduced 04/15/2019: 37.05.565, 37.13.145, 37.10.071, 37.13.010, 38.05.180, 37.13.140, 37.13.150, 37.13.300, 43.23.025, 43.23.023, 43.23.045, 43.23.005, 43.23.021, 43.23.055, 43.23.240
HB0132B, AM CSHB 132(STA), introduced 05/15/2019: 37.05.565, 37.13.145, 37.10.071, 37.13.010, 38.05.180, 37.13.140, 37.13.150, 37.13.300, 43.23.025, 43.23.023, 43.23.045, 43.23.005, 43.23.021, 43.23.055, 43.23.240