31-LS0287\S
CS FOR HOUSE BILL NO. 31(FIN)
IN THE LEGISLATURE OF THE STATE OF ALASKA
THIRTY-FIRST LEGISLATURE - FIRST SESSION
BY THE HOUSE FINANCE COMMITTEE
Offered: 5/7/19
Referred: Rules
Funding Information: General Fund $ -0-
Other Funds 8,000,000,000
Total $ 8,000,000,000
Sponsor(s): REPRESENTATIVES KREISS-TOMKINS, Ortiz, Spohnholz
A BILL
FOR AN ACT ENTITLED
1 "An Act making a special appropriation to the Alaska permanent fund; and providing
2 for an effective date."
3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
4 * Section 1. The sum of $8,000,000,000 is appropriated from the earnings reserve account
5 (AS 37.13.145) to the principal of the Alaska permanent fund (art. IX, sec. 15, Constitution of
6 the State of Alaska).
7 * Sec. 2. LAPSE. The appropriation made by sec. 1 of this Act is for the capitalization of a
8 fund and does not lapse.
9 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).
HB0031b -1- CSHB 31(FIN)
New Text Underlined [DELETED TEXT BRACKETED]