AK SB5001

Alaska Permanent Fund Corporation shall manage and invest the budget reserve fund using the same methods as the Alaska permanent fund.

Changes permanent fund deposit requirements to include 50 percent of mineral lease revenues and bonuses issued after December 1, 1979, and February 15, 1980, respectively.

Modifies dividend calculation to equal 5.25 percent of the average market value of the fund over the preceding five fiscal years, with 20 percent of available distributions reserved for dividends and remainder offset by oil and gas revenues (capped at $1.2 billion).

Sets permanent fund dividend payments at $1,000 for fiscal years 2017, 2018, and 2019, and allows legislature to appropriate excess earnings reserve account funds to the general fund and principal.

Makes the Alaska Permanent Fund Corporation subject to state procurement regulations and requires five percent preference for Alaskan businesses on contracts.