AK HB187

Removes date restrictions on mineral lease revenues deposited to Alaska Permanent Fund, eliminating the distinction between pre- and post-1979/1980 lease sources.

Establishes an "equal draw principle" requiring that permanent fund earnings appropriated for non-dividend purposes may not exceed the amount appropriated for dividend payments.

Changes permanent fund earnings distribution to 50 percent to dividend fund and remainder to general fund, with a reduction mechanism if total oil and gas revenues exceed $1 billion annually.

Allows legislature to appropriate marine highway system receipts and settlement proceeds from Dinkum Sands and North Slope royalty cases that are not deposited to permanent fund or public school trust fund.

Takes effect July 1, 2017, with repeal of certain provisions effective July 1, 2021.