AK SB84

Establishes legislative intent that permanent fund earnings be appropriated under an "equal draw principle" where non-dividend appropriations cannot exceed dividend appropriations in any given year.

Requires reduction of available permanent fund distributions if oil and gas production taxes, mineral revenues, and federal mineral revenue sharing payments exceed $1 billion in the fiscal year.

Changes permanent fund earnings distribution to 50 percent to the dividend fund and the remainder to the general fund, effective July 1, 2017.

Repeals the reduction mechanism established in this bill effective July 1, 2021, eliminating the $1 billion threshold calculation after that date.