AK HB2003

Appropriates $172,200,000 from the budget reserve fund to the dividend fund for permanent fund dividend payments and administrative costs for fiscal year ending June 30, 2020

Appropriates $901,470,000 from the general fund to the dividend fund for permanent fund dividend payments and administrative costs for fiscal year ending June 30, 2020

Total appropriation of $1,073,670,000 for permanent fund dividends and associated administrative costs

Specifies that appropriations do not lapse as they are for fund capitalization

Act is retroactive to July 1, 2019 and takes effect immediately