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AK HCR10

Concurrent Resolution

Status

Introduced

5/15/2019

Primary Sponsor

Rules

Click for details

Origin

House of Representatives

31st Legislature

AI Summary

  • Establishes a bicameral legislative working group with four members from the House of Representatives and four members from the Senate, appointed by each house's presiding officer and including minority caucus representation.

  • Working group will review the use of earnings from the Alaska permanent fund and provide policy recommendations to the legislature during a 2019 special session.

  • Addresses unresolved issues including the annual draw on permanent fund earnings, transfers from the earnings reserve account to the constitutionally protected principal, and whether earnings should be contained in a separate fund.

  • Calls the Alaska State Legislature into a special session at a time and date to be determined for deliberating issues surrounding the use of Alaska permanent fund earnings.

  • Affirms legislative support for sustainable permanent fund dividends in perpetuity and the Alaska Permanent Fund Corporation's fiduciary responsibility to grow the fund.

Legislative Description

Special Session: Perm. Fund

Permanent Fund

Last Action

RETURNED TO RLS COMMITTEE

1/21/2020

Full Bill Text

No bill text available