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AK HCR10
Concurrent Resolution
Status
5/15/2019
Primary Sponsor
Rules
Click for details
AI Summary
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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.
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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.
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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.
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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.
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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