AK SB2001

Appropriates $1,000,000,000 from the Alaska Permanent Fund's earnings reserve account to the general fund for fiscal year ending June 30, 2020.

Appropriates $1,000,000,000 from the general fund to the dividend fund for payment of permanent fund dividends and administrative costs for fiscal year ending June 30, 2020.

Specifies that the dividend fund appropriation does not lapse as it is for fund capitalization.

Takes effect immediately upon enactment.