AK HB202

Removes the 21 percent distribution formula for Permanent Fund income and eliminates the previous calculation methodology based on five-year average net income.

Changes inflation transfer provisions from automatic corporation transfers to discretionary legislative appropriations from the earnings reserve account to fund principal.

Adds new authority for the legislature to annually appropriate up to 30 percent of all mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue sharing payments, and bonuses to the dividend fund.

Modifies dividend disclosure requirements to show amounts attributable to legislative appropriations rather than earned income from constitutional deposits.

Repeals previous statutory provisions governing earnings reserve account distributions and takes effect July 1, 2021.