AK HB231

Removes the requirement for an appropriation under AS 37.13.145(e) related to Alaska Permanent Fund earnings distribution.

Excludes income earned on money from the State v. Amerada Hess settlement from being available for dividend fund distribution or principal transfers, instead requiring annual deposit into the Alaska capital income fund.

Eliminates the inclusion of unexpended balances from the corporation's annual operating budget as part of the market value of the fund.

Excludes net income from the mental health trust fund from computations of net income available for distribution or appropriation.

Repeals AS 37.13.140(b), 37.13.145(e), and 37.13.145(f), effective July 1, 2022.