AK HB160

Replaces the 5 percent fixed calculation with the average real rate of return of the fund for the first 20 of the preceding 21 fiscal years to determine the amount available for appropriation from the Alaska Permanent Fund.

Defines "real rate of return" as the difference between the fund's rate of return for the fiscal year minus the rate of inflation calculated using the monthly United States Consumer Price Index for urban consumers.

Changes the lookback period from 6 fiscal years to 21 fiscal years for calculating the average rate of return used in appropriation calculations.

Clarifies that unexpended balances from the corporation's annual operating budget are treated as part of the balance of the fund rather than as market value.

Takes effect July 1, 2023.