AK HB90

Removes the 21 percent calculation method for determining income available for distribution from the Alaska Permanent Fund and replaces it with 5 percent of average market value for the preceding six fiscal years.

Changes permanent fund dividend distribution from an automatic corporation transfer to a discretionary legislative appropriation, capping dividends at up to $1,000 per eligible individual.

Modifies appropriations from the earnings reserve account, allowing the legislature to appropriate funds for dividend payments and general fund transfers rather than requiring automatic transfers by the corporation.

Allows the legislature to appropriate funds to offset inflation on the fund's principal, replacing the prior automatic transfer requirement.

Repeals AS 37.13.145(e) and takes effect immediately upon passage.