AK HB114

Legislature may appropriate 69% of state mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue sharing payments, and bonuses to the dividend fund each fiscal year

Removes the automatic transfer formula for permanent fund dividends, making dividend amounts subject to annual legislative appropriation instead

Changes inflation-proofing transfers to the permanent fund principal from mandatory to discretionary legislative appropriations

Electronic PFD applications must allow residents to voluntarily contribute $25 or more (in $25 increments) from their dividend to the state general fund or permanent fund principal, with 7% used for administrative costs

Effective date of July 1, 2025