Alaska 30th Legislature (2017-2018) Status: Enacted

SB 26 — An Act relating to the earnings of the Alaska permanent fund and the earnings reserve account; relating to the mental health trust fund; and providing for an effective date.

Last action — EFFECTIVE DATE(S) OF LAW SEE CHAPTER

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 18, 2017. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

4 added · 4 removed

Plain-language change summary

The updated version of SB 26 specifies that the amount available for appropriation from the Alaska Permanent Fund will be determined as 5.25 percent of the average market value over the past five years, but now highlights that income from a particular legal settlement will not be included in this calculation. This change is important as it clarifies how funds are accessed for public use and ensures that certain principal amounts linked to the Amerada Hess case remain protected against inflation adjustments. By establishing clear guidelines for fund calculations, it potentially stabilizes both the Fund’s value and beneficiary payouts.

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Alaska State Legislature The Alaska State Legislature menu Home Senate Current Members Past Members By Session Alphabetical House Current Members Past Members By Session Alphabetical Bills & Laws Bills All Introduced Actions by Date Awaiting Actions Bills sent to Conf Committee Bills in Committee Governor's Vetoes Passed Legislation Prefile Bill Summary Requestor Summary Statistics Sponsor Summary Subject Summary Laws Constitution Constitutional Convention Files Statutes Executive Orders - Current Executive Orders - Historical Administrative Code Journals Session Laws & Resolves Session Laws & Resolves 2017 Session Laws & Resolves 2018 - Previous Year Session Law - Previous Year Legislative Resolves Tools Statute Information Retrieval System Bill Tracking Management Facility Past Legislatures (Archives) Committees Hearing Schedule Standing Committees Finance Committees Special Committees Joint Committees Conference Committees Other Committees Minutes Publications Get Started Information Offices Legislative Affairs Legislative Agencies Links Legislative Branch Executive Branch Judicial Branch Alaska Delegation Home Bill & Laws Bills Enrolled SB 26 Detail FullText txt Enrolled SB 26:
"An Act relating to the earnings of the Alaska permanent fund and the earnings reserve account;
Relating to the earnings of the Alaska permanent fund and the earnings reserve account;
and providing for an effective date." CONFERENCE CS FOR SENATE BILL NO.
and providing for an effective date.
26 01 "An Act relating to the earnings of the Alaska permanent fund and the earnings reserve 02 account;
00Enrolled SB 26 01 Relating to the earnings of the Alaska permanent fund and the earnings reserve account;
relating to the mental health trust fund;
02 relating to the mental health trust fund;
and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
and providing for an effective date.
04 * Section 1.
03 _______________ 04 * Section 1.
In this subsection, "the average market value 10 of the fund" includes the balance of the earnings reserve account established under 11 AS 37.13.145, but does not include that portion of the principal attributed to the 12 settlement of State v.
In this subsection, "average market value of 10 the fund" includes the balance of the earnings reserve account established under 11 AS 37.13.145, but does not include that portion of the principal attributed to the 12 settlement of State v.
In this subsection, "the average market value 06 of the fund" includes the balance of the earnings reserve account established under 07 AS 37.13.145, but does not include that portion of the principal attributed to the 08 settlement of State v.
In this subsection, "average market value of 06 the fund" includes the balance of the earnings reserve account established under 07 AS 37.13.145, but does not include that portion of the principal attributed to the 08 settlement of State v.
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Action History

  1. EFFECTIVE DATE(S) OF LAW SEE CHAPTER

  2. Signed into law 6/13 CHAPTER 16 SLA 18

  3. MANIFEST ERROR(S)

  4. 4:12 PM 6/6/18 Transmitted to Governor

  5. EFFECTIVE DATE(S) ADOPTED Y29 N11

  6. CC RPT ADPTD Y23 N17 CCS SB 26

  7. FN15: INDETERMINATE(CC:SB26/VARIOUS DEPTS)

  8. TITLE CHANGE: SCR 29

  9. CC REPORT: CCS SB 26 RECEIVED 5/8/18 9:53 A.M.

  10. CC REPORT READ AND TAKEN UP

  11. EFFECTIVE DATE(S) ADOPTED Y16 N3 E1

  12. CC RPT ADPTD Y13 N6 E1 CCS SB 26

  13. CONFERENCE COMMITTEE REPORT READ

  14. FN15: INDETERMINATE(CCS/VARIOUS DEPTS)

  15. TITLE CHANGE: SCR 29

  16. CC REPORT: CCS SB 26 RECEIVED 5/8/18 9:51 A.M.

  17. APPOINTED MICCICHE, ALTERNATE

  18. LIMITED POWERS FREE CONFERENCE GRANTED

  19. LIMITED POWERS FREE CONFERENCE GRANTED

  20. APPOINTED MILLETT, ALTERNATE

  21. LIMITED POWERS FREE CONFERENCE GRANTED

  22. LIMITED POWERS FREE CONFERENCE GRANTED

  23. FIRST SPECIAL SESSION BILL

  24. FIRST SPECIAL SESSION BILL

  25. MACKINNON (CHAIR), HOFFMAN, EGAN

  26. CONFERENCE COMMITTEE APPOINTED

  27. FOSTER (CHAIR), SEATON, THOMPSON

  28. CONFERENCE COMMITTEE APPOINTED

  29. APPOINT CONFERENCE COMTE MOTION WITHDRAWN

  30. FAILED RECEDE (H) AM Y17 N22 E1

  31. RECEDE MESSAGE TAKEN UP UC

  32. RECEDE MESSAGE READ AND HELD

  33. FAILED CONCUR (H) AM Y4 N16

  34. CONCUR MESSAGE TAKEN UP

  35. CONCUR MESSAGE READ

  36. VERSION: HCS CSSB 26(FIN)(EFD FLD H)

  37. TRANSMITTED TO (S) AS AMENDED

  38. ...CHANGES TITLE OF LEGISLATION

  39. EFFECTIVE DATE(S) FAILED Y22 N18

  40. PASSED Y22 N18

  41. BEFORE HOUSE IN THIRD READING

  42. Read the third time HCS CSSB 26(FIN)

  43. ADVANCED TO THIRD READING UC

  44. FIN HCS ADOPTED UC

  45. Read the second time

  46. RULES TO CALENDAR 4/12/2017

  47. FN14: (REV/VARIOUS DEPTS)

  48. FN13: (REV/FUND TRANSFERS)

  49. Fiscal Note 12: (Revenue)

  50. Fiscal Note 11: (Revenue)

  51. Fiscal Note 10: (Corrections)

  52. Fiscal Note 4: No fiscal impact (Revenue)

  53. FIN No Recommendation: ORTIZ

  54. FIN Do Not Pass: THOMPSON, TILTON, WILSON, PRUITT

  55. FIN Do Pass: GARA, KAWASAKI, GUTTENBERG, GRENN, SEATON, FOSTER

  56. FIN RPT HCS(FIN) 6DP 4DNP 1NR

  57. Referred to Finance

  58. Read the first time - REFERRALS

  59. VERSION: CSSB 26(FIN)

  60. TRANSMITTED TO (H)

  61. EFFECTIVE DATE(S) ADOPTED Y15 N5

  62. PASSED ON RECONSIDERATION Y12 N8

  63. RECON TAKEN UP SAME DAY Y15 N5

  64. MICCICHE NOTICE OF RECONSIDERATION

  65. EFFECTIVE DATE(S) ADOPTED Y16 N4

  66. PASSED Y13 N7

  67. AUTOMATICALLY IN THIRD READING

  68. AM NO 4 FAILED Y7 N13

  69. AM NO 3 FAILED Y7 N13

  70. AM NO 2 FAILED Y8 N12

  71. AM NO 1 TABLED Y16 N4

  72. RETURN TO SECOND FOR ALL AMENDMENTS UC

  73. Read the third time CSSB 26(FIN)

  74. ADVANCED TO THIRD READING 3/15 CALENDAR

  75. FIN CS ADOPTED UC

  76. Read the second time

  77. RULES TO CALENDAR 3/13/2017

  78. Fiscal Note 9: (Revenue)

  79. Fiscal Note 8: (Revenue)

  80. Fiscal Note 7: (Corrections)

  81. Fiscal Note 5: No fiscal impact (Administration)

  82. Fiscal Note 4: No fiscal impact (Revenue)

  83. Fiscal Note 1: No fiscal impact (Administration)

  84. FIN Do Not Pass: DUNLEAVY, OLSON

  85. FIN Do Pass: HOFFMAN, MACKINNON, BISHOP, VON IMHOF, MICCICHE

  86. FIN RPT CS 5DP 2DNP NEW TITLE

  87. Fiscal Note 6: (Revenue)

  88. Fiscal Note 5: No fiscal impact (Administration)

  89. Fiscal Note 4: No fiscal impact (Revenue)

  90. Fiscal Note 3: (Revenue)

  91. Fiscal Note 2: (Corrections)

  92. Fiscal Note 1: No fiscal impact (Administration)

  93. STA Amend: GIESSEL

  94. STA No Recommendation: EGAN, COGHILL

  95. STA Do Not Pass: DUNLEAVY, WILSON

  96. STA RPT 2DNP 2NR 1AM

  97. GOVERNOR'S TRANSMITTAL LETTER

  98. Fiscal Note 6: (Revenue)

  99. Fiscal Note 5: No fiscal impact (Administration)

  100. Fiscal Note 4: No fiscal impact (Revenue)

  101. Fiscal Note 3: (Revenue)

  102. Fiscal Note 2: (Corrections)

  103. Fiscal Note 1: No fiscal impact (Administration)

  104. Referred to State Affairs and Finance

  105. Read the first time - REFERRALS

Sponsors

  • RULES BY REQUEST OF THE GOVERNOR · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 64 not signed on · 2 voted No

Sponsors (1)

  • RULES BY REQUEST OF THE GOVERNOR

Co-sponsors (0)

None.

Not signed on (64)

64 members have not signed on to this bill.

Show all 64 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Shall the effective date clauses be adopted?

Passed 16 Yea · 4 Nay
Party YeaNayPresentNot Voting
Unaffiliated 12200
R 4000
D 1200
Total 17400
% of votes cast 81%19%0%0%
How each member voted (21)
Member Party Vote
Begich — Nay
Bishop — Yea
Coghill — Yea
Dunleavy — Yea
Egan — Yea
Gardner — Nay
Hughes — Yea
Kelly — Yea
MacKinnon — Yea
Meyer — Yea
Micciche — Yea
von — Yea
Wilson — Yea
von Imhof — Yea
Bill Wielechowski D Nay
Donald Olson D Nay
Lyman Hoffman D Yea
Bert Stedman R Yea
Cathy Giessel R Yea
Gary Stevens R Yea
Mia Costello R Yea

Official roll call →

Subjects

taxation finance healthcare
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 26?
SB 26 is sponsored by RULES BY REQUEST OF THE GOVERNOR.
What is the current status of SB 26?
This bill has been enacted into law. Introduced January 18, 2017. Enacted.
Where can I track SB 26?
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