Alaska 31st Legislature (2019-2020) Status: Passed Senate

SB 1002 — An Act making a special appropriation for the payment of permanent fund dividends; and providing for an effective date.

Last action — (S) PERMANENTLY FILED IN THE (S)

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

This bill died with 31st Legislature (2019-2020). It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

4 added · 3 removed

Plain-language change summary

The revised version of Bill SB 1002 now states that $1,600 will be paid as a permanent fund dividend, with the total funding required being approximately $1,070,500,000 sourced from the general fund, budget reserve fund, and higher education investment fund. Previously, the bill proposed a larger sum of around $1.94 billion from the earnings reserve account, which indicates a significant reduction in the amount allocated for dividends. This change matters because it reflects a more conservative approach to budgeting, affecting the amount residents will receive from the permanent fund dividends.

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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 2019 Session Laws & Resolves 2020 - 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 SB 1002 Detail FullText txt SB 1002:
"An Act making a special appropriation for the payment of permanent fund dividends;
"An Act making special appropriations for the payment of permanent fund dividends;
1002 am(fld S) 01 "An Act making a special appropriation for the payment of permanent fund dividends;
1002 01 "An Act making special appropriations for the payment of permanent fund dividends;
The amount authorized under 05 AS 37.13.145(b) for transfer by the Alaska Permanent Fund Corporation on June 30, 2019, 06 estimated to be $1,944,000,000, is appropriated from the earnings reserve account 07 (AS 37.13.145) to the dividend fund (AS 43.23.045(a)) for the payment of permanent fund 08 dividends and for administrative and associated costs for the fiscal year ending June 30, 2020.
The amount necessary for payment of a 05 permanent fund dividend of $1,600 and for administrative and associated costs, estimated to 06 be $1,070,500,000, is appropriated to the dividend fund (AS 43.23.045(a)) for the fiscal year 07 ending June 30, 2020, from the following sources:
09 * Sec.
08 (1) $770,000,000 from the general fund;
09 (2) $172,400,000 from the budget reserve fund (AS 37.05.540(a));
and 10 (3) the amount necessary, after the appropriations made in (1) and (2) of this 11 section, estimated to be $128,100,000, not to exceed $148,100,000, from the Alaska higher 12 education investment fund (AS 37.14.750).
13 * Sec.
1 of this Act is for the capitalization of a 10 fund and does not lapse.
1 of this Act is for the capitalization of a 14 fund and does not lapse.
11 * Sec.
* Sec.
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Action History

  1. (S) PERMANENTLY FILED IN THE (S)

  2. (S) ENGROSSED

  3. (S) RESCIND ACTION IN FAILING SB 1002 AM FAILED Y10 N10

  4. (S) MOTION TO TABLE (RESCIND MOTION) FAILED Y7 N8 E2 A3

  5. (S) MOTION TO RESCIND ACTION

  6. (S) FAILED PASSAGE Y10 N8 E2

  7. (S) Read the third time SB 1002 AM

  8. (S) ADVANCED TO THIRD READING UC

  9. (S) AM NO 2 FAILED Y4 N14 E2

  10. (S) ...CHANGES TITLE OF LEGISLATION

  11. (S) AM NO 1 ADOPTED Y10 N8 E2

  12. (S) Read the second time

  13. (S) RULES TO CALENDAR 6/4/2019

  14. (S) Minutes (SRLS)

  15. (S) Moved SB1002 Out of Committee

  16. (S) RULES at 12:00 PM BUTROVICH 205

  17. (S) AM: COSTELLO

  18. (S) DP: COGHILL, VON IMHOF, GIESSEL

  19. (S) RLS RPT 3DP 1AM

  20. (S) RLS

  21. (S) MOTION TO WAIVE UR 24(D) AND REFER TO RLS UC

  22. (S) Read the first time - REFERRALS

Sponsors

  • SENATE FINANCE · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 64 not signed on

Sponsors (1)

  • SENATE FINANCE

Co-sponsors (0)

None.

Not signed on (64)

64 members have not signed on to this bill.

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"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.

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Frequently asked questions

Who sponsors SB 1002?
SB 1002 is sponsored by SENATE FINANCE.
What is the current status of SB 1002?
This bill died with 31st Legislature (2019-2020). It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1002?
Track SB 1002 free on One Click Politics — get push/email alerts when it moves.

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