Alaska 31st Legislature (2019-2020) Status: In Committee

SJR 2 — Proposing amendments to the Constitution of the State of Alaska relating to the Alaska permanent fund.

Last action — (S) Referred to STATE AFFAIRS

  1. ✓
    Introduced
  2. 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 “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 · 4 removed

Plain-language change summary

The proposed changes to SJR 2 adjust how the Alaska Permanent Fund operates by changing the percentage of income available for distribution and altering how that income is allocated. Specifically, it increases the distribution rate from 4% to 5%, while reallocating 40% for resident dividends and 40% for the general fund, with up to 20% going towards inflation adjustments. This matters because it could provide more funds to Alaskan residents and the state government, impacting fiscal stability and residents' dividends positively.

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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 SJR 2 Detail FullText txt SJR 2:
SPONSOR SUBSTITUTE FOR SENATE JOINT RESOLUTION NO.
SENATE JOINT RESOLUTION NO.
02 Income available for distribution under this section equals four percent of the fiscal- 03 year-end market value of the permanent fund, but may not exceed the net income of 04 the fund for the fiscal year just ended.
02 Income available for distribution under this section equals five percent of the market 03 value of the permanent fund, but may not exceed the net income of the fund for the 04 fiscal year just ended.
Fifty percent of the income available for 05 distribution shall be transferred from the income of the fund for use in a program of 06 dividend payments to State residents as provided by law.
Forty percent of the income available for distribution shall be 05 transferred from the income of the fund for use in a program of dividend payments to 06 State residents as provided by law.
Fifty percent of the income 07 available for distribution shall be deposited in the general fund.
An additional forty percent of the income available 07 for distribution shall be deposited in the general fund.
The transfer from the 08 income of the fund for dividend payments and to the general fund shall be made 09 without legislative appropriation.
Finally, up to twenty percent of 08 the income available for distribution may be transferred to the principal of the fund to 09 offset the effect of inflation.
10 * Sec.
The transfer from the income of the fund for dividend 10 payments and to the general fund shall be made without legislative appropriation.
11 * Sec.
The amendments proposed by this resolution shall be placed before the voters of 11 the state at the next general election in conformity with art.
The amendments proposed by this resolution shall be placed before the voters of 12 the state at the next general election in conformity with art.
1, Constitution of the 12 State of Alaska, and the election laws of the state.
1, Constitution of the 13 State of Alaska, and the election laws of the state.
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Action History

  1. (S) Referred to STATE AFFAIRS

  2. (S) STA, JUD, FIN

  3. (S) SPONSOR SUBSTITUTE INTRODUCED-REFERRALS

  4. (S) STA, JUD, FIN

  5. (S) Read the first time - REFERRALS

  6. (S) Prefile released 1/7/19

Sponsors

  • BEGICH · Primary

Sponsorship breakdown

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

Sponsors (1)

  • BEGICH

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

Subjects

finance
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Frequently asked questions

Who sponsors SJR 2?
SJR 2 is sponsored by BEGICH.
What is the current status of SJR 2?
This bill died with 31st Legislature (2019-2020). It reached “In Committee” 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 SJR 2?
Track SJR 2 free on One Click Politics — get push/email alerts when it moves.

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