Alaska 32nd Legislature (2021-2022) Status: In Committee

SJR 6 — Proposing amendments to the Constitution of the State of Alaska relating to the Alaska permanent fund, appropriations from the permanent fund, and the permanent fund dividend.

Last action — (H) FOURTH SPECIAL SESSION BILL

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  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 32nd Legislature (2021-2022). 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

55 added · 43 removed

Plain-language change summary

The amendments to Senate Joint Resolution 6 change how income from the state's permanent fund is allocated. Previously, there was a set limit on the percentage that could be appropriated, and a fixed amount was designated for dividend payments and power cost equalization. The new version removes the power cost equalization allocation and requires that any changes to the dividend amount be approved by voters, giving residents a direct say in the process. This matters because it makes the management of the permanent fund more transparent and accountable to the public, potentially impacting the financial benefits received by residents.

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32-GS1694\W CS FOR SENATE JOINT RESOLUTION NO.
32-GS1694\A SENATE JOINT RESOLUTION NO.
6(JUD) IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-SECOND LEGISLATURE - FIRST SESSION BY THE SENATE JUDICIARY COMMITTEE Referred:
6 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-SECOND LEGISLATURE - FIRST SESSION BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR Introduced:
Finance Sponsor(s):
1/22/21 Referred:
SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR A RESOLUTION Proposing amendments to the Constitution of the State of Alaska relating to the Alaska permanent fund, appropriations from the permanent fund, the permanent fund dividend, and power cost equalization.
State Affairs, Judiciary, Finance A RESOLUTION Proposing amendments to the Constitution of the State of Alaska relating to the Alaska permanent fund, appropriations from the permanent fund, and the permanent fund dividend.
Except as provided in (b) - (f) of this section, all [ALL] income from the permanent fund shall be retained [DEPOSITED] in the [GENERAL] fund [UNLESS OTHERWISE PROVIDED BY LAW].
Except as provided in (b), (c) and (d) of this section, all [ALL] income from the permanent fund shall be retained [DEPOSITED] in the [GENERAL] fund [UNLESS OTHERWISE PROVIDED BY LAW].
SJR006B -1- CSSJR 6(JUD) New Text Underlined [DELETED TEXT BRACKETED] 32-GS1694\W (b) Each fiscal year, the legislature shall appropriate from the permanent fund not more than five percent of the average fiscal-year-end market value of the permanent fund for the first five of the preceding six fiscal years, including the fiscal year just ended.
SJR006A -1- SJR 6 New Text Underlined [DELETED TEXT BRACKETED] 32-GS1694\A (b) Each fiscal year, the legislature may appropriate from the permanent fund to the general fund an amount as provided by law setting forth a percentage of the average fiscal-year-end market value of the permanent fund for the first five of the preceding six fiscal years, including the fiscal year just ended.
(c) Notwithstanding Section 13 of this article, each fiscal year, an amount equal to fifty percent of the maximum amount available for appropriation under (b) of this section shall be transferred for dividend payments to residents of the State.
(c) Each fiscal year, a portion of the amount appropriated under (b) of this section shall be allocated for dividend payments to residents of the State as provided by law.
Notwithstanding Section 15 of Article II, the governor may not veto or reduce a transfer made under this section.
A law that changes the amount allocated for dividend payments must be approved by the voters of the State under (d) of this section.
(d) Each fiscal year, the legislature shall appropriate a portion of the amount appropriated under (b) of this section for power cost equalization.
(d) Notwithstanding Section 18 of Article II, a law enacted under Sections 14 - 17 of Article II that would amend the amount allocated for dividend payments to residents of the State under (c) of this section shall not take effect unless approved by the voters of the State in the next statewide election held more than one hundred twenty days after enactment of the law.
The amount appropriated shall be the amount necessary to equalize the cost of power in the State, according to State law, but may not exceed fifty percent of the amount appropriated under (b) of this section.
The lieutenant governor shall prepare a ballot title and proposition summarizing the law and shall place it on the ballot.
(e) Each fiscal year, the legislature may appropriate that portion of the amount appropriated under (b) of this section remaining after the appropriations under (c) and (d) of this section to the general fund.
If a majority of the votes cast on the proposition favor its adoption, it shall become effective on the later of ninety days after the certification of the election returns by the lieutenant governor or an effective date provided for by concurrence of two-thirds of the membership of each house.
(f) The permanent fund may be used to pay costs associated with investments made under (a) of this section.
If a majority of votes cast on the proposition favor its rejection, the law is rejected and does not take effect.
(a) On June 30, 2023, the unencumbered balance of the earnings reserve account established by law shall be deposited in the Alaska permanent fund.
(a) On June 30, 2023, the unencumbered balance of the earnings reserve account established by law shall be deposited in the Alaska permanent fund and become part of the principal of the fund.
(b) On June 30, 2023, the unencumbered balance of the power cost equalization endowment fund established by law shall be deposited in the Alaska permanent fund.
(b) The 2022 amendments relating to the Alaska permanent fund (art.
(c) The 2022 amendments relating to the Alaska permanent fund (art.
(c) For purposes of the 2022 amendments to Section 15 of Article IX, the law governing the percentage of the average fiscal-year-end market value of the permanent fund that may be appropriated from the permanent fund to the general fund under SJR 6 -2- SJR006A New Text Underlined [DELETED TEXT BRACKETED] 32-GS1694\A Section 15(b) of Article IX is a law setting forth the percentage of the average fiscal- year-end market value of the permanent fund that may be appropriated to the general fund at the time of adoption of the 2022 amendments to Section 15(b) of Article IX and that is not a law that is enacted as an appropriation bill.
(d) For purposes of the 2022 amendments to Section 15 of Article IX, the law governing the amount allocated for dividend payments to residents of the State under Section 15(c) of Article IX is the law setting forth the allocation for dividend payments at the time of adoption of the 2022 amendments to Section 15(c) of Article IX and that is not a law that is enacted as an appropriation bill, subject to the enactment of a law amending the law regarding dividend payments in accordance with the requirements of Section 15(d) of Article IX.
The amendments proposed by this resolution shall be placed before the voters of CSSJR 6(JUD) -2- SJR006B New Text Underlined [DELETED TEXT BRACKETED] 32-GS1694\W the state at the next general election in conformity with art.
The amendments proposed by this resolution shall be placed before the voters of the state at the next general election in conformity with art.
SJR006B -3- CSSJR 6(JUD) New Text Underlined [DELETED TEXT BRACKETED]
SJR006A -3- SJR 6 New Text Underlined [DELETED TEXT BRACKETED]
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Action History

  1. (H) FOURTH SPECIAL SESSION BILL

  2. (S) FOURTH SPECIAL SESSION BILL

  3. (H) THIRD SPECIAL SESSION BILL

  4. (S) THIRD SPECIAL SESSION BILL

  5. (S) Minutes (SFIN)

  6. (S) Heard & Held

  7. (S) FINANCE at 01:30 PM SENATE FINANCE 532

  8. (H) Minutes (HJUD)

  9. (H) -- Please Note Location Change --

  10. (H) JUDICIARY at 01:00 PM ANCH LIO DENALI Rm

  11. (H) Minutes (HJUD)

  12. (H) JUDICIARY at 01:00 PM GRUENBERG 120

  13. (H) Minutes (HW&M)

  14. (H) WAYS & MEANS at 11:30 AM DAVIS 106

  15. (H) FIRST SPECIAL SESSION BILL

  16. (S) FIRST SPECIAL SESSION BILL

  17. (S) REFERRED TO FINANCE

  18. (S) FN1: ZERO(GOV)

  19. (S) AM: KIEHL

  20. (S) DP: HOLLAND, MYERS, HUGHES, SHOWER

  21. (S) JUD RPT CS 4DP 1AM NEW TITLE

  22. (S) Minutes (SJUD)

  23. (S) Moved CSSJR 6(JUD) Out of Committee

  24. (S) JUDICIARY at 01:30 PM BUTROVICH 205

  25. (S) Minutes (SJUD)

  26. (S) <Bill Hearing Canceled>

  27. (S) JUDICIARY at 01:30 PM BUTROVICH 205

  28. (S) Minutes (SJUD)

  29. (S) <Bill Hearing Rescheduled to 05/10/2021>

  30. (S) JUDICIARY at 01:30 PM BUTROVICH 205

  31. (S) Minutes (SJUD)

  32. (S) <Bill Hearing Rescheduled to 05/07/2021>

  33. (S) JUDICIARY at 01:30 PM BUTROVICH 205

  34. (S) Minutes (SJUD)

  35. (S) <Bill Hearing Canceled>

  36. (S) JUDICIARY at 01:30 PM BUTROVICH 205

  37. (S) Minutes (SJUD)

  38. (S) Heard & Held

  39. (S) JUDICIARY at 01:30 PM BUTROVICH 205

  40. (S) Minutes (SJUD)

  41. (S) Heard & Held

  42. (S) JUDICIARY at 01:30 PM BUTROVICH 205

  43. (S) JUD WAIVED PUBLIC HEARING NOTICE,RULE 23

  44. (S) FN1: ZERO(GOV)

  45. (S) AM: HOLLAND, KAWASAKI

  46. (S) NR: COSTELLO

  47. (S) DP: SHOWER

  48. (S) STA RPT 1DP 1NR 2AM

  49. (S) Minutes (SSTA)

  50. (S) Moved SJR 6 Out of Committee

  51. (S) STATE AFFAIRS at 03:30 PM BUTROVICH 205

  52. (S) Minutes (SSTA)

  53. (S) Scheduled but Not Heard

  54. (S) STATE AFFAIRS at 03:30 PM BUTROVICH 205

  55. (S) Minutes (SSTA)

  56. (S) Heard & Held

  57. (S) STATE AFFAIRS at 03:30 PM BUTROVICH 205

  58. (S) Minutes (SSTA)

  59. (S) Scheduled but Not Heard

  60. (S) STATE AFFAIRS at 03:30 PM BUTROVICH 205

  61. (S) GOVERNOR'S TRANSMITTAL LETTER

  62. (S) FN1: ZERO(GOV)

  63. (S) STA, JUD, FIN

  64. (S) READ THE FIRST TIME - REFERRALS

Sponsors

  • SENATE RULES BY REQUEST OF THE GOVERNOR · Primary

Sponsorship breakdown

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

Sponsors (1)

  • SENATE 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

Subjects

finance elections
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Frequently asked questions

Who sponsors SJR 6?
SJR 6 is sponsored by SENATE RULES BY REQUEST OF THE GOVERNOR.
What is the current status of SJR 6?
This bill died with 32nd Legislature (2021-2022). 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 6?
Track SJR 6 free on One Click Politics — get push/email alerts when it moves.

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