Alaska 34th Alaska State Legislature Status: In Committee 1 D cosponsors

HB 114 — An Act relating to the Alaska permanent fund; relating to permanent fund dividends; relating to the use of state income from mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue sharing payments, and bonuses from mineral leases; relating to contributions from permanent fund dividends to the general and permanent funds; and providing for an effective date.

Last action — (H) Minutes (HSTA)

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

This bill is in committee in the House. Introduced February 26, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 16% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

How this bill changes current law

8 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill makes several amendments to the management and distribution of the Alaska permanent fund and associated dividends, modifying the process for calculating net income and allowing for contributions to state funds from dividends.

  • AS 37.13.140(a)

    [NET INCOME OF THE FUND INCLUDES INCOME OF THE EARNINGS RESERVE ACCOUNT ESTABLISHED UNDER AS 37.13.145.]

    Removes the specification that net income includes earnings reserve account income.

  • AS 37.13.145(c)

    [TRANSFER UNDER (b) AND AN] appropriation under (e) of this section, the legislature may appropriate [CORPORATION SHALL TRANSFER] → appropriation under (e) of this section, the legislature may appropriate

    Removes language regarding a transfer and allows direct appropriation from the earnings reserve account.

  • AS 37.13.145(d)

    [NOTWITHSTANDING (b) OF THIS SECTION, INCOME]

    Eliminates conflicting language regarding income from a specific legal case.

  • AS 37.13.145(e)

    [TO THE GENERAL FUND]

    Prohibits appropriating an amount from the earnings reserve account that exceeds what is available for appropriation.

  • AS 43.23.025(a)

    [OF INCOME OF THE ALASKA PERMANENT FUND TRANSFERRED]

    Clarifies the method for determining the total amount available for permanent fund dividends.

  • AS 43.23.028(a)

    [INCOME EARNED BY THE PERMANENT FUND FROM DEPOSITS TO THAT FUND REQUIRED UNDER ART. IX, SEC. 15, CONSTITUTION OF THE STATE OF ALASKA]

    Changes the required disclosures attached to dividend disbursement advice.

  • AS 43.23.045

    Each fiscal year, after the appropriations or transfers made under AS 37.13.010 and AS 37.14.150, the legislature may appropriate to the dividend fund 69 percent of all mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue sharing payments, and bonuses received by the state during that fiscal year.

    Establishes a method for allocating a percentage of mineral revenue to the dividend fund.

  • AS 43.23

    Sec. 43.23.135. Contributions to the general and permanent funds. (a) Notwithstanding AS 43.23.200, the electronic Alaska permanent fund dividend application must allow an applicant to direct that money be subtracted from the dividend payment and contributed to the state general fund or the principal of the permanent fund.

    Allows individuals to direct a portion of their permanent fund dividend to state funds.

Action History

  1. (H) Minutes (HSTA)

  2. (H) <Bill Hearing Canceled> -- Delayed to 4:15 pm--

  3. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120

  4. (H) -- Public Testimony <Time Limit May Be Set> -- -- MEETING CANCELED --

  5. (H) STATE AFFAIRS at 01:00 PM GRUENBERG 120

  6. (H) Minutes (HSTA)

  7. (H) Scheduled but Not Heard

  8. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120

  9. (H) -- MEETING CANCELED --

  10. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120

  11. (H) Minutes (HSTA)

  12. (H) Scheduled but Not Heard

  13. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120

  14. (H) REFERRED TO STATE AFFAIRS

  15. (H) STA, FIN

  16. (H) READ THE FIRST TIME - REFERRALS

Sponsors

Sponsorship breakdown

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

Sponsors (1)

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

taxation finance agriculture
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 HB 114?
HB 114 is sponsored by Ashley Carrick (D).
What is the current status of HB 114?
This bill is in committee in the House. Introduced February 26, 2025. It must pass committee before a floor vote.
Where can I track HB 114?
Track HB 114 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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