Alaska legislation · 34th Legislature
Alaska SJR5: CONST. AM: PERMANENT FUND, DIVIDENDS
Status: In committee, January 22, 2025
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.
What the bill says
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.
From the introduced text:
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. BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA: * Section 1. Article IX, sec. 15, Constitution of the State of Alaska, is amended to read: Section 15. Alaska Permanent Fund. (a) At least twenty-five percent of all mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue sharing payments and bonuses received by the State shall be placed in a permanent fund, [THE PRINCIPAL OF] which shall be used [ONLY] for [THOSE] income-producing investments specifically designated by law as eligible for permanent fund investments. Appropriations may only be made from the permanent fund as provided in (b) of this section [ALL INCOME FROM THE PERMANENT FUND SHALL BE DEPOSITED IN THE GENERAL FUND UNLESS OTHERWISE PROVIDED BY LAW]. * Sec. 2. Article IX, sec. 15, Constitution of the State of Alaska, is amended by adding new SJR005A -1- SJR New Text Underlined [DELETED TEXT BRACKETED] 34-LS0348\A subsections to read: (b) Each fiscal year, the legislature shall appropriate from the permanent fund to the general fund an amount as provided by law setting forth a percentage of the average market value of the permanent fund at the fiscal year end …
Sponsors
- James Kaufman (R, HD-028) · primary sponsor
- Robert Yundt (R, SD-N)
- Shelley Hughes (R, SD-F)
- Robert Myers (R, SD-Q)
- Mike Cronk (R, SD-R)
- Mike Shower (R, SD-E)
Latest actions
- : (S) COSPONSOR(S): YUNDT, HUGHES, MYERS, CRONK, SHOWER
- : (S) REFERRED TO JUDICIARY
- : (S) JUD, FIN
- : (S) READ THE FIRST TIME - REFERRALS
- : (S) PREFILE RELEASED 1/10/25
Subjects: ELECTIONS, CONSTITUTIONAL AMENDMENTS, PERMANENT FUND, FUNDS, GOVERNOR, APPROPRIATIONS
Common questions
- What is SJR5?
- SJR5 is a bill in the Alaska Legislature (34th Legislature): CONST. AM: PERMANENT FUND, DIVIDENDS.
- What does SJR5 do?
- In its own words: 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.
- What is the status of SJR5?
- In committee as of January 22, 2025. Latest action: (S) COSPONSOR(S): YUNDT, HUGHES, MYERS, CRONK, SHOWER (March 3, 2025).
- Who sponsored SJR5?
- James Kaufman (R, HD-028), with 5 co-sponsors.
- Where is the official record for SJR5?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=SJR 5
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.