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SB274

SB 274: Changes to Alaska Permanent Fund Appropriation Rules

Last scannedSep 20, 2026, 12:32 AM

In one sentence

This bill changes how the state calculates money available from the Alaska Permanent Fund by setting specific percentages for future years and clarifying which fund balances count.

What it does

  • Sets a schedule of decreasing percentages used to calculate funds available for spending starting in fiscal year ending June 30, 2029.
  • Establishes a permanent rate of 4.5 percent beginning with the fiscal year ending June 30, 2033.
  • Defines 'average market value' to include the earnings reserve account balance.
  • Excludes money from the State v. Amerada Hess settlement when calculating the fund's average market value.

Who it affects

  • The Alaska Permanent Fund Corporation
  • State agencies that receive appropriations from the permanent fund

Limits and unknowns

  • The bill does not state how much total money will be available because it depends on future market values.
  • Section 2 of this Act takes effect July 1, 2032, while the rest of the Act takes effect July 1, 2028.

Plain language

Terms to know

Appropriation
Money officially set aside by the government for a specific use.
Average market value of the fund
The average worth of the permanent fund over five years, including earnings reserves but excluding certain settlement money.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

PERMANENT FUND POMV AVAILABLE FOR APPROP An Act relating to the computation of the amount available for appropriation from the Alaska permanent fund; and providing for an effective date.

Official activity

Bill history

  1. (S) Moved SB 274 Out of CommitteeText
  2. (S) FINANCE at 09:00 AM SENATE FINANCE 532Text
  3. (S) REFERRED TO RULES2124
  4. (S) FN1: (REV)2124
  5. (S) DP: OLSON, STEDMAN, HOFFMAN, KAUFMAN, CRONK, MERRICK, KIEHL2124
  6. (S) FIN RPT 7DP2124
  7. (S) Heard & HeldText
  8. (S) FINANCE at 09:00 AM SENATE FINANCE 532Text
  9. (S) Heard & Held -- Rescheduled from 3/17/26 --Text
  10. (S) FINANCE at 01:30 PM SENATE FINANCE 532Text
  11. (S) -- MEETING CANCELED --Text
  12. (S) FINANCE at 01:30 PM SENATE FINANCE 532Text
  13. (S) Heard & Held -- Please Note Time Change --Text
  14. (S) FINANCE at 01:30 PM SENATE FINANCE 532Text
  15. (S) FIN1846
  16. (S) READ THE FIRST TIME - REFERRALS1846