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HB 286 - Establishes Budget for Fiscal Year 2018-2019 - Alaska Key Vote

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Stage Details

Title: Establishes Budget for Fiscal Year 2018-2019

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Title: Establishes Budget for Fiscal Year 2018-2019

Vote Smart's Synopsis:

Vote to pass a bill that establishes a budget for fiscal year 2018-2019.

Highlights:

 

  • Appropriates $2.7 billion from the Alaska Permanent Fund earnings reserve account, equivalent to 5.25 percent of market value, as follows (Sec. 3):

    • The amount necessary, estimated at $1.1 billion, for the payment of $1,600 permanent fund dividends; and

    • The remainder, estimated at $1.7 billion, to the general fund for various purposes.

  • Appropriates unrestricted interest earned on general fund balance for fiscal year 2018-2019 to the budget reserve fund to compensate the budget reserve fund for lost earnings resulting from use of the fund for capital and operating appropriations for fiscal year 2018-2019 (Sec. 28).

  • Appropriates $26.7 million the the Public Defender Agency (Sec. 1).

Title: Establishes Budget for Fiscal Year 2018-2019

Committee Sponsors

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