Signed by Governor Sarah Palin

Vote Smart's Synopsis:

Vote to pass a bill that increases the amount of the 2008 permanent fund dividend by $1,200, and further amends state energy policy.

Highlights:

-Increases the maximum amount of loans from the bulk fuel bridge loan fund to a borrower in a fiscal year from $500,000 to $750,000 (Sec. 1). -Suspends the motor fuel tax from September 1, 2008 until August 31, 2009 (Sec. 6). -Requires the power costs for which power cost equalization is paid to an electric utility to be between 12 cents and $1 a kilowatt-hour between October 1, 2008 and June 29, 2009 (Sec. 2). -Requires the power costs for which power equalization is paid to an electric utility to be between 12 and 52.5 cents a kilowatt-hour beginning June 30, 2009 (Sec. 3). -This is a substitute bill sponsored by the House Finance Committee.

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that increases the amount of the 2008 permanent fund dividend by $1,200, and further amends state energy policy.

Highlights:

-Increases the maximum amount of loans from the bulk fuel bridge loan fund to a borrower in a fiscal year from $500,000 to $750,000 (Sec. 1). -Suspends the motor fuel tax from September 1, 2008 until August 31, 2009 (Sec. 6). -Requires the power costs for which power cost equalization is paid to an electric utility to be between 12 cents and $1 a kilowatt-hour between October 1, 2008 and June 29, 2009 (Sec. 2). -Requires the power costs for which power equalization is paid to an electric utility to be between 12 and 52.5 cents a kilowatt-hour beginning June 30, 2009 (Sec. 3). -This is a substitute bill sponsored by the House Finance Committee.

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill to give residents resource rebates to assist with high energy costs through the Alaska Resource Rebate Program.

Highlights:

-Increases residents' 2008 permanent fund dividend by $1,200 (Sec. 3). -Suspends Alaska's motor fuel tax beginning September 1, 2008 and ending August 31, 2009 (Sec. 4).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill to give residents resource rebates and energy subsidies to assist with high energy costs.

Highlights:

-Establishes a gas pipeline development fund to finance a gas pipeline project in Alaska (Sec. 10). -Appropriates $50 million each year for 5 years to fund renewable energy projects (Sec. 11). -Establishes the Alaska Resource Rebate Program to assist residents with current high energy costs by increasing the 2008 permanent fund dividend for residents by $500 (Sec. 13, 14). -Grants an emergency relief payment to residents for costs of heating oil or propane that exceed $3.00 a gallon for up to 850 gallons used by a single family residence and 300 gallons for each unit in a multi-family residence (Sec. 15). -Grants an emergency relief credit to residents for costs that exceed $3.00 an Mcf of natural gas for up to 100 Mcf used by a single family residence and 50 Mcf for each unit in a multi-family residence (Sec. 15). -Reimburses residents who use electricity to heat their residence by 5 cents a kilowatt-hour for the cost of up to 2,300 kilowatt-hours each month of electricity purchased, except for the first 500 kilowatt-hours each month (Sec. 15). -Reimburses residents for the sales tax paid for the fuel or electricity for which the emergency energy relief payment or credit is made (Sec. 15). -Requires landlords who receive an energy credit or relief payment to pass on the benefit by lowering their tenants’ rent by the amount attributable to the rent (Sec. 15).

Full Bill Text