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Session: State Capitol, Room 403 Juneau, AK 99801-1182 Phone: (907) 465-3438 Fax: (907) 465-4565 Send E-Mail Interim: 716 W 4th Avenue, Suite 600 Anchorage, AK 99501-2133 Phone: (907) 269-0100 Fax: (907) 269-0105 |
Measure Makes One-Time $250 Million Deposit to Fund Principal
| For Immediate Release: April 12, 2000 | |
| Contact: | Representative Ramona Barnes at (907) 465-3438. |
Juneau -- The Alaska House of Representatives Wednesday passed House Bill 18, sponsored by Representative Ramona L. Barnes (R-Anchorage).
HB 18 makes a special, one-time appropriation from the Earnings Reserve to the corpus of the Permanent Fund. The bill would make a deposit of $250 million into the principal of the Permanent Fund from the $3.16 billion balance of the Earnings Reserve expected to exist on June 30, 2000.
"This one-time deposit will serve the dual purpose of protecting the funds and ensuring the growth of the Permanent Fund," Barnes said.
HB 18 passed the House 30-10. Notice of Reconsideration was filed.
Attachments:
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= Ramona Barnes, 157 K
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