Alaska House votes to restructure Permanent Fund and slice dividends
JUNEAU — The Alaska House on Wednesday approved legislation restructuring the Alaska Permanent Fund and reducing dividends — the next step in its end-of-session dance with the state Senate.
The House approved its substitute version of Senate Bill 26 in a 22-18 vote, with all members of the largely-Democratic majority in favor and the full Republican minority opposed.
The legislation would set dividends at $1,250 for the next two years, up from $1,000 in the version of SB 26 passed by the Senate last month.
That and other differences between the House and Senate versions of the bill will most likely be taken up in negotiations between the two chambers. The Senate hasn't voted on the House version of its bill, but if it doesn't accept the changes — a likely outcome — the bill would be negotiated by a House-Senate conference committee.