Becky Bohrer
Alaska Gov. Mike Dunleavy speaks during a news conference on Wednesday, May 12, 2021, in Juneau, Alaska, with Sen. Robert Myers show in the background. Dunleavy proposed a constitutional amendment dealing with the Alaska Permanent Fund and the Permanent Fund Dividend. (AP Photo/Becky Bohrer) May 12, 2021 - 7:07 PM
JUNEAU, Alaska (AP) â Alaska Gov. Mike Dunleavy proposed Wednesday what he called a step toward a broader fiscal plan that includes placing in the state constitution a new formula for the annual check residents receive from Alaska s oil-wealth fund.
The proposal, released a week before the scheduled end of the legislative session, also would restructure the Permanent Fund, rolling its spendable earnings reserve into the fund s constitutionally protected principal, and place in the principal an endowment used to help communities with high electricity costs.
Alaska governor proposes dividend, oil-wealth fund plan
by Becky Bohrer, The Associated Press
Posted May 12, 2021 8:56 pm EDT
Last Updated May 12, 2021 at 8:58 pm EDT
JUNEAU, Alaska (AP) Alaska Gov. Mike Dunleavy proposed Wednesday what he called a step toward a broader fiscal plan that includes placing in the state constitution a new formula for the annual check residents receive from Alaska’s oil-wealth fund.
The proposal, released a week before the scheduled end of the legislative session, also would restructure the Permanent Fund, rolling its spendable earnings reserve into the fund’s constitutionally protected principal, and place in the principal an endowment used to help communities with high electricity costs.
JUNEAU â Alaska Gov. Mike Dunleavy proposed Wednesday what he called a step toward a broader fiscal plan that includes placing in the state constitution a new formula for the annual check residents receive from Alaska s oil-wealth fund.
The proposal, released a week before the scheduled end of the legislative session, also would restructure the Permanent Fund, rolling its spendable earnings reserve into the fund s constitutionally protected principal, and place in the principal an endowment used to help communities with high electricity costs.
Dunleavy said the multibillion-dollar earnings reserve and the Power Cost Equalization endowment are at risk of being spent down and that the proposal would help settle long-running debates over issues that have become political footballs.
Alaska Senate Passes Bill Allowing for Permanent Industrial Hemp Program Tuesday, 11 May 2021
-Senate Bill 27, a bill allowing for more business opportunities for industrial hemp, was unanimously passed by the Alaska Senate today.
SB 27 would allow for the state to maintain a permanent industrial hemp program and allow for more broad interstate commerce of Alaska-grown and manufactured hemp products.
In 2018, the Legislature passed a bill that established a state Industrial Hemp Pilot Program. Later that year, Congress passed the Agriculture Improvement Act of 2018, which changed the federal requirements for the industrial hemp market.
“The passage of Senate Bill 27 will not only ensure federal compliance but will also provide agricultural and manufacturing business opportunities for hemp and help diversify our state’s economy,” said Senate Majority Leader Shelley Hughes, R-Palmer, the bill’s sponsor.
Alaska Senate takes action against member over virus rules
BECKY BOHRER, Associated Press
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1of4Alaska Senate Secretary Liz Clark, right, holds a copy of the Alaska Legislature s uniform rules as she talks to Sen. Lora Reinbold, R-Eagle River, center, while Senate President Peter Micciche, R-Soldotna and Senate Majority Leader Shelley Hughes, R-Palmer, in the Alaska State Capitol in Juneau, Alaska, Wednesday, March 10, 2021. Reinbold was excluded from most spaces in the Alaska State Capitol until she follows the Legislature s anti-COVID policies. (James Brooks/Anchorage Daily News via AP, Pool)James Brooks/APShow MoreShow Less
2of4FILE - In this Wednesday, Jan. 27, 2021 file photo, Alaska state Sen. Lora Reinbold, an Eagle River Republican, holds a copy of the Alaska Constitution during a committee hearing in Juneau, Alaska. The Alaska Senate voted Wednesday, March 10, 2021, to allow leadership to restrict access to the Capitol by Reinbold, who