Proposed 1,600 permanent fund legislature to go to the Senate

The Alaska House of Representatives have approved legislation for a 1,600 dollar permanent fund dividend. (James Brooks / ADN)
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JUNEAU, Alaska The Alaska House of Representatives have approved legislation for a 1,600 dollar permanent fund dividend.

The house advanced the decision on a vote of 22 to 12.

House Bill 2003 will now go to the senate and will be deliberated as early as Saturday. With the outcome of the divided still uncertain, there have been mixed receptions from the caucus.

Governor Dunleavy is not pleased with this amount and spoke in support of a 3,000 dollar dividend in a conference call with reporters on Thursday night.

Representative David Eastman of Wasilla said, “It’s not unreasonable to maintain the same calculation for the dividend that has been on the books for many, many years.”

Jennifer Johnston, a representative of Anchorage who is in favor of the bill, stated that this bill is a compromise, and the amount proposed would payout 1,336 dollars per person without the 172 million Statuary Budget Reserve. Other lawmakers are quoting the 2017 ruling of the Alaska Supreme Court which ruled that the Permanent Fund income is subject to change.

We will update you as the story develops.