Sectional Analysis for HB 82

Making a special appropriation to the principal of the permanent fund

This bill has only one section, which would deposit into the Permanent Fund the balance of the earnings reserve account as of June 30, 1997, after paying for inflation proofing and dividends and leaving a $50 million “emergency fund.” The amount to be deposited is estimated to be about $534 million.

House Bill 82 has no effective date clause, so it will become effective 90 days after being signed into law by the Governor, as provided for in Article II, section 18 of the state constitution.