An Act relating to the computation of the amount available for appropriation from the Alaska permanent fund; and providing for an effective date.

This bill updates how Alaska calculates the amount of money available for appropriation from the Permanent Fund. It establishes a schedule where the percentage of the fund's average market value used for spending gradually decreases from 4.9% in 2029 to 4.5% starting in 2033. The calculation includes the earnings reserve account but excludes a specific portion of principal tied to a past legal settlement. The changes take effect on July 1, 2028, except for the final percentage reduction which begins on July 1, 2032.