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Follow the link below to download Senator Lesil McGuire’s October 1st presentation to the Fiscal Action Coalition about her bil, SB114, which would make changes to the Permanent Fund to a POMV formula and enable the Legislature to use earnings to help meet the budget gap.

Downloads
10/01/15 FAC Lesil McGuire SB114 (852 KB)
On October 1st, 2015, Senator Lesil McGuire gave a presentation to the Fiscal Action Coalition about her legislation SB 114 now pending in the Legislature. Her bill would change how money is deposited into the Permanent Fund, and switch it to a POMV formula. The bill would enable the Legislature to utilize Permanent Fund earnings to help meet the fiscal gap and stabilize and protect future PFDs.