Petition Status Find information about active and inactive petitions, including initiative, referendum, and recall petitions. An Act requiring placement before the qualified voters of the state, at the next statewide election, a question advising the Legislature as to whether it should propose an amendment to the Constitution of the State of Alaska guaranteeing the Permanent Funds Earnings shall be used solely for dividends and for inflation proofing the principle of the Permanent Fund, and requiring approval by a majority vote of the registered votes before the Permanent Funds Earnings are used for any other purpose. Initiative Id: 99EARN — Sponsor’s Proposed Bill Language Back to your search resultBack to Petitions and Ballot Measures For an Act entitled: “An Act requiring placement before the qualified voters of the state, at the next statewide election, a question advising the Legislature as to whether it should propose an amendment to the Constitution of the State of Alaska guaranteeing the Permanent Fund’s Earnings shall be used solely for dividends and for inflation proofing the principle of the Permanent Fund, and requiring approval by a majority vote of the registered voters before the Permanent Fund’s Earnings are used for any other purpose.” BE IT ENACTED BY THE PEOPLE OF ALASKA: Sec. 1. The lieutenant governor shall place before the qualified voters of the state at the next statewide election a question advisory to the Legislature as to whether it shall propose an amendment to the Constitution to the State of Alaska guaranteeing the Permanent Fund’s Earnings shall be used solely for dividends and for inflation proofing the principle of the Permanent Fund, and requiring approval by a majority vote of the registered voters before the Permanent Fund’s Earnings are used for any other purpose.” The question shall appear in the following form: “Shall the Legislature propose an amendment to the Constitution of the State of Alaska guaranteeing the Permanent Fund, and requiring approval by a majority voter of the registered voters before the Permanent Fund’s Earnings are used for any other purpose.” Sec. 2. The Legislature, in lieu of the placement of an advisory question relation to the dividend, inflation proofing, and a required vote of the people, before the qualified voters at the next election, may, Section hereof notwithstanding, propose an amendment to the Constitution of the State of Alaska relation to guaranteeing the Permanent Fund’s Earnings shall be used solely for dividends and for inflation proofing the principle of the Permanent Fund, and requiring approval by a majority vote of the registered voters before the Permanent Fund’s Earnings are used for any other purpose.