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Proposed amendment seeks to protect Alaska Permanent Fund dividends

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Posted: Thursday, February 6, 2014 1:16 pm | Updated: 3:41 pm, Thu Feb 6, 2014.

JUNEAU, Alaska - A proposal by House Democrats to provide constitutional protection for the Alaska Permanent Fund - which provides the yearly check Alaskans receive for their share of state's oil wealth - got a cool response Thursday from some majority members, who indicated it could limit the options lawmakers have if the state falls on tough financial times.

House Speaker Mike Chenault, R-Nikiski, said legislatures have shown restraint since the Permanent Fund was enacted, but he said blocking off dividends would provide fewer choices if state government exceeded its available revenues.

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