---
type: "Bill"
title: "An Act requiring the Alaska Permanent Fund Corporation to manage the power cost equalization endowment fund; requiring the Alaska Permanent Fund Corporation to publish certain reports relating to the power cost equalization endowment fund; relating to the Alaska Permanent Fund Corporation's management and investment of the power cost equalization endowment fund; and providing for an effective date."
description: "An Act requiring the Alaska Permanent Fund Corporation to manage the power cost equalization endowment fund; requiring the Alaska Permanent Fund Corporation to publish certain reports relating to the power cost equalization endowment fund; relating to the Alaska Permanent Fund Corporation's management and investment of the power cost equalization endowment fund; and providing for an effective date."
jurisdiction: "us/states/ak"
legislature: "Alaska Legislature"
session: "33"
identifier: "SB 98"
citation: "Alaska SB 98 (33)"
classification: ["bill"]
subjects: ["BOARDS & COMMISSIONS", "FINANCE", "FUNDS", "INVESTMENTS", "PERMANENT FUND", "PUBLIC CORPORATIONS", "PUBLIC FINANCE", "REVENUE", "UTILITIES"]
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 65
vote_count: 6
first_action: "2023-03-08"
last_action: "2023-10-16"
source: "openstates"
source_identifier: "ocd-bill/048197b7-1224-4d2b-8052-ef8696d9a21d"
source_url: "https://www.akleg.gov/basis/Bill/Detail/33?Root=SB98"
source_hash: "549d6a1afeac12f30c697f963ae8555a74c1e0eaee418543b639a691606de271"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ak"]
---

# Alaska SB 98 (33) — An Act requiring the Alaska Permanent Fund Corporation to manage the power cost equalization endowment fund; requiring the Alaska Permanent Fund Corporation to publish certain reports relating to the power cost equalization endowment fund; relating to the Alaska Permanent Fund Corporation's management and investment of the power cost equalization endowment fund; and providing for an effective date.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **CSSB 98(FIN)** (committee substitute) — [source](https://www.akleg.gov/basis/Bill/Text/33?Hsid=SB0098B)
2. **Enrolled SB 98** (committee substitute) — [source](https://www.akleg.gov/basis/Bill/Text/33?Hsid=SB0098Z)
3. **SB 98** (committee substitute) — [source](https://www.akleg.gov/basis/Bill/Text/33?Hsid=SB0098A)

## Votes

- (H) PASSED Y39 N1 #1147 — **39–1** (pass) · lower
- (H) AM NO 1 FAILED Y1 N38 E1 # 1109 — **1–38** (fail) · lower
- (H) RETURN TO SECOND FOR AM 3 FAILED Y1 N39 #1146 — **1–39** (fail) · lower
- (S) PASSED Y16 N3 E1 #857 — **16–3** (pass) · upper
- (H) PASSED ON RECONSIDERATION Y39 N1 #1148 — **39–1** (pass) · lower
- (H) AM NO 2 FAILED Y1 N38 E1 # 1110 — **1–38** (fail) · lower

## Sponsors

- Senate Finance — primary (organization)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-03-08** (S) READ THE FIRST TIME - REFERRALS `reading-1`
- **2023-03-08** (S) FIN
- **2023-03-14** (S) FINANCE at 09:00 AM SENATE FINANCE 532
- **2023-03-14** (S) Heard & Held
- **2023-03-14** (S) Minutes (SFIN)
- **2023-03-31** (S) FINANCE at 09:00 AM SENATE FINANCE 532
- **2023-03-31** (S) Minutes (SFIN)
- **2023-04-17** (S) FINANCE at 09:00 AM SENATE FINANCE 532
- **2023-04-17** (S) Moved CSSB 98(FIN) Out of Committee
- **2023-04-17** (S) Minutes (SFIN)
- **2023-04-21** (S) FIN RPT CS 4DP 2NR NEW TITLE
- **2023-04-21** (S) DP: STEDMAN, HOFFMAN, OLSON, BISHOP
- **2023-04-21** (S) NR: KIEHL, MERRICK
- **2023-04-21** (S) FN1: (REV)
- **2023-04-21** (S) FN2: (REV)
- **2023-04-21** (S) FN3: (REV)
- **2023-04-24** (S) RULES TO CALENDAR 4/24/23
- **2023-04-24** (S) READ THE SECOND TIME `reading-2`
- **2023-04-24** (S) FIN CS ADOPTED UC
- **2023-04-24** (S) ADVANCED TO THIRD READING 4/25 CAL `reading-3`
- **2023-04-25** (S) READ THE THIRD TIME CSSB 98(FIN) `reading-3`
- **2023-04-25** (S) PASSED Y16 N3 E1 `passage`
- **2023-04-25** (S) EFFECTIVE DATE(S) SAME AS PASSAGE
- **2023-04-25** (S) TRANSMITTED TO (H) `passage`
- **2023-04-25** (S) VERSION: CSSB 98(FIN)
- **2023-04-26** (H) READ THE FIRST TIME - REFERRALS `reading-1`
- **2023-04-26** (H) FIN
- **2023-05-04** (H) FINANCE at 10:30 AM ADAMS 519
- **2023-05-04** (H) Heard & Held -- Please Note Time Change --
- **2023-05-04** (H) Minutes (HFIN)
- **2023-05-04** (H) FINANCE at 01:30 PM ADAMS 519
- **2023-05-04** (H) Moved Out of Committee -- Recessed to 5/5/23 at 9:30 am --
- **2023-05-04** (H) Minutes (HFIN)
- **2023-05-08** (H) FIN RPT 9DP 1AM
- **2023-05-08** (H) DP: TOMASZEWSKI, CRONK, HANNAN, STAPP, JOSEPHSON, ORTIZ, EDGMON, D.JOHNSON,
- **2023-05-08** (H) FOSTER
- **2023-05-08** (H) AM: GALVIN
- **2023-05-08** (H) FN1: (REV)
- **2023-05-08** (H) FN2: (REV)
- **2023-05-08** (H) FN3: (REV)
- **2023-05-15** (H) RULES TO CALENDAR 5/14/2023
- **2023-05-15** (H) SESSION CANCELED 5/14 - ON 5/15 CALENDAR
- **2023-05-15** (H) READ THE SECOND TIME `reading-2`
- **2023-05-15** (H) AM NO 1 FAILED Y1 N38 E1 `amendment-failure`
- **2023-05-15** (H) AM NO 2 FAILED Y1 N38 E1 `amendment-failure`
- **2023-05-15** (H) ADVANCED TO THIRD READING 5/16 CALENDAR `reading-3`
- **2023-05-16** (H) READ THE THIRD TIME CSSB 98(FIN) `reading-3`
- **2023-05-16** (H) RETURN TO SECOND FOR AM 3 FAILED Y1 N39 `failure`
- **2023-05-16** (H) PASSED Y39 N1 `passage`
- **2023-05-16** (H) EFFECTIVE DATE(S) SAME AS PASSAGE
- **2023-05-16** (H) SADDLER NOTICE OF RECONSIDERATION
- **2023-05-16** (H) RECON SAME DAY UC - IN THIRD READING `reading-3`
- **2023-05-16** (H) PASSED ON RECONSIDERATION Y39 N1 `passage`
- **2023-05-16** (H) EFFECTIVE DATE(S) SAME AS PASSAGE
- **2023-05-16** (H) RETURN TO (S), TRANSMIT TO GOV NEXT
- **2023-05-16** (H) VERSION: CSSB 98(FIN)
- **2023-10-16** (S) 11:45 A.M. 6/15/23 Transmitted to Governor `executive-receipt`
- **2023-10-16** (S) Signed into law 6/23 CHAPTER 12 SLA 23 `executive-signature`
- **2023-10-16** (S) EFFECTIVE DATE(S) OF LAW 7/1/23 `became-law`
- **2023-10-16** (S) LEG FINANCE APPROPRIATION MESSAGE 8/28/23
- **2023-10-16** (H) LEG FINANCE APPROPRIATION MESSAGE 8/28/23
- **2023-10-16** (H) FN(S) ATTACHED TO APPROP. BILL HB 39
- **2023-10-16** (H) FN1: (REV)
- **2023-10-16** (H) FN2: (REV)
- **2023-10-16** (H) FN3: (REV)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/048197b7-1224-4d2b-8052-ef8696d9a21d`. Confidence: reported (aggregated from official Alaska legislature records).