Alaska House calls for $1,100 dividend; dispute over funds

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JUNEAU, Alaska (AP) — The Alaska House passed legislation Tuesday calling for an $1,100 dividend to residents but there are different interpretations as to whether much of the money that would be used for the checks is available. 

The bill next goes to the Senate.

The measure calls for spending $730.5 million, with $330 million from the statutory budget reserve fund. That’s where a recent court decision and a failed vote earlier this year come into play.

The fund was long considered among the accounts subject to being swept into the constitutional budget reserve to repay it for money that’s been used from it. Lawmakers can reverse the sweep and restore

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