From my take on the CBR, and the PFD.
The PFD is share holder profits from oil revinue, to become a shareholder you must live in Alaska.
Alaska Native Claims Settlement Act (ANCSA) and the 1980 Alaska National Interest Lands Conservation Act hit.
Most the land in Alaska is locked up tite, barring most normal Alaskans from the mineral wealth the State has to offer.
From how it is told the First oil revinue income hit state coffers the Legislature promptly squanderd $900 Million dollars.
At the time the Alaskan operating budget was $140 MIllion.
Gov Hammond was rightly alarmed at the appitite of government.
So the Constitutional Budget Reserve☆☆ was put into action as well as the Permanant Fund, which pays out a percentage of the oil revinue.
Off the top the State of Alaska already takes 99.3% of all the mineral revinues taken in by the state.
That Fraction of a percentage is what is payed into the PFD.
As Alaskans you get a share in that revinue.
There are better people than me that can explain it better.
But the PFD is Not some cash to buy votes.
Never has been and has only now been used as a political tool.