They are planning on spending the fund.

This from Hoffbeck...

“If we see that we’re drawing too much, we will come back to the legislature and say that the draw is starting to deplete the corpus of the Fund and recommend changes."

http://www.alaskacommons.com/2017/03/10/budget-headed-vote-house-permanent-fund-restructuring-bill-senate/

They said they weren't planning on spending the Fund, only the earnings reserve....so why is this on Hoffbeck's mind at all?

Are they secretly including language that will allow them access to the Fund?