I read & struggled to understand HB115. It's too complex to trust. At the Kodiak LIO yesterday I said this bill should fail as it attempts to deal with multiple issues -that often (as it should) dooms any bill to failure. Keep it simple - one issue per bill.
"Restructuring" the PF is governmentese for seizure of part or all of the PFD - and that should never be contemplated, but we're headed that way, if we don't really kick up a fuss NOW.
On Ak Deeds, gas/oil subsurface rights are reserved "in common" for the residents. The PF & PFD are also owned "in common" - reducing or seizing any part of the PFD is akin to seizing one's private bank account.
I oppose any attempt to seize PFDs by any sleazy attempt.
I favor an Inc tax, reduction in state services, employees &  reduction in expenditures. This way Ak gets taxes from non-res workers. 
I favor a Statewide SALES Tax. It can be designed with a rebate for those at the poverty level of income. Then Ak gets compensation from tourists, etc.