Alaska Senate votes down full dividend proposal

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JUNEAU, Alaska (AP) - The Alaska Senate has rejected a full dividend payout from the state's oil-wealth fund as part of the debate over this year's check.

The 10-8 vote came after a divided Senate adopted an amendment calling for a full payout, with checks to qualified residents estimated to be around $3,000. The initial bill proposed $1,600 checks.

The bill needed 11 votes to pass.

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