Wrong. It is the people's share of the general fund which was created for the people. The fund is billions and billions of dollars which we created to protect us when the oil STOPS. It hasn't stopped and the state has not spent one minute in the past 40years to try and get off the reliance of oil. When the fund was created the state was given $900 million bonus, they BLEW all of it in a year. The people took their $270,000 (off the top of my head but close) and created the general fund which is around $55billion today. This is why it is in our constitution and it wasn't thought that the dividend needed to be spelled out. 

We have one of the highest influxes of capital per capita yet the state BLOWS it. Yes we need income taxes to get off the reliance of mineral royalties. We cannot be sustainable on oil alone. And the PFD is the peoples.