00                       CS FOR SENATE BILL NO. 24(STA)                                                                    
01 "An Act directing the commissioner of revenue to pay dividends to certain eligible                                      
02 individuals; and providing for an effective date."                                                                      
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. The uncodified law of the State of Alaska is amended by adding a new section                          
05 to read:                                                                                                                
06 PERMANENT FUND DIVIDENDS. (a) Notwithstanding AS 43.23.005, when                                                        
07 determining permanent fund dividend payments under AS 43.23.025 in 2019, 2020, and 2021,                                
08 the commissioner of revenue shall include a payment of $1,061 in 2019, $1,289 in 2020, and                              
09 $1,388 in 2021, respectively, in the permanent fund dividend to each eligible individual as                             
10 provided in (b) - (d) this section.                                                                                     
11       (b)  An individual is eligible for a permanent fund dividend payment under (a) of this                            
12 section in calendar year 2019 if the individual                                                                         
13            (1)  received a 2016 permanent fund dividend; and                                                            
14            (2)  is eligible for a 2019 permanent fund dividend.                                                         
01       (c)  An individual is eligible for a permanent fund dividend payment under (a) of this                            
02 section in calendar year 2020 if the individual                                                                         
03            (1)  received a 2017 permanent fund dividend; and                                                            
04            (2)  is eligible for a 2020 permanent fund dividend.                                                         
05       (d)  An individual is eligible for a permanent fund dividend payment under (a) of this                            
06 section in calendar year 2021 if the individual                                                                         
07            (1)  received a 2018 permanent fund dividend; and                                                            
08            (2)  is eligible for a 2021 permanent fund dividend.                                                         
09       (e)  The amount appropriated from the earnings reserve account (AS 37.13.145) to the                              
10 dividend fund (AS 43.23.045(a)) for payments under (a) of this section to eligible individuals                          
11 during calendar years 2019, 2020, and 2021 may not contribute to the calculation for the                                
12 2019, 2020, or 2021 dividends under AS 43.23.025.                                                                       
13    * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).