00                            SENATE BILL NO. 318                                                                         
01 "An Act relating to assignments of permanent fund dividends; and providing for an                                       
02 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       SHORT TITLE.  This Act may be known as the Good Neighbor Act.                                                     
07    * Sec. 2.  AS 43.23.069(b) is amended to read:                                                                     
08            (b)  A person may assign the right to receive a permanent fund dividend to a                                 
09       federal, state, or municipal government agency, [OR] to a court, or to an                                 
10       organization that qualifies for nonprofit status and is exempt from federal                                   
11       taxation under 26 U.S.C. 501(c)(3) (Internal Revenue Code).                                                   
12    * Sec. 3.  This Act takes effect January 1, 2003.