SB 117: "An Act eliminating the longevity bonus program and making related conforming changes; and providing for an effective date."
00 SENATE BILL NO. 117 01 "An Act eliminating the longevity bonus program and making related conforming 02 changes; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 09.38.015(a) is amended to read: 05 (a) An individual is entitled to exemption of the following property: 06 (1) a burial plot for the individual and the individual's family; 07 (2) health aids reasonably necessary to enable the individual or a 08 dependent to work or to sustain health; 09 (3) benefits paid or payable for medical, surgical, or hospital care to 10 the extent they are or will be used to pay for the care; 11 (4) an award under AS 18.67 (Violent Crimes Compensation Board) or 12 a crime victim's reparations act of another jurisdiction; 13 (5) benefits paid or payable as a longevity bonus under former 14 AS 47.45;
01 (6) compensation or benefits paid or payable and exempt under federal 02 law; 03 (7) liquor licenses granted under AS 04; 04 (8) tuition credit or savings accounts under a higher education savings 05 account established under AS 14.40.802 or an advance college tuition savings contract 06 authorized under AS 14.40.809(a); 07 (9) a permanent fund dividend to the extent allowed under 08 AS 43.23.065. 09 * Sec. 2. AS 18.56.850(b) is amended to read: 10 (b) In the development of a home energy conservation or weatherization 11 program under (a) of this section, the corporation may not consider the value of 12 [ALASKA LONGEVITY BONUS PAYMENTS UNDER AS 47.45 OR] permanent 13 fund dividends under AS 43.23 in determining whether a person meets income 14 guidelines established under AS 18.56.088 and (a) of this section for a state or, to the 15 extent permitted by federal law, a federal energy conservation or weatherization 16 program. 17 * Sec. 3. AS 44.21.230(c) is amended to read: 18 (c) The commission may not investigate, review, or undertake any 19 responsibility for the [LONGEVITY BONUS PROGRAM UNDER AS 47.45 OR 20 THE] Alaska Pioneers' Homes under AS 47.55. 21 * Sec. 4. AS 44.99.205(c)(3) is amended to read: 22 (3) "program" includes the permanent fund dividend program under 23 AS 43.23 [AND THE LONGEVITY BONUS PROGRAM UNDER AS 47.45]; 24 * Sec. 5. AS 47.08.060(c) is amended to read: 25 (c) In applying the formula to determine the applicant's share, the total gross 26 income and the total assets of the family of the applicant may be taken into account, 27 with the following exceptions: 28 (1) the applicant's permanent place of abode; 29 (2) one noncommercial vehicle; 30 (3) tools, equipment, vehicles and other assets required in a trade or 31 business;
01 (4) ordinary household and personal effects; 02 (5) $1,000 of liquid assets; 03 (6) all nonliquid assets unless this exclusion would bring about an 04 inequitable result; however, all income derived from this property shall be taken into 05 consideration in determining the recipient's gross income; 06 (7) inalienable shares in a Native corporation created under 43 U.S.C. 07 1601-1628 (Alaska Native Claims Settlement Act), for the period of their 08 inalienability as specified in the Act; 09 (8) Alaska longevity bonus payments under former AS 47.45; 10 (9) any other assets specifically restricted for the use of the recipient 11 by state or federal law. 12 * Sec. 6. AS 47.45.010, 47.45.020, 47.45.030, 47.45.040, 47.45.050, 47.45.060, 47.45.070, 13 47.45.080, 47.45.100, 47.45.110, 47.45.120, 47.45.122, 47.45.130, 47.45.140, 47.45.150, and 14 47.45.160 are repealed. 15 * Sec. 7. This Act takes effect July 1, 2003.