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HB 249: "An Act relating to contributions from permanent fund dividends to the general fund."

00                             HOUSE BILL NO. 249                                                                          
01 "An Act relating to contributions from permanent fund dividends to the general fund."                                   
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1. AS 43.23.062(a) is amended to read:                                                                   
04 (a)  Notwithstanding AS 43.23.069, the Department of Revenue shall prepare                                              
05 the electronic Alaska permanent fund dividend application to allow an applicant who                                     
06 files electronically to direct that money be subtracted from the dividend payment and                                   
07 contributed to the general fund or to one or more of the educational organizations,                                 
08 community foundations, or charitable organizations that appear on the contribution list                                 
09 contained in the application. A contribution to the general fund or to an organization                              
10 may be $25, $50, $75, $100, or more, in increments of $50, up to the total amount of                                    
11 the permanent fund dividend that the applicant is entitled to receive. If the total                                     
12 amount of contributions elected by an applicant exceeds the amount of the permanent                                     
13 fund dividend that the applicant is entitled to receive, contributions shall be deducted                                
14 from the dividend in the order of priority elected by the applicant on the application                                  
15 until the entire amount of the dividend that the applicant is entitled to receive is                                    
01 allocated for contribution. The electronic dividend application form must include                                       
02 notice that seven percent of the money contributed will be used for administrative                                      
03 costs incurred in implementing this section, and money from the dividend fund will                                      
04       not be used for that purpose.                                                                                     
05    * Sec. 2. AS 43.23.062(b) is amended to read:                                                                      
06 (b)  The department shall list each educational organization, community                                                 
07 foundation, or charitable organization eligible under (c) and (d) of this section, [AND]                            
08 each university campus that applies under (l) of this section, and the general fund on                              
09 the contribution list. The department shall maintain an electronic database for the                                     
10 contribution list that is accessible to the public and that permits searches by                                         
11 organization name, geographic location, and type. The department shall provide a                                        
12 statement of the contributions made by an individual that is suitable for federal income                                
13       tax purposes to each individual who elects to contribute under (a) of this section.                               
14    * Sec. 3. AS 43.23.062(m) is amended to read:                                                                      
15 (m)  In addition to the application fee in (f) of this section, the department shall                                    
16 withhold a coordination fee from each organization, foundation, or university campus                                    
17 that receives contributions under this section in the immediately preceding dividend                                    
18 year. The coordination fee for an organization, foundation, or university campus that                                   
19 receives contributions under this section shall be seven percent of the amount of                                       
20 contributions reported by the department under (j) of this section for the organization,                                
21 foundation, or university campus for the immediately preceding dividend year. The                                       
22 coordination fee shall be separately accounted for under AS 37.05.142 and shall be                                      
23 accounted for separately from the application fee collected under (f) of this section.                                  
24 The annual estimated balance in the account maintained under AS 37.05.142 for                                           
25 coordination fees collected under this subsection may be appropriated for costs of                                      
26 administering this section. The department may not withhold a coordination fee                                      
27       for contributions to the general fund.