HB 375: "An Act relating to the purchase and sale of state land; relating to discounts for veterans on state land purchases; and relating to assignments of permanent fund dividends."
00 HOUSE BILL NO. 375 01 "An Act relating to the purchase and sale of state land; relating to discounts for 02 veterans on state land purchases; and relating to assignments of permanent fund 03 dividends." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 38.05.940(a) is amended to read: 06 (a) An eligible veteran is entitled to a discount of 25 percent on the purchase 07 price of state land sold under this title and classified under this chapter [AS 38.05.005 08 - 38.05.270] for a use other than commercial or industrial use. 09 * Sec. 2. AS 38.05.940(b) is amended to read: 10 (b) To be eligible for a discount under (a) of this section, a veteran shall 11 submit proof, as required by regulation, that the veteran 12 (1) is 18 years of age or older on the date of sale; 13 (2) has been a state resident for a period of not less than one year 14 immediately preceding the date of sale; and
01 (3) has served 02 (A) in the Alaska Territorial Guard for at least 90 days, unless 03 the service was shortened due to a service connected disability; or 04 (B) on active duty in the United States armed forces for [U.S. 05 ARMED FORCES] at least 90 days, unless tenure was shortened due to a 06 service connected disability or due to receiving an early separation upon return 07 from a tour of duty overseas, and has received an honorable discharge or a 08 general discharge under honorable conditions. 09 * Sec. 3. AS 38.05.940(c) is amended to read: 10 (c) A veteran is entitled to only one discount under (a) and (b) of this section 11 during the veteran's lifetime. 12 * Sec. 4. AS 38.05.940 is amended by adding a new subsection to read: 13 (f) An individual is entitled to a discount of one-third of the purchase price of 14 state land sold under this title and classified under this chapter for a use other than 15 commercial or industrial use if the individual has received the most current permanent 16 fund dividend and has assigned all of the dividend, or, if the price of the land is less 17 than the amount of the dividend, the portion of the dividend equal to the price of the 18 land, to the Department of Natural Resources under AS 43.23.061. An individual may 19 not 20 (1) combine a discount under this subsection with a discount under (a) 21 and (b) of this section; or 22 (2) use more than one discount under this subsection each year. 23 * Sec. 5. AS 43.23 is amended by adding a new section to read: 24 Sec. 43.23.061. Assignment of dividend to purchase state land. 25 Notwithstanding AS 43.23.069, the department shall prepare the electronic permanent 26 fund dividend application to allow an applicant who files electronically to direct that 27 all or part of the applicant's dividend payment, less an administrative fee assessed 28 under AS 43.23.071, be assigned to the Department of Natural Resources to be used 29 toward the purchase of state land by the applicant under AS 38.05.045 - 38.05.069. 30 The electronic dividend application form must include notice that an administrative 31 fee will be deducted from the applicant's dividend payment if the applicant directs that
01 the person's dividend payment be used toward the purchase of state land under 02 AS 38.05.045 - 38.05.069. 03 * Sec. 6. AS 43.23.071 is amended to read: 04 Sec. 43.23.071. Fees for processing claims and assignments. The department 05 shall by regulation adopted under AS 44.62 (Administrative Procedure Act) establish 06 fees for processing claims on dividends received by the department under 07 AS 43.23.065, 43.23.067, or 43.23.072 and for processing assignments of dividends 08 received by the department under AS 43.23.061 and 43.23.069(b) [AS 43.23.069(b)]. 09 The fees shall cover the administrative expenses of the department associated with the 10 claims and assignments. Fees shall be deducted from the amount of the dividend 11 remaining after payment of the portion claimed or assigned, or, if the entire dividend 12 is claimed or assigned, the fees shall be deducted before the dividend is paid to the 13 creditor or assignee.