00                            SENATE BILL NO. 154                                                                         
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, to the peace officer and firefighter survivors' fund, or                       
08 to one or more of the educational organizations, community foundations, or charitable                                   
09 organizations that appear on the contribution list contained in the application. A                                      
10 contribution to the general fund, to the peace officer and firefighter survivors' fund,                         
11 or to an organization may be $25, $50, $75, $100, or more, in increments of $50, up to                                  
12 the total amount of the permanent fund dividend that the applicant is entitled to                                       
13 receive. If the total amount of contributions elected by an applicant exceeds the                                       
14 amount of the permanent fund dividend that the applicant is entitled to receive,                                        
15 contributions shall be deducted from the dividend in the order of priority elected by                                   

01 the applicant on the application until the entire amount of the dividend that the                                       
02 applicant is entitled to receive is allocated for contribution. The electronic dividend                                 
03 application form must include notice that seven percent of the money contributed will                                   
04 be used for administrative costs incurred in implementing this section, and money                                       
05       from the dividend fund will not be used for that purpose.                                                         
06    * Sec. 2. AS 43.23.062(b) is amended to read:                                                                      
07 (b)  The department shall list each educational organization, community                                                 
08 foundation, or charitable organization eligible under (c) and (d) of this section, each                                 
09 university campus that applies under (l) of this section, the general fund, and the                                 
10 peace officer and firefighter survivors' fund on the contribution list. The department                                  
11 shall maintain an electronic database for the contribution list that is accessible to the                               
12 public and that permits searches by organization or fund name, geographic location,                                     
13 and type. The department shall provide a statement of the contributions made by an                                      
14 individual that is suitable for federal income tax purposes to each individual who                                      
15       elects to contribute under (a) of this section                                                                    
16    * Sec. 3. AS 43.23.062(m) is amended to read:                                                                      
17 (m)  In addition to the application fee in (f) of this section, the department shall                                    
18 withhold a coordination fee from each organization, foundation, or university campus                                    
19 that receives contributions under this section in the immediately preceding dividend                                    
20 year. The coordination fee for an organization, foundation, or university campus that                                   
21 receives contributions under this section shall be seven percent of the amount of                                       
22 contributions reported by the department under (j) of this section for the organization,                                
23 foundation, or university campus for the immediately preceding dividend year. The                                       
24 coordination fee shall be separately accounted for under AS 37.05.142 and shall be                                      
25 accounted for separately from the application fee collected under (f) of this section.                                  
26 The annual estimated balance in the account maintained under AS 37.05.142 for                                           
27 coordination fees collected under this subsection may be appropriated for costs of                                      
28 administering this section. The department may not withhold a coordination fee for                                      
29 contributions to the general fund or to the peace officer and firefighter survivors'                                
30       fund.