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HB 3: "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. 3                                                                           
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 combine a discount under this subsection with a discount under (a) and (b) of this                                  
20       section.                                                                                                          
21    * Sec. 5. AS 43.23 is amended by adding a new section to read:                                                     
22 Sec. 43.23.061. Assignment of dividend to purchase state land.                                                        
23 Notwithstanding AS 43.23.200, the department shall prepare the electronic permanent                                     
24 fund dividend application to allow an applicant who files electronically to direct that                                 
25 all or part of the applicant's dividend payment, less an administrative fee assessed                                    
26 under AS 43.23.210, be assigned to the Department of Natural Resources to be used                                       
27 toward the purchase of state land by the applicant under AS 38.05.045 - 38.05.069.                                      
28 The electronic dividend application form must include notice that an administrative                                     
29 fee will be deducted from the applicant's dividend payment if the applicant directs that                                
30 the person's dividend payment be used toward the purchase of state land under                                           
31       AS 38.05.045 - 38.05.069.                                                                                         
01    * Sec. 6. AS 43.23.210 is amended to read:                                                                         
02 Sec. 43.23.210. Fees for processing claims and assignments. The department                                            
03 shall by regulation adopted under AS 44.62 (Administrative Procedure Act) establish                                     
04 fees for processing claims on dividends received by the department under                                                
05 AS 43.23.140, 43.23.160, or 43.23.180 and for processing assignments of dividends                                       
06 received by the department under AS 43.23.061 and 43.23.200(b) [AS 43.23.200(b)].                                   
07 The fees shall cover the administrative expenses of the department associated with the                                  
08 claims and assignments. Fees shall be deducted from the amount of the dividend                                          
09 remaining after payment of the portion claimed or assigned, or, if the entire dividend                                  
10       is claimed or assigned, the fees shall be deducted before the dividend is paid to the                             
11       creditor or assignee.