txt

SSHB 3: "An Act relating to the purchase and sale of state land; relating to discounts for veterans on state land purchases; and relating to the assignment of permanent fund dividends to purchase state land."

00                  SPONSOR SUBSTITUTE FOR 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 the assignment of permanent fund                                      
03 dividends to purchase state land."                                                                                      
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 this section, a veteran shall submit                                
11       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) of this section and                                 
11       one discount under (f) of this section during the veteran's lifetime.                                         
12    * Sec. 4. AS 38.05.940 is amended by adding new subsections to read:                                               
13 (f)  An eligible veteran is entitled to a discount of one-third of the purchase                                         
14 price of state land sold under this title after August 1, 2019, and classified under this                               
15 chapter for a use other than commercial or industrial use if the veteran has received the                               
16 most current permanent fund dividend and has assigned all of the dividend, or, if the                                   
17 price of the land is less than the amount of the dividend, the portion of the dividend                                  
18 equal to the price of the land, to the Department of Natural Resources under                                            
19       AS 43.23.061.                                                                                                     
20 (g)  A discount under this section may not be combined with another discount                                            
21       under this section.                                                                                               
22    * Sec. 5. AS 43.23 is amended by adding a new section to read:                                                     
23 Sec. 43.23.061. Assignment of dividend to purchase state land.                                                        
24 Notwithstanding AS 43.23.200, the department shall prepare the electronic permanent                                     
25 fund dividend application to allow an applicant who files electronically to direct that                                 
26 all or part of the applicant's dividend payment, less an administrative fee assessed                                    
27 under AS 43.23.210, be assigned to the Department of Natural Resources to be used                                       
28 toward the purchase of state land by the applicant under AS 38.05.045 - 38.05.069 or                                    
29 38.05.600. The electronic dividend application form must include notice that an                                         
30 administrative fee will be deducted from the applicant's dividend payment if the                                        
31 applicant directs that the applicant's dividend payment be used toward the purchase of                                  
01       state land under this section.                                                                                    
02    * Sec. 6. AS 43.23.210 is amended to read:                                                                         
03 Sec. 43.23.210. Fees for processing claims and assignments. The department                                            
04 shall by regulation adopted under AS 44.62 (Administrative Procedure Act) establish                                     
05 fees for processing claims on dividends received by the department under                                                
06 AS 43.23.140, 43.23.160, or 43.23.180 and for processing assignments of dividends                                       
07 received by the department under AS 43.23.061 and 43.23.200(b) [AS 43.23.200(b)].                                   
08 The fees shall cover the administrative expenses of the department associated with the                                  
09 claims and assignments. Fees shall be deducted from the amount of the dividend                                          
10       remaining after payment of the portion claimed or assigned, or, if the entire dividend                            
11       is claimed or assigned, the fees shall be deducted before the dividend is paid to the                             
12       creditor or assignee.