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.