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SB 92: "An Act relating to contributions from permanent fund dividends to the general fund."

00                             SENATE BILL NO. 92                                                                          
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 43.23.130(a) is amended to read:                                                                   
04 (a)  Notwithstanding AS 43.23.200, 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 crime victim compensation fund (AS 18.67.162), the peace officer                                     
08 and firefighter survivors' fund, the general fund, or one or more of the educational                                
09 organizations, community foundations, or charitable organizations that appear on the                                    
10 contribution list contained in the application. A contribution to the crime victim                                      
11 compensation fund, the peace officer and firefighter survivors' fund, the general fund,                             
12 or to an organization may be $25, $50, $75, $100, or more, in increments of $50, up to                                  
13 the total amount of the permanent fund dividend that the applicant is entitled to                                       
14 receive. If the total amount of contributions elected by an applicant exceeds the                                       
15 amount of the permanent fund dividend that the applicant is entitled to receive,                                        
01 contributions shall be deducted from the dividend in the order of priority elected by                                   
02 the applicant on the application until the entire amount of the dividend that the                                       
03 applicant is entitled to receive is allocated for contribution. The electronic dividend                                 
04 application form must include notice that seven percent of the money contributed will                                   
05 be used for administrative costs incurred in implementing this section, and money                                       
06       from the dividend fund will not be used for that purpose.                                                         
07    * Sec. 2. AS 43.23.130(b) is amended to read:                                                                      
08 (b)  The department shall list each educational organization, community                                                 
09 foundation, or charitable organization eligible under (c) and (d) of this section, each                                 
10 university campus that applies under (l) of this section, the crime victim compensation                                 
11 fund, [AND] the peace officer and firefighter survivors' fund, and the general fund                                 
12 on the contribution list. The department shall maintain an electronic database for the                                  
13 contribution list that is accessible to the public and that permits searches by                                         
14 organization or fund name, geographic location, and type. The department shall                                          
15 provide a statement of the contributions made by an individual that is suitable for                                     
16 federal income tax purposes to each individual who elects to contribute under (a) of                                    
17       this section.                                                                                                     
18    * Sec. 3. AS 43.23.130(j) is amended to read:                                                                      
19 (j)  By January 20 of each year, the department shall prepare a report                                                  
20 identifying the organizations and funds on the contribution list for the immediately                                
21 preceding year, together with the amount of contributions made to each of the                                           
22       organizations and funds, and shall notify the legislature that the report is available.                       
23    * Sec. 4. AS 43.23.130(m) is amended to read:                                                                      
24 (m)  In addition to the application fee in (f) of this section, the department shall                                    
25 withhold a coordination fee from each organization, foundation, or university campus                                    
26 that receives contributions under this section in the immediately preceding dividend                                    
27 year. The coordination fee for an organization, foundation, or university campus that                                   
28 receives contributions under this section shall be seven percent of the amount of                                       
29 contributions reported by the department under (j) of this section for the organization,                                
30 foundation, or university campus for the immediately preceding dividend year. The                                       
31 coordination fee shall be separately accounted for under AS 37.05.142 and shall be                                      
01 accounted for separately from the application fee collected under (f) of this section.                                  
02 The annual estimated balance in the account maintained under AS 37.05.142 for                                           
03 coordination fees collected under this subsection may be appropriated for costs of                                      
04 administering this section. The department may not withhold a coordination fee for                                      
05 contributions to the crime victim compensation fund, [OR] the peace officer and                                     
06       firefighter survivors' fund, or the general fund.