00                             SENATE BILL NO. 254                                                                         
01 "An Act relating to a summary on individual permanent fund dividend disbursement                                        
02 advice stubs; and providing for an effective date."                                                                     
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 43.23.028(a) is amended to read:                                                                   
05 (a)  By October 1 of each year, the commissioner shall give public notice of                                            
06 the value of each permanent fund dividend for that year and notice of the information                                   
07 required to be disclosed under (3) of this subsection. In addition, the stub attached to                                
08       each individual dividend disbursement advice must                                                                 
09                 (1)  disclose the amount of each dividend attributable to income earned                                 
10       by the permanent fund from deposits to that fund required under art. IX, sec. 15,                                 
11       Constitution of the State of Alaska;                                                                              
12                 (2)  disclose the amount of each dividend attributable to income earned                                 
13       by the permanent fund from appropriations to that fund and from amounts added to                                  
14       that fund to offset the effects of inflation;                                                                     
01 (3)  disclose the amount by which each dividend has been reduced due                                                    
02 to each appropriation from the dividend fund, including amounts to pay the costs of                                     
03 administering the dividend program and the hold harmless provisions of                                                  
04       AS 43.23.240;                                                                                                     
05                 (4)  include a statement that an individual is not eligible for a dividend                              
06       when                                                                                                              
07                      (A)  during the qualifying year, the individual was convicted of                                   
08            a felony;                                                                                                    
09                      (B)  during all or part of the qualifying year, the individual was                                 
10            incarcerated as a result of the conviction of a                                                              
11                           (i)  felony; or                                                                               
12 (ii)  misdemeanor if the individual has been convicted of                                                               
13                 a prior felony or two or more prior misdemeanors;                                                       
14 (5)  include a statement that the legislative purpose for making                                                        
15       individuals listed under (4) of this subsection ineligible is to                                                  
16 (A)  provide funds for services for and payments to crime                                                               
17            victims and operating costs of the Violent Crimes Compensation Board;                                        
18                      (B)  provide funds to pay restitution owed to crime victims;                                       
19 (C)  provide funds for grants to nonprofit organizations for                                                            
20 services for crime victims and for mental health services and substance abuse                                           
21            treatment for offenders;                                                                                     
22                      (D)  provide funds for the office of victims' rights;                                              
23 (E)  provide funds to the Council on Domestic Violence and                                                              
24 Sexual Assault for grants for the operation of domestic violence and sexual                                             
25            assault programs; and                                                                                        
26 (F)  obtain reimbursement for some of the costs imposed on the                                                          
27 Department of Corrections related to incarceration or probation of those                                                
28            individuals;                                                                                                 
29 (6)  disclose the total amount that would have been paid during the                                                     
30 previous fiscal year to individuals who were ineligible to receive dividends under                                      
31       AS 43.23.005(d) if they had been eligible;                                                                        
01 (7)  disclose the total amount transferred or appropriated for the current                                              
02 fiscal year under AS 43.23.048 for each of the accounts, funds, and agencies listed in                                  
03       AS 43.23.048;                                                                                                 
04 (8)  disclose the total amount of appropriations for operating and                                                  
05 capital expenditures for the current fiscal year, including the total amount of                                     
06 state funds and the total amount of federal receipts appropriated, and disclose                                     
07 the amount resulting from dividing the total amount of appropriations for                                           
08 operating and capital expenditures by the total number of dividends issued in the                                   
09       current fiscal year;                                                                                          
10 (9)  list the five departments that have the highest total                                                          
11 appropriations for operating and capital expenditures, ranking the departments                                      
12 in order of total amount of appropriations, and disclose the total amount of state                                  
13 operating and capital appropriations to those departments for the current fiscal                                    
14 year, as well as the total amount of state funds and the total amount of federal                                    
15       receipts appropriated for each department listed;                                                             
16 (10)  disclose the total amount of federal and state revenue for the                                                
17       current fiscal year, including the total amount of revenue from                                               
18 (A)  mineral lease rentals, royalties, royalty sale proceeds,                                                       
19 and federal mineral revenue sharing payments and bonuses received by                                                
20            the state;                                                                                               
21 (B)  the amount appropriated from the earnings reserve                                                              
22            account to the general fund under AS 37.13.145(e);                                                       
23                      (C)  federal receipts; and                                                                     
24                      (D)  all other state revenue; and                                                              
25 (11)  disclose the amount resulting from dividing the total amount                                                  
26 of federal and state revenue by the total number of dividends issued in the                                         
27       current fiscal year.                                                                                          
28    * Sec. 2. This Act takes effect January 1, 2027.