00CS FOR HOUSE BILL NO. 364(FIN)                                                                                          
01 "An Act relating to contributions from permanent fund dividends; and providing                                          
02 for an effective date."                                                                                                 
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  CONTRIBUTIONS FROM PERMANENT FUND DIVIDENDS.  (a)                                                      
05 Notwithstanding AS 43.23.069, the Department of Revenue shall prepare the permanent fund                                
06 dividend application to allow an applicant to elect to have $10 subtracted from the applicant's                         
07 dividend for contribution to the Iditarod Trail Committee, Inc., to be used by the committee                            
08 for conducting dog mushing races and promoting the state sport, and to be used by the                                   
09 Department of Revenue for administrative costs incurred by the department in implementing                               
10 this section.  Contributions shall be deposited in an Iditarod Trail Committee contribution                             
11 account.  In accordance with an appropriation for the purpose, the department shall use money                           
12 in the account to pay for the administrative costs incurred by the department in implementing                           
13 this section.  The balance in the account shall be delivered by the department to the Iditarod                          
14 Trail Committee, Inc., at least every six months.                                                                       

01  (b)  Notwithstanding AS 43.23.069, the Department of Revenue shall prepare the                                         
02 permanent fund dividend application to allow an applicant to elect to have $10 subtracted from                          
03 the applicant's dividend for contribution to the Alaska children's trust fund (AS 37.14.200)                            
04 and to be used by the Department of Revenue for administrative costs incurred by the                                    
05 department in implementing this section.  Contributions shall be deposited in an Alaska                                 
06 children's trust fund contribution account.  In accordance with an appropriation for the                                
07 purpose, the department shall use money in the account to pay for the administrative costs                              
08 incurred by the department in implementing this section.  The balance in the account shall be                           
09 deposited by the department in the Alaska children's trust fund at least every six months.                              
10  (c)  This section applies only to dividends for 1995, 1996, and 1997.                                                  
11    * Sec. 2.  This Act takes effect January 1, 1995.