00HOUSE BILL NO. 503                                                                                                      
01 "An Act relating to contributions from permanent fund dividends."                                                       
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1.  AS 43.23 is amended by adding a new section to read:                                                   
04  Sec. 43.23.017.  CONTRIBUTIONS FROM DIVIDENDS.  (a)                                                                   
05 Notwithstanding AS 43.23.069, the department shall prepare the permanent fund                                           
06 dividend application to allow an applicant to direct that money be subtracted from the                                  
07 dividend check and contributed to one or more nonprofit corporations that appear on                                     
08 the contribution list contained in the application.  A contribution to a nonprofit                                      
09 corporation may be $25, $50, $100, $500, or the total amount the applicant is entitled                                  
10 to, as indicated on the application.  If the applicant directs that a contribution be made                              
11 but fails to specify the amount contributed, the contribution direction is invalid and                                  
12 shall be treated by the department as though it had not been made.  If the total amount                                 
13 of contributions elected by an applicant exceeds the permanent fund dividend amount                                     
14 that the applicant is entitled to receive, contributions shall be deducted from the                                     

01 dividend in the order the corporations elected by the applicant appear on the                                           
02 contribution list until the entire dividend amount that the applicant is entitled to receive                            
03 is allocated for contributions.                                                                                         
04  (b)  A nonprofit corporation organized under the law of this state may petition                                       
05 the department to have its name appear on the contribution list contained in the                                        
06 permanent fund dividend application.  The petition must be signed by at least 10,000                                    
07 adult individuals who received permanent fund dividends for the year immediately                                        
08 before the year the petition is submitted to the department.  If the department receives                                
09 a valid petition by July 1 of a year and if the nonprofit corporation is operating and                                  
10 has not dissolved, the nonprofit corporation shall appear on the contribution list for the                              
11 immediately following dividend year.                                                                                    
12  (c)  A nonprofit corporation that appears on the contribution list for a dividend                                     
13 year under (b) of this section may apply to appear on the list each year thereafter.  The                               
14 application form shall be prepared by the department, and the department may request                                    
15 proof that the corporation is operating and has not dissolved.  If the department                                       
16 receives an application by July 1 of a year and if the nonprofit corporation is operating                               
17 and has not dissolved, the nonprofit corporation shall appear on the contribution list                                  
18 for the immediately following dividend year.                                                                            
19  (d)  Nonprofit corporations on the contribution list shall appear in random                                           
20 order, and the order shall be changed every year.  Notwithstanding (b) or (c) of this                                   
21 section, a nonprofit corporation that has been convicted of a state or federal crime may                                
22 not appear on the contribution list.