00                      CS FOR SENATE BILL NO. 154(FIN)                                                                   
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 43.23.015 is amended by adding a new subsection to read:                                           
04 (k)  Notwithstanding AS 43.23.069, the electronic Alaska permanent fund                                                 
05 dividend application must include a place for the applicant to direct that money be                                     
06 subtracted from the dividend payment and contributed to the state general fund. A                                       
07 contribution to the state general fund may be $25 or more, in increments of $25, up to                                  
08 the total amount of the permanent fund dividend that the applicant is entitled to                                       
09 receive. If the applicant's total amount of contributions under this subsection added to                                
10 the total amount of contributions under AS 43.23.062 exceeds the amount of the                                          
11 permanent fund dividend that the applicant is entitled to receive, contributions under                                  
12 AS 43.23.062 shall have priority over contributions under this subsection. The                                          
13 electronic application must include notice that seven percent of the money contributed                                  
14 to the state general fund will be used for administrative costs incurred in implementing                                
15 this subsection and that no money from the dividend fund will be used for that                                          

01       purpose. A public agency that claims a dividend on behalf of an individual under (e)                              
02       of this section may not elect to make contributions from the dividend under this                                  
03       subsection.