CSSSHB 3(RES): "An Act relating to the purchase and sale of state land; relating to discounts for veterans on state land purchases; relating to the assignment of permanent fund dividends to purchase state land; and providing for an effective date."
00 CS FOR SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 3(RES) 01 "An Act relating to the purchase and sale of state land; relating to discounts for 02 veterans on state land purchases; relating to the assignment of permanent fund 03 dividends to purchase state land; and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 38.05.940(a) is amended to read: 06 (a) An eligible veteran is entitled to a discount of one-third of [25 PERCENT 07 ON] the purchase price of state land sold under this title and classified under this 08 chapter [AS 38.05.005 - 38.05.270] for a use other than commercial or industrial use. 09 * Sec. 2. AS 38.05.940(b) is amended to read: 10 (b) To be eligible for a discount under this section, a veteran shall submit 11 proof, as required by regulation, that the veteran 12 (1) is 18 years of age or older on the date of sale; 13 (2) has been a state resident for a period of not less than one year 14 immediately preceding the date of sale; and
01 (3) has served 02 (A) in the Alaska Territorial Guard for at least 90 days, unless 03 the service was shortened due to a service connected disability; or 04 (B) on active duty in the United States armed forces for [U.S. 05 ARMED FORCES] at least 90 days, unless tenure was shortened due to a 06 service connected disability or due to receiving an early separation upon return 07 from a tour of duty overseas, and has received an honorable discharge or a 08 general discharge under honorable conditions. 09 * Sec. 3. AS 38.05.940 is amended by adding a new subsection to read: 10 (f) A discount under this section may not be combined with another veteran's 11 discount under this section. 12 * Sec. 4. AS 43.23 is amended by adding a new section to read: 13 Sec. 43.23.061. Assignment of dividend to purchase state land. 14 Notwithstanding AS 43.23.200, the department shall prepare the electronic permanent 15 fund dividend application to allow an applicant who files electronically to direct that 16 all or part of the applicant's dividend payment, less an administrative fee assessed 17 under AS 43.23.210, be assigned to the Department of Natural Resources to be used 18 toward the purchase of state land by the applicant under AS 38.05.045 - 38.05.069 or 19 38.05.600. The electronic dividend application form must include notice that an 20 administrative fee will be deducted from the applicant's dividend payment if the 21 applicant directs that the applicant's dividend payment be used toward the purchase of 22 state land under this section. 23 * Sec. 5. AS 43.23.210 is amended to read: 24 Sec. 43.23.210. Fees for processing claims and assignments. The department 25 shall by regulation adopted under AS 44.62 (Administrative Procedure Act) establish 26 fees for processing claims on dividends received by the department under 27 AS 43.23.140, 43.23.160, or 43.23.180 and for processing assignments of dividends 28 received by the department under AS 43.23.061 and 43.23.200(b) [AS 43.23.200(b)]. 29 The fees shall cover the administrative expenses of the department associated with the 30 claims and assignments. Fees shall be deducted from the amount of the dividend 31 remaining after payment of the portion claimed or assigned, or, if the entire dividend
01 is claimed or assigned, the fees shall be deducted before the dividend is paid to the 02 creditor or assignee. 03 * Sec. 6. The uncodified law of the State of Alaska is amended by adding a new section to 04 read: 05 VETERANS' DISCOUNT; APPLICABILITY. Notwithstanding the amendment of 06 AS 38.05.940(a) by sec. 1 of this Act, AS 38.05.940(a), as it read on July 31, 2019, applies to 07 discounted land sales to eligible veterans under AS 38.05 that occurred on or before July 31, 08 2019. 09 * Sec. 7. This Act takes effect August 1, 2019.