HB 158: "An Act relating to contributions from permanent fund dividends to the general fund."
00 HOUSE BILL NO. 158 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 is amended by adding a new section to read: 04 Sec. 43.23.135. Contributions to the general fund. (a) Notwithstanding 05 AS 43.23.200, the electronic Alaska permanent fund dividend application must allow 06 an applicant to direct that money be subtracted from the dividend payment and 07 contributed to the state general fund. A contribution to the state general fund may be 08 $25 or more, in increments of $25, up to the total amount of the permanent fund 09 dividend that the applicant is entitled to receive. If the applicant's total amount of 10 contributions under this subsection, when added to the total amount of contributions 11 under AS 43.23.130, exceeds the amount of the permanent fund dividend that the 12 applicant is entitled to receive, contributions under AS 43.23.130 shall have priority 13 over contributions under this subsection. The electronic application must include 14 notice that seven percent of the money contributed to the state general fund will be 15 used for administrative costs incurred in implementing this subsection and that money
01 from the dividend fund will not be used for that purpose. 02 (b) A public agency that claims a permanent fund dividend on behalf of an 03 individual under AS 43.23.015(e) may not elect to make contributions from the 04 dividend under this section. 05 (c) In preparing the electronic Alaska permanent fund dividend application, 06 the department shall ensure that the option to make a contribution under this section is 07 in a separate section of the application than the option to make a contribution under 08 AS 43.23.130.