00                      CS FOR HOUSE BILL NO. 158(FIN)                                                                    
01 "An Act relating to contributions from permanent fund dividends to the general and                                      
02 permanent funds."                                                                                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 43.23 is amended by adding a new section to read:                                                  
05 Sec. 43.23.135. Contributions to the general and permanent funds. (a)                                                 
06 Notwithstanding AS 43.23.200, the electronic Alaska permanent fund dividend                                             
07 application must allow an applicant to direct that money be subtracted from the                                         
08 dividend payment and contributed to the state general fund or the principal of the                                      
09 permanent fund. A contribution to the state general fund or the principal of the                                        
10 permanent fund may be $25 or more, in increments of $25, up to the total amount of                                      
11 the permanent fund dividend that the applicant is entitled to receive. If the applicant's                               
12 total amount of contributions under this subsection, when added to the total amount of                                  
13 contributions under AS 43.23.130, exceeds the amount of the permanent fund                                              
14 dividend that the applicant is entitled to receive, contributions under AS 43.23.130                                    

01 shall have priority over contributions under this subsection. The electronic application                                
02 must include notice that seven percent of the money contributed to the state general                                    
03 fund or the principal of the permanent fund will be used for administrative costs                                       
04 incurred in implementing this subsection and that money from the dividend fund will                                     
05       not be used for that purpose.                                                                                     
06 (b)  A public agency that claims a permanent fund dividend on behalf of an                                              
07 individual under AS 43.23.015(e) may not elect to make contributions from the                                           
08       dividend under this section.                                                                                      
09 (c)  In preparing the electronic Alaska permanent fund dividend application,                                            
10       the department shall ensure that the option to make a contribution under this section is                          
11       in a separate section of the application than the option to make a contribution under                             
12       AS 43.23.130.