HB 340: "An Act relating to the permanent fund dividend; relating to eligibility for public assistance and state programs; and providing for an effective date."
00 HOUSE BILL NO. 340 01 "An Act relating to the permanent fund dividend; relating to eligibility for public 02 assistance and state programs; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 43.23.025(a) is amended to read: 05 (a) By October 1 of each year, the commissioner shall determine the value of 06 each permanent fund dividend for that year by 07 (1) determining the total amount available for dividend payments, 08 which equals 09 (A) the amount of income of the Alaska permanent fund 10 transferred to the dividend fund under AS 37.13.145(b) during the current year; 11 (B) plus the unexpended and unobligated balances of prior 12 fiscal year appropriations that lapse into the dividend fund under 13 AS 43.23.045(d); 14 (C) less the amount necessary to pay prior year dividends from
01 the dividend fund in the current year under AS 43.23.005(h), 43.23.021, and 02 43.23.055(3) and (7); 03 (D) less the amount necessary to pay dividends from the 04 dividend fund due to eligible applicants who, as determined by the department, 05 filed for a previous year's dividend by the filing deadline but who were not 06 included in a previous year's dividend computation; 07 (E) less appropriations from the dividend fund during the 08 current year, including amounts to pay costs of administering the dividend 09 program [AND THE HOLD HARMLESS PROVISIONS OF AS 43.23.240]; 10 (2) determining the number of individuals eligible to receive a 11 dividend payment for the current year and the number of estates and successors 12 eligible to receive a dividend payment for the current year under AS 43.23.005(h); and 13 (3) dividing the amount determined under (1) of this subsection by the 14 amount determined under (2) of this subsection. 15 * Sec. 2. AS 43.23.028(a) is amended to read: 16 (a) By October 1 of each year, the commissioner shall give public notice of 17 the value of each permanent fund dividend for that year and notice of the information 18 required to be disclosed under (3) of this subsection. In addition, the stub attached to 19 each individual dividend disbursement advice must 20 (1) disclose the amount of each dividend attributable to income earned 21 by the permanent fund from deposits to that fund required under art. IX, sec. 15, 22 Constitution of the State of Alaska; 23 (2) disclose the amount of each dividend attributable to income earned 24 by the permanent fund from appropriations to that fund and from amounts added to 25 that fund to offset the effects of inflation; 26 (3) disclose the amount by which each dividend has been reduced due 27 to each appropriation from the dividend fund, including amounts to pay the costs of 28 administering the dividend program [AND THE HOLD HARMLESS PROVISIONS 29 OF AS 43.23.240]; 30 (4) include a statement that an individual is not eligible for a dividend 31 when
01 (A) during the qualifying year, the individual was convicted of 02 a felony; 03 (B) during all or part of the qualifying year, the individual was 04 incarcerated as a result of the conviction of a 05 (i) felony; or 06 (ii) misdemeanor if the individual has been convicted of 07 a prior felony or two or more prior misdemeanors; 08 (5) include a statement that the legislative purpose for making 09 individuals listed under (4) of this subsection ineligible is to 10 (A) provide funds for services for and payments to crime 11 victims and operating costs of the Violent Crimes Compensation Board; 12 (B) provide funds to pay restitution owed to crime victims; 13 (C) provide funds for grants to nonprofit organizations for 14 services for crime victims and for mental health services and substance abuse 15 treatment for offenders; 16 (D) provide funds for the office of victims' rights; 17 (E) provide funds to the Council on Domestic Violence and 18 Sexual Assault for grants for the operation of domestic violence and sexual 19 assault programs; and 20 (F) obtain reimbursement for some of the costs imposed on the 21 Department of Corrections related to incarceration or probation of those 22 individuals; 23 (6) disclose the total amount that would have been paid during the 24 previous fiscal year to individuals who were ineligible to receive dividends under 25 AS 43.23.005(d) if they had been eligible; 26 (7) disclose the total amount transferred or appropriated for the current 27 fiscal year under AS 43.23.048 for each of the accounts, funds, and agencies listed in 28 AS 43.23.048. 29 * Sec. 3. AS 43.23.240 and 43.23.250 are repealed. 30 * Sec. 4. This Act takes effect January 1, 2023.