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SB 169: "An Act relating to residential prepaid rent and security deposits; and providing for an effective date."

00 SENATE BILL NO. 169 01 "An Act relating to residential prepaid rent and security deposits; and providing for an 02 effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 34.03.070(a) is amended to read: 05 (a) Except as provided in (h) of this section, a landlord may not demand or 06 receive prepaid rent or a security deposit, however denominated, in an amount or 07 value in excess of one-half of one month's [TWO MONTHS'] periodic rent. [THIS 08 SECTION DOES NOT APPLY TO RENTAL UNITS WHERE THE RENT 09 EXCEEDS $2,000 A MONTH.] 10 * Sec. 2. This Act takes effect January 1, 2025.