00 HOUSE BILL NO. 499
01 "An Act relating to contributions from permanent fund dividends for the Alaska
02 children's trust fund; and providing for an effective date."
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. 43.23.017. CONTRIBUTIONS FROM DIVIDENDS. Notwithstanding
06 AS 43.23.069, the department shall prepare the permanent fund dividend application
07 to allow an applicant to elect to have $10 subtracted from the applicant's dividend for
08 contribution to the Alaska children's trust fund (AS 37.14.200) and to be used for
09 administrative costs incurred by the department in implementing this section.
10 Contributions shall be deposited in an Alaska children's trust fund contribution
11 account. In accordance with an appropriation for the purpose, the department shall use
12 money in the account to pay for the administrative costs incurred by the department
13 in implementing this section. The balance in the account shall be deposited by the
14 department into the Alaska children's trust fund at least every six months.
01 * Sec. 2. This Act takes effect January 1, 1997.