SB 205: "An Act relating to assignments of permanent fund dividends; and providing for an effective date."
00 SENATE BILL NO. 205 01 "An Act relating to assignments of permanent fund dividends; and providing for an 02 effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 05 to read: 06 SHORT TITLE. This Act may be known as the Good Neighbor Act. 07 * Sec. 2. AS 43.23.069(b) is amended to read: 08 (b) A person may assign the right to receive a permanent fund dividend to a 09 federal, state, or municipal government agency, [OR] to a court, or to an 10 organization that qualifies for nonprofit status and is exempt from federal 11 taxation under 26 U.S.C. 501(c)(3) (Internal Revenue Code). 12 * Sec. 3. This Act takes effect January 1, 2004.