HB 361: "An Act relating to permanent fund dividends."

00 HOUSE BILL NO. 361 01 "An Act relating to permanent fund dividends." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 43.23.015 is amended by adding a new subsection to read: 04 (k) The application form for claiming a permanent fund dividend must include 05 a place for the applicant to indicate whether the applicant wants to receive the 06 permanent fund dividend as one lump sum or in monthly payments. 07 * Sec. 2. AS 43.23.055 is amended to read: 08 Sec. 43.23.055. Duties of the department. The department shall 09 (1) annually pay permanent fund dividends from the dividend fund; 10 (2) subject to AS 43.23.011 and paragraph (8) of this section, adopt 11 regulations under AS 44.62 (Administrative Procedure Act) that establish procedures 12 and time limits for claiming a permanent fund dividend; the department shall 13 determine the number of eligible applicants by October 1 of the year for which the 14 dividend is declared and pay the dividends by December 31 of that year; 15 (3) adopt regulations under AS 44.62 (Administrative Procedure Act)

01 that establish procedures and time limits for an individual upon emancipation or upon 02 reaching majority to apply for permanent fund dividends not received during minority 03 because the parent, guardian, or other authorized representative did not apply on 04 behalf of the individual; 05 (4) assist residents of the state, particularly in rural areas, who because 06 of language, disability, or inaccessibility to public transportation need assistance to 07 establish eligibility and to apply for permanent fund dividends; 08 (5) use a list of individuals ineligible for a dividend under 09 AS 43.23.005(d) provided annually by the Department of Corrections and the 10 Department of Public Safety to determine the number and identity of those 11 individuals; 12 (6) adopt regulations that are necessary to implement AS 43.23.005(d); 13 (7) adopt regulations that establish procedures for the parent, guardian, 14 or other authorized representative of a disabled individual to apply for prior year 15 permanent fund dividends not received by the disabled individual because no 16 application was submitted on behalf of the individual; 17 (8) adopt regulations that establish procedures for an individual to 18 apply to have a dividend disbursement under AS 37.25.050(a)(2) reissued if it is not 19 collected within two years after the date of its issuance; however, the department may 20 not establish a time limit within which an application to have a disbursement reissued 21 must be filed; 22 (9) provide any information, upon request, contained in permanent 23 fund dividend records to the child support services agency created in AS 25.27.010, or 24 the child support enforcement agency of another state, for child support purposes 25 authorized under law; if the information is contained in an electronic data base, the 26 department shall provide the requesting agency with either 27 (A) access to the data base; or 28 (B) a copy of the information in the data base and a statement 29 certifying its contents; 30 (10) establish a fraud investigation unit for the purpose of assisting the 31 (A) Department of Law in the prosecution of individuals who

01 apply for or obtain a permanent fund dividend in violation of a provision in 02 AS 11, by detecting and investigating those crimes; and 03 (B) commissioner to detect and investigate the claiming or 04 paying of permanent fund dividends that should not have been claimed by or 05 paid to an individual and to impose the penalties and enforcement provisions 06 under AS 43.23.035; 07 (11) adopt regulations under AS 44.62 (Administrative Procedure 08 Act) that establish procedures to allow a person to receive a permanent fund 09 dividend in monthly installments.