CSSB 154(FIN): "An Act relating to contributions from permanent fund dividends to the general fund."
00 CS FOR SENATE BILL NO. 154(FIN) 01 "An Act relating to contributions from permanent fund dividends to the general fund." 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) Notwithstanding AS 43.23.069, the electronic Alaska permanent fund 05 dividend application must include a place for the applicant to direct that money be 06 subtracted from the dividend payment and contributed to the state general fund. A 07 contribution to the state general fund may be $25 or more, in increments of $25, up to 08 the total amount of the permanent fund dividend that the applicant is entitled to 09 receive. If the applicant's total amount of contributions under this subsection added to 10 the total amount of contributions under AS 43.23.062 exceeds the amount of the 11 permanent fund dividend that the applicant is entitled to receive, contributions under 12 AS 43.23.062 shall have priority over contributions under this subsection. The 13 electronic application must include notice that seven percent of the money contributed 14 to the state general fund will be used for administrative costs incurred in implementing 15 this subsection and that no money from the dividend fund will be used for that
01 purpose. A public agency that claims a dividend on behalf of an individual under (e) 02 of this section may not elect to make contributions from the dividend under this 03 subsection.