Alaska2026Passed Legislature

HB327

Renaming Alaska's Permanent Fund Dividend to Resource Dividend

Last scannedSep 21, 2026, 12:32 AM

In one sentence

This bill changes the official name of the annual payment given to eligible Alaskans from 'Permanent Fund dividend' to 'resource dividend' in state laws.

Changes the legal term for the annual resident payment from Permanent Fund dividend to resource dividend across multiple sections of law.
Updates rules so that a person's resource dividend cannot be taken by creditors or counted as liquid assets when calculating debt limits.
Clarifies laws against lying on applications, stating it is a crime to give false information when applying for the resource dividend.
Excludes the resource dividend raffle from state definitions of illegal gambling activities.
Allows courts and universities to take money directly from a person's resource dividend to pay unpaid fines, surcharges, or tuition debts.

Alaska residents who are eligible to receive the annual dividend payment.
Courts handling cases involving unpaid fines, fees, or criminal sentences related to dividends.
The University of Alaska regarding collection of overdue student accounts.
State agencies that process applications and enforce laws about false information.

The provided text does not state the exact date these name changes will take effect.
The official text excerpt ends before Section 12 is complete, so some details about fund management may be missing from this summary.

Plain language

Resource dividend: The new official name for the annual payment previously called the Permanent Fund dividend, given to eligible Alaska residents.
Liquid assets: Money or property that can be quickly turned into cash; this bill says resource dividends do not count as liquid assets when calculating debt limits.

Official record

Validated

RENAME PFD RESOURCE DIVIDEND An Act relating to dividends for state residents; relating to the dividend fund; and providing for an effective date.

Official activity