Alaska2026Passed Legislature
SB240
Senior Citizen Grants Dividend Raffle Act
Last scannedSep 14, 2026, 12:32 AM
In one sentence
This bill creates new funds allowing people donating their Permanent Fund Dividends to support senior citizens and enter a raffle, while updating the legal definition of gambling.
What it does
- Creates two new accounts: the Senior Citizen Grants Endowment Fund and the Senior Citizen Grants Dividend Raffle Fund.
- Allows donations from permanent fund dividends for grants to organizations that provide support for senior citizens.
- Provides an option on dividend applications for entry into the senior citizen grants dividend raffle when donating funds.
- Updates the legal definition of 'gambling' so it does not include a permanent fund dividend raffle authorized under specific state laws.
- Requires the Department of Revenue to adopt regulations establishing priority rules if donation choices exceed the total dividend amount.
Who it affects
- Alaska residents who receive Permanent Fund Dividends
- Organizations that provide support services for senior citizens
- The Alaska Department of Revenue
Limits and unknowns
- The provided text does not list the exact prize amounts available in the raffle.
- The full details of how grants will be distributed to senior citizen organizations are cut off at the end of the source text.
- No specific effective date is listed in the official metadata or summary.
Plain language
Terms to know
- Permanent Fund Dividend
- An annual payment made by the state to eligible residents.
- Endowment Fund
- A fund created in this bill where money is kept and invested for specific purposes, such as supporting senior citizens.
Official record
Sources
Official summary
SENIOR CITIZEN GRANTS DIVIDEND RAFFLE An Act relating to permanent fund dividend raffles; creating the senior citizen grants endowment fund and the senior citizen grants dividend raffle fund; authorizing donations from permanent fund dividends for grants to organizations that provide support for senior citizens and for entry into the senior citizen grants dividend raffle; relating to transfers from the senior citizen grants endowment fund and the senior citizen grants dividend raffle fund; relating to the duties of the Department of Revenue; and relating to the definition of 'gambling.'
Official activity
Bill history
- (S) Heard & HeldText
- (S) HEALTH & SOCIAL SERVICES at 03:30 PM BUTROVICH 205Text
- (S) REFERRED TO HEALTH & SOCIAL SERVICES1661
- (S) HSS, FIN1661
- (S) READ THE FIRST TIME - REFERRALS1661