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SENATE BILL NO. 254
IN THE LEGISLATURE OF THE STATE OF ALASKA
THIRTY-FOURTH LEGISLATURE - SECOND SESSION
BY SENATOR MYERS
Introduced: 2/19/26
Referred: State Affairs, Finance
A BILL
FOR AN ACT ENTITLED
"An Act relating to a summary on individual permanent fund dividend disbursement 1
advice stubs; and providing for an effective date." 2
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 3
* Section 1. AS 43.23.028(a) is amended to read: 4
(a) By October 1 of each year, the commissioner shall give public notice of 5
the value of each permanent fund dividend for that year and notice of the information 6
required to be disclosed under (3) of this subsection. In addition, the stub attached to 7
each individual dividend disbursement advice must 8
(1) disclose the amount of each dividend attributable to income earned 9
by the permanent fund from deposits to that fund required under art. IX, sec. 15, 10
Constitution of the State of Alaska; 11
(2) disclose the amount of each dividend attributable to income earned 12
by the permanent fund from appropriations to that fund and from amounts added to 13
that fund to offset the effects of inflation; 14
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(3) disclose the amount by which each dividend has been reduced due 1
to each appropriation from the dividend fund, including amounts to pay the costs of 2
administering the dividend program and the hold harmless provisions of 3
AS 43.23.240; 4
(4) include a statement that an individual is not eligible for a dividend 5
when 6
(A) during the qualifying year, the individual was convicted of 7
a felony; 8
(B) during all or part of the qualifying year, the individual was 9
incarcerated as a result of the conviction of a 10
(i) felony; or 11
(ii) misdemeanor if the individual has been convicted of 12
a prior felony or two or more prior misdemeanors; 13
(5) include a statement that the legislative purpose for making 14
individuals listed under (4) of this subsection ineligible is to 15
(A) provide funds for services for and payments to crime 16
victims and operating costs of the Violent Crimes Compensation Board; 17
(B) provide funds to pay restitution owed to crime victims; 18
(C) provide funds for grants to nonprofit organizations for 19
services for crime victims and for mental health services and substance abuse 20
treatment for offenders; 21
(D) provide funds for the office of victims' rights; 22
(E) provide funds to the Council on Domestic Violence and 23
Sexual Assault for grants for the operation of domestic violence and sexual 24
assault programs; and 25
(F) obtain reimbursement for some of the costs imposed on the 26
Department of Corrections related to incarceration or probation of those 27
individuals; 28
(6) disclose the total amount that would have been paid during the 29
previous fiscal year to individuals who were ineligible to receive dividends under 30
AS 43.23.005(d) if they had been eligible; 31
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(7) disclose the total amount transferred or appropriated for the current 1
fiscal year under AS 43.23.048 for each of the accounts, funds, and agencies listed in 2
AS 43.23.048; 3
(8) disclose the total amount of appropriations for operating and 4
capital expenditures for the current fiscal year, including the total amount of 5
state funds and the total amount of federal receipts appropriated, and disclose 6
the amount resulting from dividing the total amount of appropriations for 7
operating and capital expenditures by the total number of dividends issued in the 8
current fiscal year; 9
(9) list the five departments that have the highest total 10
appropriations for operating and capital expenditures, ranking the departments 11
in order of total amount of appropriations, and disclose the total amount of state 12
operating and capital appropriations to those departments for the current fiscal 13
year, as well as the total amount of state funds and the total amount of federal 14
receipts appropriated for each department listed; 15
(10) disclose the total amount of federal and state revenue for the 16
current fiscal year, including the total amount of revenue from 17
(A) mineral lease rentals, royalties, royalty sale proceeds, 18
and federal mineral revenue sharing payments and bonuses received by 19
the state; 20
(B) the amount appropriated from the earnings reserve 21
account to the general fund under AS 37.13.145(e); 22
(C) federal receipts; and 23
(D) all other state revenue; and 24
(11) disclose the amount resulting from dividing the total amount 25
of federal and state revenue by the total number of dividends issued in the 26
current fiscal year. 27
* Sec. 2. This Act takes effect January 1, 2027. 28