Section 43.23.025. Amount of dividend.

   (a) By October 1 of each year, the commissioner shall determine the value of each permanent fund dividend for that year by
        (1) determining the total amount available for dividend payments, which equals
             (A) the amount of income of the Alaska permanent fund transferred to the dividend fund under AS 37.13.145(b) during the current year;
             (B) plus the unexpended and unobligated balances of prior fiscal year appropriations that lapse into the dividend fund under AS 43.23.045(d);
             (C) less the amount necessary to pay prior year dividends from the dividend fund in the current year under AS 43.23.005(h), 43.23.021, and 43.23.055(3) and (7);
             (D) less the amount necessary to pay dividends from the dividend fund due to eligible applicants who, as determined by the department, filed for a previous year's dividend by the filing deadline but who were not included in a previous year's dividend computation;
             (E) less appropriations from the dividend fund during the current year, including amounts to pay costs of administering the dividend program and the hold harmless provisions of AS 43.23.075;
        (2) determining the number of individuals eligible to receive a dividend payment for the current year and the number of estates and successors eligible to receive a dividend payment for the current year under AS 43.23.005(h); and
        (3) dividing the amount determined under (1) of this subsection by the amount determined under (2) of this subsection.
   (b)   [Repealed, Sec. 5 ch 68 SLA 1991]. 

Authorities

43.23.005;43.23.045

Notes

Recent Bills that will modify this

HB 224 PERM FUND: INCOME; DISTRIBUTION; PFD;
HB 243 CRIM. CONV. OVERTURNED: RECEIVE PAST PFD
HB 303 PERM FUND: EARNINGS, DEPOSITS, ACCOUNTS
HB 365 INCOME TAX; PERMANENT FUND TAX CREDIT
HB5001 PERM. FUND:DEPOSITS;DIVIDEND;EARNINGS
SB 114 PERM FUND: EARNINGS, DEPOSITS, ACCOUNTS
SB 128 PERM. FUND:DEPOSITS;DIVIDEND;EARNINGS
SB5001 PERM. FUND:DEPOSITS;DIVIDEND;EARNINGS

References

7 AAC 41.335
AS 43.23.005 Eligibility.
AS 43.23.045 Dividend fund.

History

(Sec. 1 ch 102 SLA 1982; am Sec. 1 ch 55 SLA 1983; am Sec. 2 ch 43 SLA 1984; am Sec. 2 ch 57 SLA 1987; am Sec. 2 ch 54 SLA 1988; am Sec. 4 ch 68 SLA 1990; am Sec. 1 ch 198 SLA 1990; am Sec. 5 ch 68 SLA 1991; am Sec. 27 ch 134 SLA 1992; am Sec. 2 ch 91 SLA 1998; am Sec. 33 ch 75 SLA 2008)