Section 43.23.028. Public notice.

   (a) By October 1 of each year, the commissioner shall give public notice of the value of each permanent fund dividend for that year and notice of the information required to be disclosed under (3) of this subsection. In addition, the stub attached to each individual dividend disbursement advice must
        (1) disclose the amount of each dividend attributable to income earned by the permanent fund from deposits to that fund required under art. IX, sec. 15, Constitution of the State of Alaska;
        (2) disclose the amount of each dividend attributable to income earned by the permanent fund from appropriations to that fund and from amounts added to that fund to offset the effects of inflation;
        (3) disclose the amount by which each dividend has been reduced due to each appropriation from the dividend fund, including amounts to pay the costs of administering the dividend program and the hold harmless provisions of AS 43.23.075;
        (4) include a statement that an individual is not eligible for a dividend when
             (A) during the qualifying year, the individual was convicted of a felony;
             (B) during all or part of the qualifying year, the individual was incarcerated as a result of the conviction of a
                  (i) felony; or
                  (ii) misdemeanor if the individual has been convicted of a prior felony or two or more prior misdemeanors;
        (5) include a statement that the legislative purpose for making individuals listed under (4) of this subsection ineligible is to
             (A) obtain reimbursement for some of the costs imposed on the state criminal justice system related to incarceration or probation of those individuals;
             (B) provide funds for services for and payments to crime victims and for grants for the operation of domestic violence and sexual assault programs;
        (6) disclose the total amount that would have been paid during the previous fiscal year to individuals who were ineligible to receive dividends under AS 43.23.005(d) if they had been eligible;
        (7) disclose the total amount appropriated for the current fiscal year under (b) of this section for each of the funds and agencies listed in (b) of this section.
   (b) To the extent that amounts appropriated for a fiscal year do not exceed the total amount that would have been paid during the previous fiscal year to individuals who were ineligible to receive dividends under AS 43.23.005(d) or under AS 43.23.021(b) if they had been eligible, the notice requirements of (a)(3) of this section do not apply to appropriations from the dividend fund to
        (1) the crime victim compensation fund established under AS 18.67.162 for payments to crime victims;
        (2) the Council on Domestic Violence and Sexual Assault established under AS 18.66.010 for grants for the operation of domestic violence and sexual assault programs;
        (3) the Department of Corrections for incarceration and probation programs;
        (4) the office of victims' rights;
        (5) nonprofit victims' rights organizations for grants for services to crime victims; or
        (6) the Department of Revenue for grants to minor children of incarcerated individuals under a grant program established by regulations of the Department of Revenue under AS 44.62 (Administrative Procedure Act).

Notes

Recent Bills that will modify this

HB 365 INCOME TAX; PERMANENT FUND TAX CREDIT

History

(Sec. 2 ch 198 SLA 1990; am Sec. 3 ch 68 SLA 1991; am Sec. 1 ch 82 SLA 1993; am Sec. 4 ch 46 SLA 1996; am Sec. 6 ch 44 SLA 1998; am Sec. 26 ch 92 SLA 2001; am Sec. 22 ch 175 SLA 2004; am Sec. 34 ch 75 SLA 2008; am Sec. 1 ch 79 SLA 2008)