Section 43.23.045. Dividend fund.

   (a) The dividend fund is established as a separate fund in the state treasury.  The dividend fund shall be administered by the commissioner and shall be invested by the commissioner in the same manner as provided in AS 37.10.070.
   (b)   [Repealed, Sec. 29 ch 134 SLA 1992]. 
   (c)   [Repealed, Sec. 24 ch 99 SLA 1985]. 
   (d) Unless specified otherwise in an appropriation act, the unexpended and unobligated balance of an appropriation to implement this chapter lapses into the dividend fund on June 30 of the fiscal year for which the appropriation was made and shall be used in determining the amount of and paying the subsequent year's dividend as provided in AS 43.23.025(a)(1)(B).
   (e)   [Repealed, Sec. 29 ch 134 SLA 1992]. 

Authorities

37.13.145;43.23.025;43.23.095

Notes

Recent Bills that will modify this

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

AS 37.13.145 Disposition of income.
AS 43.23.025 Amount of dividend.
AS 43.23.095 Definitions.

History

(Sec. 1 ch 102 SLA 1982; am Sec. 24 ch 99 SLA 1985; am Sec. 3 ch 57 SLA 1987; am Sec. 1 ch 38 SLA 1989; am Sec. 2, 3 ch 18 SLA 1991; am Sec. 29 ch 134 SLA 1992)