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and relating to theassignments assignment of permanent fund dividendsdividends." to purchase state land." SPONSOR SUBSTITUTE FOR HOUSE BILL NO.
and relating to theassignments assignment of permanent fund 03 dividendsdividends." to purchase state land." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
10 (b) To be eligible for a discount under (a) of this section, a veteran shall submit 11 submit proof, as required by regulation, that the veteran 12 (1) is 18 years of age or older on the date of sale;
10 (c) A veteran is entitled to [ONLY]only one discount under (a) of this section and 11(b) one discount under (f) of this section 11 during the veteran's lifetime.
AS 38.05.940 is amended by adding a new subsectionssubsection to read:
13 (f) An eligibleindividual veteran is entitled to a discount of one-third of the purchase 14 price of 14 state land sold under this title after August 1, 2019, and classified under this 15 chapter for a use other than 15 commercial or industrial use if the veteranindividual has received the 16 most current permanent 16 fund dividend and has assigned all of the dividend, or, if the 17 price of the land is less 17 than the amount of the dividend, the portion of the dividend 18 equal to the price of the 18 land, to the Department of Natural Resources under 19 AS 43.23.061.
20An (g)individual Amay discount19 undernot thiscombine sectiona maydiscount notunder bethis combinedsubsection with anothera discount 21 under (a) and (b) of this 20 section.
2221 * Sec.
2322 Sec.
2423 Notwithstanding AS 43.23.200, the department shall prepare the electronic permanent 2524 fund dividend application to allow an applicant who files electronically to direct that 2625 all or part of the applicant's dividend payment, less an administrative fee assessed 2726 under AS 43.23.210, be assigned to the Department of Natural Resources to be used 2827 toward the purchase of state land by the applicant under AS 38.05.045 - 38.05.06938.05.069. or 29 38.05.600.
28 The electronic dividend application form must include notice that an 30 administrative 29 fee will be deducted from the applicant's dividend payment if the 31 applicant directs that 30 the applicant'sperson's dividend payment be used toward the purchase of state land under this31 section.AS 38.05.045 - 38.05.069.
02 * Sec.
0302 Sec.
The department 0403 shall by regulation adopted under AS 44.62 (Administrative Procedure Act) establish 0504 fees for processing claims on dividends received by the department under 0605 AS 43.23.140, 43.23.160, or 43.23.180 and for processing assignments of dividends 0706 received by the department under AS 43.23.061 and 43.23.200(b) [AS 43.23.200(b)].
0807 The fees shall cover the administrative expenses of the department associated with the 0908 claims and assignments.
Fees shall be deducted from the amount of the dividend 1009 remaining after payment of the portion claimed or assigned, or, if the entire dividend 1110 is claimed or assigned, the fees shall be deducted before the dividend is paid to the 1211 creditor or assignee.