SB 92 — An Act relating to contributions from permanent fund dividends to the general fund.

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"An Act relating to contributions from permanent fund dividends to the general fund." CS FOR SENATE BILL NO.

92(STA)92 01 "An Act relating to contributions from permanent fund dividends to the general fund." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:

AS 43.2343.23.130(a) is amended by adding a new section to read:

04 Sec.(a) Notwithstanding AS 43.23.200, the Department of Revenue shall prepare 05 the electronic Alaska permanent fund dividend application to allow an applicant who 06 files electronically to direct that money be subtracted from the dividend payment and 07 contributed to the crime victim compensation fund (AS 18.67.162), the peace officer 08 and firefighter survivors' fund, the general fund, or one or more of the educational 09 organizations, community foundations, or charitable organizations that appear on the 10 contribution list contained in the application.

43.23.135.A contribution to the crime victim 11 compensation fund, the peace officer and firefighter survivors' fund, the general fund, 12 or to an organization may be $25, $50, $75, $100, or more, in increments of $50, up to 13 the total amount of the permanent fund dividend that the applicant is entitled to 14 receive.

ContributionsIf the total amount of contributions elected by an applicant exceeds the 15 amount of the permanent fund dividend that the applicant is entitled to receive, contributions shall be deducted from the generaldividend fund.in the order of priority elected by 02 the applicant on the application until the entire amount of the dividend that the 03 applicant is entitled to receive is allocated for contribution.

(a)The Notwithstandingelectronic 05dividend AS04 43.23.200,application form must include notice that seven percent of the electronicmoney Alaskacontributed permanentwill fund05 dividendbe applicationused mustfor allowadministrative 06costs anincurred applicantin toimplementing directthis thatsection, and money be06 subtracted from the dividend paymentfund andwill 07not contributedbe toused thefor statethat generalpurpose. fund.

A07 contribution* toSec. the state general fund may be 08 $25 or more, in increments of $25, up to the total amount of the permanent fund 09 dividend that the applicant is entitled to receive.

If2. the applicant's total amount of 10 contributions under this subsection, when added to the total amount of contributions 11 under AS 43.23.130, exceeds the amount of the permanent fund dividend that the 12 applicant is entitled to receive, contributions under AS 43.23.130 shall have priority 13 over contributions under this subsection.

TheAS electronic43.23.130(b) applicationis mustamended include 14 notice that seven percent of the money contributed to theread: state general fund will be 15 used for administrative costs incurred in implementing this subsection and that money from the dividend fund will not be used for that purpose.

0208 (b) AThe publicdepartment agencyshall thatlist claimseach aeducational permanentorganization, fundcommunity dividend09 onfoundation, behalfor charitable organization eligible under (c) and (d) of anthis 03section, individualeach 10 university campus that applies under AS(l) 43.23.015(e)of maythis notsection, electthe tocrime makevictim contributionscompensation from11 fund, [AND] the 04peace dividendofficer underand thisfirefighter section.survivors' fund, and the general fund 12 on the contribution list.

05The (c)department Inshall preparingmaintain thean electronic Alaskadatabase permanentfor fund dividend application, 06 the department13 shallcontribution ensurelist that theis optionaccessible to makethe apublic contributionand underthat thispermits sectionsearches isby 0714 inorganization aor separatefund sectionname, ofgeographic thelocation, applicationand thantype. the option to make a contribution under 08 AS 43.23.130.

The department shall 15 provide a statement of the contributions made by an individual that is suitable for 16 federal income tax purposes to each individual who elects to contribute under (a) of 17 this section.

18 * Sec.

3.

AS 43.23.130(j) is amended to read:

19 (j) By January 20 of each year, the department shall prepare a report 20 identifying the organizations and funds on the contribution list for the immediately 21 preceding year, together with the amount of contributions made to each of the 22 organizations and funds, and shall notify the legislature that the report is available.

23 * Sec.

4.

AS 43.23.130(m) is amended to read:

24 (m) In addition to the application fee in (f) of this section, the department shall 25 withhold a coordination fee from each organization, foundation, or university campus 26 that receives contributions under this section in the immediately preceding dividend 27 year.

The coordination fee for an organization, foundation, or university campus that 28 receives contributions under this section shall be seven percent of the amount of 29 contributions reported by the department under (j) of this section for the organization, 30 foundation, or university campus for the immediately preceding dividend year.

The 31 coordination fee shall be separately accounted for under AS 37.05.142 and shall be accounted for separately from the application fee collected under (f) of this section.

02 The annual estimated balance in the account maintained under AS 37.05.142 for 03 coordination fees collected under this subsection may be appropriated for costs of 04 administering this section.

The department may not withhold a coordination fee for 05 contributions to the crime victim compensation fund, [OR] the peace officer and 06 firefighter survivors' fund, or the general fund.