SB 254

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                                      SENATE BILL NO. 254
                     IN THE LEGISLATURE OF THE STATE OF ALASKA
                    THIRTY-FOURTH LEGISLATURE - SECOND SESSION
 BY SENATOR MYERS
 Introduced: 2/19/26
 Referred: State Affairs, Finance
                                                A BILL
                                    FOR AN ACT ENTITLED
1  "An Act relating to a summary on individual permanent fund dividend disbursement
2  advice stubs; and providing for an effective date."
3  BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
4    * Section 1. AS 43.23.028(a) is amended to read:
5(a) By October 1 of each year, the commissioner shall give public notice of
6the value of each permanent fund dividend for that year and notice of the information
7required to be disclosed under (3) of this subsection. In addition, the stub attached to
8each individual dividend disbursement advice must
9(1) disclose the amount of each dividend attributable to income earned
10by the permanent fund from deposits to that fund required under art. IX, sec. 15,
11Constitution of the State of Alaska;
12(2) disclose the amount of each dividend attributable to income earned
13by the permanent fund from appropriations to that fund and from amounts added to
14that fund to offset the effects of inflation;
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1(3) disclose the amount by which each dividend has been reduced due
2to each appropriation from the dividend fund, including amounts to pay the costs of
3administering the dividend program and the hold harmless provisions of
4AS 43.23.240;
5(4) include a statement that an individual is not eligible for a dividend
6when
7(A) during the qualifying year, the individual was convicted of
8a felony;
9(B) during all or part of the qualifying year, the individual was
10incarcerated as a result of the conviction of a
11(i) felony; or
12(ii) misdemeanor if the individual has been convicted of
13a prior felony or two or more prior misdemeanors;
14(5)   include a statement that the legislative purpose for making
15individuals listed under (4) of this subsection ineligible is to
16(A)    provide funds for services for and payments to crime
17victims and operating costs of the Violent Crimes Compensation Board;
18(B) provide funds to pay restitution owed to crime victims;
19(C) provide funds for grants to nonprofit organizations for
20services for crime victims and for mental health services and substance abuse
21treatment for offenders;
22(D) provide funds for the office of victims' rights;
23(E) provide funds to the Council on Domestic Violence and
24Sexual Assault for grants for the operation of domestic violence and sexual
25assault programs; and
26(F) obtain reimbursement for some of the costs imposed on the
27Department of Corrections related to incarceration or probation of those
28individuals;
29(6) disclose the total amount that would have been paid during the
30previous fiscal year to individuals who were ineligible to receive dividends under
31AS 43.23.005(d) if they had been eligible;
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1(7) disclose the total amount transferred or appropriated for the current
2fiscal year under AS 43.23.048 for each of the accounts, funds, and agencies listed in
3AS 43.23.048;
4(8) disclose the total amount of appropriations for operating and
5capital expenditures for the current fiscal year, including the total amount of
6state funds and the total amount of federal receipts appropriated, and disclose
7the amount resulting from dividing the total amount of appropriations for
8operating and capital expenditures by the total number of dividends issued in the
9current fiscal year;
10(9)    list the five departments that have the highest total
11appropriations for operating and capital expenditures, ranking the departments
12in order of total amount of appropriations, and disclose the total amount of state
13operating and capital appropriations to those departments for the current fiscal
14year, as well as the total amount of state funds and the total amount of federal
15receipts appropriated for each department listed;
16(10) disclose the total amount of federal and state revenue for the
17current fiscal year, including the total amount of revenue from
18(A) mineral lease rentals, royalties, royalty sale proceeds,
19and federal mineral revenue sharing payments and bonuses received by
20the state;
21(B) the amount appropriated from the earnings reserve
22account to the general fund under AS 37.13.145(e);
23(C) federal receipts; and
24(D) all other state revenue; and
25(11) disclose the amount resulting from dividing the total amount
26of federal and state revenue by the total number of dividends issued in the
27current fiscal year.
28  * Sec. 2. This Act takes effect January 1, 2027.
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