AK HB183

Requires the Department of Natural Resources to select at least 200,000 acres of state land suitable for year-round settlement and divide it into platted parcels not exceeding 10 acres for sale under a new permanent fund dividend land program.

Establishes an annual lottery on the third Thursday of October to sell land parcels to individuals aged 18 or older who are eligible for a permanent fund dividend, with applicants required to deposit or assign a minimum of $800 by September 1.

Allows buyers to assign future permanent fund dividends or make installment payments within 20 years to purchase land, with no interest charged on the balance due to the state.

Provides eligible veterans with a 10 percent discount on the fair market value of parcels purchased under this program, compared to the 25 percent discount available for other state land sales.

Implements a weighted lottery system giving first-time applicants one standard chance and unsuccessful prior applicants additional chances equal to the number of previous lotteries in which they participated without winning; first lottery to be held in October 2018.