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AK HB256
Bill
Status
1/16/2018
Primary Sponsor
David Eastman
Click for details
AI Summary
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Creates a new mechanism allowing individuals to donate money to the state for public purposes, with the Department of Administration maintaining records of donation amounts, dates, donor intent, and receiving agencies.
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Amends the Alaska Permanent Fund Dividend application to allow applicants to direct contributions from their dividend payments to state agencies, municipalities, municipal agencies, educational organizations, community foundations, and charitable organizations in increments of $25-$50 up to their total dividend amount.
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Establishes a 7% administrative fee and coordination fee structure for contributions, with fees separately accounted for and available for appropriation to cover program administration costs.
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Adds municipalities and municipal agencies as eligible recipients on the permanent fund dividend contribution list, requiring separate applications to the Department of Revenue.
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Prohibits law enforcement agencies from accepting donations under the new donation framework and specifies that no coordination fee is withheld from contributions directed to state agencies.
Legislative Description
Pfd/other Contributions To Agencies/munis
Public Finance
Last Action
REFERRED TO LABOR & COMMERCE
1/16/2018