AK HB361

Amend application form for permanent fund dividends to include an option for applicants to choose between receiving dividends as a lump sum or in monthly payments.

Require the Department of Revenue to adopt regulations establishing procedures allowing individuals to receive permanent fund dividends in monthly installments.

Maintain existing department duties regarding annual dividend payments, eligibility determinations by October 1, and payment of dividends by December 31.

Preserve existing regulations for fraud investigation, disabled individual applications, assistance for residents with language or accessibility barriers, and child support information sharing.