HB 270 Summary

• Establishes state land vouchers that Alaska permanent fund dividend recipients can elect to receive instead of monetary dividends, with each voucher valued at twice the calculated dividend amount.

• Allows veterans to apply one or more state land vouchers to a one-time discounted land purchase under existing veterans' land purchase programs with the Department of Natural Resources.

• Authorizes the Department of Natural Resources to accept state land vouchers as payment for land purchases under specific land sale contract programs beginning January 1, 2021.

• Requires the Department of Revenue to provide electronic options for applicants to elect state land vouchers and to report voucher issuance data to the Department of Natural Resources.

• Treats state land vouchers as income or resources for purposes of public assistance eligibility determinations and other state financial need programs.