AK SB92

Allows applicants to direct permanent fund dividend payments to be subtracted and contributed to the state general fund through the electronic application process.

Contributions must be in $25 increments, starting at $25 minimum, up to the total amount of the applicant's eligible dividend.

Seven percent of money contributed to the general fund will be used for administrative costs, with the remaining 93 percent going to the state general fund.

Contributions under existing AS 43.23.130 receive priority if total contributions to both funds exceed the applicant's dividend amount.

Public agencies claiming dividends on behalf of individuals are prohibited from electing to make contributions under this provision.