AK HB97

Veterans may apply one or more state land vouchers to their one-time lifetime veterans' land purchase discount, with vouchers applicable only to surface rights acquisition and not survey, road development, or utility costs.

Alaska Permanent Fund Dividend applicants filing electronically may elect to receive a state land voucher instead of a monetary dividend, with voucher value equal to twice the dividend amount that would be calculated if 50 percent of available income were transferred to the dividend fund.

Department of Natural Resources shall accept state land vouchers as payment for land purchases under specified sales contracts entered into on or after January 1, 2023, with vouchers exhausted regardless of whether purchase price is less than face value.

State land vouchers do not expire, may be transferred to other persons, and are subject to debt collection only up to the amount available for garnishment from a monetary dividend.

State land vouchers issued under this act must be considered as income or resources for determining eligibility in public assistance and other need-based state and municipal programs.