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AK SB84

Bill

Status

Introduced

2/12/2021

Primary Sponsor

Rules

Click for details

Origin

Senate

32nd Legislature

AI Summary

  • Allows Alaska residents to elect to receive a state land voucher instead of a monetary permanent fund dividend, with the voucher value equaling twice the statutory dividend if 50% of available income is transferred to the dividend fund.

  • Authorizes the Department of Natural Resources to accept state land vouchers as payment for state land purchases under existing land sale programs, effective January 1, 2023, with vouchers applied only to surface rights acquisition.

  • Permits veterans to apply one or more state land vouchers to their one-time discounted land purchase under the veterans' land program.

  • Requires the Department of Revenue to establish procedures for claiming vouchers, replacing lost vouchers, and reporting voucher issuance to the Department of Natural Resources.

  • Establishes that state land vouchers are considered income or resources for purposes of public assistance eligibility determinations and that vouchers do not expire and may be transferred to other persons.

Legislative Description

Land Vouchers; Pfds

Permanent Fund

Last Action

REFERRED TO FINANCE

5/5/2022

Committee Referrals

Finance5/5/2022
State Affairs2/12/2021

Full Bill Text

No bill text available