AK HB102

Eligible permanent fund dividend (PFD) applicants or their authorized representatives may direct their dividend payment to be deposited into an investment account of their choosing

The Department of Revenue must redesign the PFD application form to include this direct deposit option and collect necessary account information

Applicants must be notified on the application form that they assume all investment risk for funds deposited under this provision

Administrative costs for implementing this program cannot be paid from the dividend fund

Effective date: January 1, 2026