This bill amends Alaska's existing law regarding permanent fund dividends by introducing a new section that allows eligible applicants to direct their dividend payments into designated investment accounts. Specifically, it permits applicants or their authorized representatives to indicate their preference for the deposit on the permanent fund dividend application form. The form will also inform applicants that they assume the investment risks associated with this option.

Additionally, the bill stipulates that the department responsible for administering the dividends cannot use funds from the dividend fund to cover any administrative costs related to this new provision. The effective date for this legislation is set for January 1, 2026.

Statutes affected:
HB0102A, AM HB 102, introduced 02/14/2025: