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 enables applicants or their authorized representatives to specify an investment account for the deposit of their dividends. The Department of Revenue is tasked with designing the application form to facilitate this process, ensuring that applicants are informed of the associated investment risks.

Additionally, the bill stipulates that no funds from the dividend fund can be used to cover administrative costs related to the implementation of this new provision. The effective date for this change is set for January 1, 2026.

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