The bill amends AS 43.23.028(a) to enhance the transparency of individual permanent fund dividend disbursement advice stubs. It requires that by October 1 of each year, the commissioner must provide public notice of the dividend value and include detailed disclosures on the disbursement advice stubs. New requirements include disclosing the total amount of appropriations for operating and capital expenditures, the five departments with the highest appropriations, and a breakdown of federal and state revenue for the current fiscal year. Additionally, it mandates the calculation of averages based on the total number of dividends issued.

The bill also clarifies the eligibility criteria for receiving dividends, specifically addressing individuals convicted of felonies or certain misdemeanors. It outlines the legislative intent behind these eligibility restrictions, which is to allocate funds for services related to crime victims and to cover costs associated with the Department of Corrections. The effective date for this act is set for January 1, 2027.

Statutes affected:
SB0254A, AM SB 254, introduced 02/19/2026: 43.23.028