This bill amends various sections of Alaska law to replace references to the "Permanent Fund" with "resource" in relation to dividends for state residents. Key changes include the requirement for individuals to be eligible for a resource dividend under AS 43.23.005, which outlines the criteria for receiving such dividends, including residency and application requirements. The bill also specifies that municipalities may impose conditions for exemptions related to resource dividends and establishes procedures for managing these applications. Additionally, it clarifies eligibility criteria, including stipulations regarding incarceration and felony convictions, and allows for the application process to be extended under certain circumstances, such as military service.

Further amendments include the introduction of penalties for individuals who willfully misrepresent or exhibit gross negligence in claiming a resource dividend, which may result in forfeiture of the dividend and loss of future eligibility. The bill also addresses the treatment of resource dividends in public assistance claims, specifying that they will not be considered income unless mandated by federal law. It establishes that claims for unpaid debts will have priority over resource dividends and outlines the procedures for notifying individuals when their dividends are claimed by state agencies. Overall, the bill aims to streamline the application process, enhance transparency, and ensure proper management of resource dividends while providing clarity on eligibility and penalties.

Statutes affected:
HB0327A, AM HB 327, introduced 02/23/2026: 06.65.300, 09.38.015, 14.40.802, 14.40.809, 43.23.140, 47.45.301, 47.45.309, 09.38.030, 09.38.050, 11.56.205, 11.56.210, 43.23.295, 11.56.800, 11.56.810, 11.66.280, 43.23.230, 12.25.200, 12.25.180, 28.05.155, 12.55.041, 28.35.030, 28.35.032, 14.40.251, 43.23.190, 14.40.803, 14.40.807, 14.43.145, 14.43.161, 14.43.168, 14.43.170, 14.43.175, 43.23.160, 14.43.147, 14.43.149, 14.43.151, 14.43.155, 15.07.050, 43.23.015, 15.07.055, 15.07.060, 15.07.064, 15.07.070, 43.23.101, 18.56.850, 18.56.088, 22.10.025, 33.30.065, 29.45.030, 43.23.005, 29.60.860, 34.45.720, 34.45.110, 34.45.780, 36.10.005, 37.05.180, 37.05.215, 40.25.151, 37.05.540, 37.14.036, 37.14.031, 37.10.210, 37.10.240, 43.23.025, 43.23.008, U.S.C, 11.81.900, 13.16.680, 43.23.011, 43.23.270, 37.10.070, 44.62.560, 43.23.110, 43.23.021, 43.23.170, 37.13.145, 43.23.045, 43.23.055, 43.23.240, 43.23.028, 43.23.048, 37.25.050, 25.27.010, 43.23.130, 12.62.400, 15.07.195, 43.23.200, 18.67.162, 25.27.140, 25.27.220, 12.55.045, 12.55.051, 12.55.100, 47.12.120, 09.65.255, 12.55.101, 18.66.100, 25.20.061, 33.16.150, 34.03.360, 12.30.075, 09.38.080, 09.38.085, 43.23.150, 47.12.155, 44.62.330, 44.62.630, 47.05.080, 43.23.180, 47.25.120, 47.25.300, 47.25.130, 43.23.250, 43.40.092, 43.82.230, 44.64.030, 44.99.205, 47.45.010, 47.45.160, 45.35.040, 47.10.115, 47.55.020, 47.55.070, 47.55.030