Bill Summary – FastDemocracy

State of Alaska
                                                            Fiscal Note
                                                                                                Bill Version:                    CSHB 97(MLV)
 2022 Legislative Session
                                                                                                Fiscal Note Number:              6
                                                                                                (H) Publish Date:                5/18/2022
 Identifier:        HB097-DOR-PFD-5-16-22                                         Department:       Department of Revenue
 Title:             LAND VOUCHERS; PFDS                                           Appropriation: Taxation and Treasury
 Sponsor:           RLS BY REQUEST OF THE GOVERNOR                                Allocation:       Permanent Fund Dividend Division
 Requester: (H) FIN                                                               OMB Component Number:              981
 Expenditures/Revenues
 Note: Amounts do not include inflation unless otherwise noted below.                                                                  (Thousands of Dollars)
                                                 Included in
                                    FY2023       Governor's
                                Appropriation      FY2023                                              Out-Year Cost Estimates
                                  Requested       Request
 OPERATING EXPENDITURES               FY 2023        FY 2023       FY 2024                        FY 2025           FY 2026            FY 2027         FY 2028
 Personal Services
 Travel
 Services                                 52.4
 Commodities
 Capital Outlay
 Grants & Benefits
 Miscellaneous
 Total Operating                          52.4            0.0          0.0                              0.0                0.0              0.0               0.0
 Fund Source (Operating Only)
 None
 Total                                            0.0              0.0                 0.0              0.0                0.0              0.0               0.0
 Positions
 Full-time
 Part-time
 Temporary
 Change in Revenues
 None
 Total                                            0.0              0.0                 0.0              0.0                0.0              0.0               0.0
 Estimated SUPPLEMENTAL (FY2022) cost:                                      0.0              (separate supplemental appropriation required)
 Estimated CAPITAL (FY2023) cost:                                           0.0              (separate capital appropriation required)
 Does the bill create or modify a new fund or account?       No
 (Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
 ASSOCIATED REGULATIONS
 Does the bill direct, or will the bill result in, regulation changes adopted by your agency?                   Yes
 If yes, by what date are the regulations to be adopted, amended or repealed?                                   01/01/23
 Why this fiscal note differs from previous version/comments:
 Updated for SLA2022 fiscal note template.
 Prepared By:             Corey Bigelow, PFD Operations Manager                                                       Phone:         (907)465-2324
 Division:                Permanent Fund Dividend Division                                                            Date:          05/16/2022 03:15 PM
 Approved By:             Eric DeMoulin, Administrative Services Director                                             Date:          05/16/22
 Agency:                  Department of Revenue
Printed 5/18/2022                                                        Page 1 of 2                                                          Control Code: qbeJf
                                                                                                           CSHB 97(MLV) - Fiscal Note 6
                                                  FISCAL NOTE ANALYSIS
STATE OF ALASKA                                                                    BILL NO. HB 97
2022 LEGISLATIVE SESSION
Analysis
   The purpose of this bill is to provide a method for Alaskans to use their Permanent Fund Dividend (PFD) to purchase state
   land through a land voucher program. Applicants would be able to choose the option on their online PFD application to
   allow them to receive a land voucher instead of a monetary dividend. The land voucher will be double the amount of the
   statutory dividend calculation set out in AS 43.23.025, but may only to be used for the purchase of state land. The
   voucher does not expire, and is transferable.
   To participate in the land voucher program applicants must file their PFD application electronically, similar to other
   voluntary options. The voucher option will only be available on adult electronic applications. It will not be available to
   other online application types, nor on paper applications.
   The Permanent Fund Dividend Division will be required to add a land voucher option to the online PFD application. The
   Division will need to produce these vouchers through a special order with extensive design and security work. To produce
   the vouchers, administrative time is estimated to be roughly 60 hours at a rate of $25 per hour for the first year (FY2023).
   Each additional year anticipates 20 hours for adjustments to the voucher and procurement of printing services. Roughly 50
   vouchers are estimated to be printed per year. Depending on the quality and design of the vouchers, printing and postage
   is estimated to be $1,250 annually. Costs will be absorbed by the division beyond the first year.
   In addition, it is the duty of the division to adopt regulations under AS 43.62 that outline procedures and time limits for
   claiming a state land voucher as well as preplacing lost, stolen, or destroyed vouchers. This work is only required in the first
   year, and will take an estimated 40 hours of work in total by the division's Director, Revenue Commissioner's Office, and
   the Department of Law. Estimated cost is 40 hours at average rate of $60 per hour for a total of $2,400.
   Total Costs for FY2023:
   Administrative - $1,500
   Printing and Postage - $1,250
   Programming - $47,200 (contractor - $160/hour for 295 hours)
   Regulations - $2,400
   Total Costs - $52,350
(Revised 11/23/2021 OMB/LFD)                                                                                          Page 2 of 2
HB097-DOR-PFD-5-16-22                                           Page 2 of 2                                                 Control Code: qbeJf
Statutes affected: 
HB0097A, AM HB 97, introduced 02/18/2021: 38.05.940, 43.23.018, 38.05.065, 38.05.067, 38.95.360, 38.04.022, 38.95.400, 38.95.350, 43.23.015, 43.23.025, 37.13.145, 43.23.140, 43.23.045, 43.23.055, 43.23.011, 43.23.005, 43.23.048, 37.25.050, 25.27.010, 43.23.270, 43.23.130, 43.23.230, 43.23.240, 43.23.250
HB0097B, AM CSHB 97(MLV), introduced 05/18/2022: 38.05.940, 43.23.018, 38.05.065, 38.05.067, 38.95.360, 38.04.022, 38.95.400, 38.95.350, 43.23.015, 43.23.025, 37.13.145, 43.23.140, 43.23.045, 43.23.055, 43.23.011, 43.23.005, 43.23.048, 37.25.050, 25.27.010, 43.23.270, 43.23.130, 43.23.230, 43.23.240, 43.23.250