An Act relating to permanent fund dividend raffles; creating the senior citizen grants endowment fund and the senior citizen grants dividend raffle fund; authorizing donations from permanent fund dividends for grants to organizations that provide support for senior citizens and for entry into the senior citizen grants dividend raffle; relating to transfers from the senior citizen grants endowment fund and the senior citizen grants dividend raffle fund; relating to the duties of the Department...
(H) <Bill Hearing Canceled>
Summary
The bill lets adults who receive a Permanent Fund dividend choose to donate part or all of it to a new senior‑citizen grant endowment and to enter a raffle. The donated money is pooled, invested, and a portion is awarded as grants to senior‑service organizations, while the raffle distributes cash prizes. It also clarifies that these dividend raffles are not considered gambling.
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