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...

Summary

The bill establishes a Senior Citizen Grants Endowment Fund and a Senior Citizen Grants Dividend Raffle Fund, allowing permanent fund dividend money to be donated to senior‑service organizations and to fund raffle entries. It also amends Alaska law to state that permanent fund dividend raffles are not considered gambling. The Department of Revenue is tasked with administering these changes and continuing its existing dividend duties.

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