SB 240·AK·senate
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...
In CommitteeFiled Feb 11, 2026
Sponsor: Senate State Affairs
Latest Action
(S) Heard & Held
Mar 17, 2026
Summary
The bill lets adults who receive a permanent fund dividend choose to donate all or part of it to a new senior‑citizen grant endowment and to enter a raffle. Donations are $100 increments and the raffle awards cash prizes based on the fund’s balance. The program is administered by the Department of Revenue and does not create a dedicated fund.
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