(a) By October 1 of each year, the commissioner shall determine the value of each permanent fund dividend for that year by
Terms Used In Alaska Statutes 43.23.025
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(1) determining the total amount available for dividend payments, which equals
(A) the amount of income of the Alaska permanent fund transferred to the dividend fund under Alaska Stat. § 37.13.145(b) during the current year;(B) plus the unexpended and unobligated balances of prior fiscal year appropriations that lapse into the dividend fund under Alaska Stat. § 43.23.045(d);(C) less the amount necessary to pay prior year dividends from the dividend fund in the current year under Alaska Stat. § 43.23.005(h), 43.23.021, and 43.23.055(3)and (7);(D) less the amount necessary to pay dividends from the dividend fund due to eligible applicants who, as determined by the department, filed for a previous year’s dividend by the filing deadline but who were not included in a previous year’s dividend computation;(E) less appropriations from the dividend fund during the current year, including amounts to pay costs of administering the dividend program and the hold harmless provisions of Alaska Stat. § 43.23.240;(2) determining the number of individuals eligible to receive a dividend payment for the current year and the number of estates and successors eligible to receive a dividend payment for the current year under Alaska Stat. § 43.23.005(h); and(3) dividing the amount determined under (1) of this subsection by the amount determined under (2) of this subsection.(b)[Repealed, Sec. 5 ch 68 SLA 1991].
