(a) The department will not implement an
assignment, or a transaction, of whatever nature, that the department
determines to be an assignment, of a dividend unless the assignee named is an
agency authorized to receive an assignment under
(b) An assignment of a dividend may not be
made if application for the dividend was made on behalf of a child or made on
behalf of an incompetent or disabled adult, except that the dividend of a child
may be assigned to satisfy restitution agreed to, or required under
47.12.120 or to satisfy a court-ordered fine
or judgment for court-appointed attorney fees.
(c) Once an assignment is made and submitted
to the department, a retraction of that assignment by the assignor will not be
honored by the department.
assignment must be made in writing on a form provided by the department, signed
by the assignor, and properly executed in the presence of two disinterested
witnesses or a notary public, and filed with the department before the final
processing of the assignor's dividend application. However, assignments made on
behalf of a child must be executed by the sponsor of the original application
or by an official appointed by the state court system.
(e) Repealed 1/1/2002.
(f) Upon receipt of a written request from an
applicant, the department will change an applicant's University of Alaska
College Savings Plan check-off response. The department will not guarantee
processing of a request received after August 1 of the dividend year.
(g) If, for purposes of
43.23.065(d), April 1 falls
on a Saturday, Sunday, or state holiday, the date becomes the next working
Eff. 1/1/93, Register
124; am 1/1/99, Register 148; am 1/1/2000, Register 152; am 1/1/2002, Register
160; am 1/1/2003, Register 164; am 1/1/2005, Register 172; am 1/1/2013,