15 AAC 23.350 - Payment of contributions
Current through April 6, 2022
(a) The department
will directly deposit contributions made to beneficiary organizations into the
financial institution account of the agent organization. At the same time that
it issues electronic deposits to individuals applying for the permanent fund
dividend each year, the department will electronically deposit the
contributions made to all eligible beneficiary organizations receiving
contributions.
(b) The department
will prepare a report for the agent organization that sets out for each
beneficiary organization the amount contributed, the applicant locater number
assigned by the department to each individual making a contribution to the
beneficiary organization, and the information, if any, authorized to be
released by that individual.
(c) If
a dividend remains unpaid for any reason after December 31 of the dividend
year, contributions elected with the application for the dividend expire
December 31 of the year for which the contribution is associated.
Notes
Authority:AS 43.23.062
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