Alaska HB 338: An Act relating to a procurement preference for the University of Alaska.

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HB0338a -1- HB 338
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HOUSE BILL NO. 338

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - SECOND SESSION

BY REPRESENTATIVE COSTELLO

Introduced: 2/23/26
Referred: Labor and Commerce, Finance

A BILL

FOR AN ACT ENTITLED

"An Act establishing the Alaska Work and Save Program for employees who do not 1
have access to a qualified retirement savings plan at work; relating to the duties of the 2
commissioner of labor and workforce development; and providing for an effective 3
date." 4
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 5
* Section 1. AS 43.23.130(a) is amended to read: 6
(a) Notwithstanding AS 43.23.200, the Department of Revenue shall prepare 7
the electronic Alaska permanent fund dividend application to allow an applicant who 8
files electronically to direct that money be subtracted from the dividend payment and 9
contributed to the applicant's Alaska Work and Save Program participant 10
account (AS 44.25.400 - 44.25.490), the crime victim compensation fund 11
(AS 18.67.162), the peace officer and firefighter survivors' fund, or one or more of the 12
educational organizations, community foundations, or charitable organizations that 13
appear on the contribution list contained in the application. A contribution to an 14

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Alaska Work and Save Program participant account, the crime victim 1
compensation fund, the peace officer and firefighter survivors' fund or to an 2
organization may be $25, $50, $75, $100, or more, in increments of $50, up to the 3
total amount of the permanent fund dividend that the applicant is entitled to receive. If 4
the total amount of contributions elected by an applicant exceeds the amount of the 5
permanent fund dividend that the applicant is entitled to receive, contributions shall be 6
deducted from the dividend in the order of priority elected by the applicant on the 7
application until the entire amount of the dividend that the applicant is entitled to 8
receive is allocated for contribution. The electronic dividend application form must 9
include notice that seven percent of the money contributed will be used for 10
administrative costs incurred in implementing this section, and money from the 11
dividend fund will not be used for that purpose. 12
* Sec. 2. AS 43.23.130(b) is amended to read: 13
(b) The department shall list each educational organization, community 14
foundation, or charitable organization eligible under (c) and (d) of this section, each 15
university campus that applies under (l) of this section, the Alaska Work and Save 16
Program, the crime victim compensation fund, and the peace officer and firefighter 17
survivors' fund on the contribution list. The department shall maintain an electronic 18
database for the contribution list that is accessible to the public and that permits 19
searches by organization or fund name, geographic location, and type. The department 20
shall provide a statement of the contributions made by an individual that is suitable for 21
federal income tax purposes to each individual who elects to contribute under (a) of 22
this section. 23
* Sec. 3. AS 43.23.130(m) is amended to read: 24
(m) In addition to the application fee in (f) of this section, the department shall 25
withhold a coordination fee from each organization, foundation, or university campus 26
that receives contributions under this section in the immediately preceding dividend 27
year. The coordination fee for an organization, foundation, or university campus that 28
receives contributions under this section shall be seven percent of the amount of 29
contributions reported by the department under (j) of this section for the organization, 30
foundation, or university campus for the immediately preceding dividend year. The 31

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coordination fee shall be separately accounted for under AS 37.05.142 and shall be 1
accounted for separately from the application fee collected under (f) of this section. 2
The annual estimated balance in the account maintained under AS 37.05.142 for 3
coordination fees collected under this subsection may be appropriated for costs of 4
administering this section. The department may not withhold a coordination fee for 5
contributions to an Alaska Work and Save Program participant account, the crime 6
victim compensation fund or the peace officer and firefighter survivors' fund. 7
* Sec. 4. AS 44.25 is amended by adding new sections to read: 8
Article 5. Alaska Work and Save Program. 9
Sec. 44.25.400. Alaska Work and Save Program. (a) The Alaska Work and 10
Save Program is established in the Department of Revenue. The commissioner of 11
revenue or the commissioner's designee shall administer the program. 12
(b) An employer that does not offer a qualified retirement plan shall facilitate 13
participation