Alaska Statutes
Alaska Stat. § 43.23.045 (2026)
Dividend fund
✓ current as of July 2026
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Sec. 43.23.045. Dividend fund.
(a) The dividend fund is established as a separate fund in the state treasury. The dividend fund shall be administered by the commissioner and shall be invested by the commissioner in the same manner as provided in AS 37.10.070.
(b) [Repealed, § 29 ch 134 SLA 1992.]
(c) [Repealed, § 24 ch 99 SLA 1985.]
(d) Unless specified otherwise in an appropriation act, the unexpended and unobligated balance of an appropriation to implement this chapter lapses into the dividend fund on June 30 of the fiscal year for which the appropriation was made and shall be used in determining the amount of and paying the subsequent year's dividend as provided in AS 43.23.025(a)(1)(B).
(e) [Repealed, § 29 ch 134 SLA 1992.]
(a) The dividend fund is established as a separate fund in the state treasury. The dividend fund shall be administered by the commissioner and shall be invested by the commissioner in the same manner as provided in AS 37.10.070.
(b) [Repealed, § 29 ch 134 SLA 1992.]
(c) [Repealed, § 24 ch 99 SLA 1985.]
(d) Unless specified otherwise in an appropriation act, the unexpended and unobligated balance of an appropriation to implement this chapter lapses into the dividend fund on June 30 of the fiscal year for which the appropriation was made and shall be used in determining the amount of and paying the subsequent year's dividend as provided in AS 43.23.025(a)(1)(B).
(e) [Repealed, § 29 ch 134 SLA 1992.]
Notes of Decisions
Cited in 4
cases, 1985–2017 · leading case: Wielechowski v. State, 403 P.3d 1141 (Alaska 2017).
Wielechowski v. State, 403 P.3d 1141 (Alaska 2017). “3, at 8 ("Because of decisional law applying constitutional provisions which require disclosure of the principal objects and effects of amendments, the effect of the words, 'unless otherwise provided by law’ may be quite limited.”
Exxon Corp. v. Heinze, 792 F. Supp. 72 (D. Alaska 1992). “028; and the dividends are eventually paid out, see AS 43.23.045, establishing the dividend fund, see AS 43.”
Alaska Oil Co. v. State of Alaska, 45 B.R. 358 (D. Alaska 1985). “Alaska Stat. § 43.23.045 (b) (1983). The dividend fund is then distributed each year in equal shares to all eligible Alaska residents.”
Exxon Corp. v. Heinze, 32 F.3d 1399 (9th Cir. 1994). “” Alaska Stat. § 43.23.045 (b) (1989) (repealed 1991).”
— Alaska Stat. § 43.23.045(a) — 1 case
Wielechowski v. State, 403 P.3d 1141 (Alaska 2017). “3, at 8 ("Because of decisional law applying constitutional provisions which require disclosure of the principal objects and effects of amendments, the effect of the words, 'unless otherwise provided by law’ may be quite limited.”
— Alaska Stat. § 43.23.045(b) — 1 case
Exxon Corp. v. Heinze, 792 F. Supp. 72 (D. Alaska 1992). “028; and the dividends are eventually paid out, see AS 43.23.045, establishing the dividend fund, see AS 43.”
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