Alaska Statutes
Alaska Stat. § 47.10.115 (2026)
Permanent fund dividend
✓ current as of July 2026
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Sec. 47.10.115. Permanent fund dividend.
(a) The department shall annually apply for a permanent fund dividend and retain in trust under AS 43.23.015(e) for the benefit of the child the dividend and accrued interest on the dividend if the child is in the custody of the department when the application is due.
(b) The department shall distribute the proceeds of a trust under this section
(1) to the child when the child
(A) has reached 21 years of age; or
(B) is no longer in the custody of the department and has reached at least 18 years of age or is emancipated; or
(2) when ordered to do so by the court in the best interest of the child.
(c) [Repealed, § 14 ch 7 4SSLA 2016.]
(a) The department shall annually apply for a permanent fund dividend and retain in trust under AS 43.23.015(e) for the benefit of the child the dividend and accrued interest on the dividend if the child is in the custody of the department when the application is due.
(b) The department shall distribute the proceeds of a trust under this section
(1) to the child when the child
(A) has reached 21 years of age; or
(B) is no longer in the custody of the department and has reached at least 18 years of age or is emancipated; or
(2) when ordered to do so by the court in the best interest of the child.
(c) [Repealed, § 14 ch 7 4SSLA 2016.]
Notes of Decisions
Cited in 2
cases (1 in the last 5 years), 2012–2025 · leading case: Tea ex rel. A.T., 278 P.3d 1262 (Alaska 2012).
Tea ex rel. A.T., 278 P.3d 1262 (Alaska 2012). “005's permissive phrasing, AS 47.10.115 requires OCS to apply for an eligible child's dividend "if the child is in the custody of [OCS] when the application is due.”
State of Alaska, Dep't of Health & Soc. Servs.; Adam Crum in his Off. Capacity as Comm'r of the Dep't; Off. of Child.'s Servs.; Kim Guay, in her Off. Capacity a Dir. of OCS v. Z. C., Through his Next Friend, Lorenz Kaufman, on Behalf of Himself & all Those Similarly Situated, Z.C. v. State of Alaska, Dep't of Health & Soc. Servs. (Alaska 2025). “2 AS 47.10.115. 3 AS 10.06.961. 4 7 Alaska Administrative Code (AAC) 67.”
— Alaska Stat. § 47.10.115(a) — 1 case
Tea ex rel. A.T., 278 P.3d 1262 (Alaska 2012). “005's permissive phrasing, AS 47.10.115 requires OCS to apply for an eligible child's dividend "if the child is in the custody of [OCS] when the application is due.”
— Alaska Stat. § 47.10.115(b) — 1 case
Tea ex rel. A.T., 278 P.3d 1262 (Alaska 2012). “005's permissive phrasing, AS 47.10.115 requires OCS to apply for an eligible child's dividend "if the child is in the custody of [OCS] when the application is due.”
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