Alaska legislation · 34th Legislature
Alaska SB21: AK WORK & SAVE PRGRM; PFD INVESTMENT ACCT
Status: Vetoed, June 18, 2026
An Act establishing the Alaska Work and Save Program in the Department of Revenue; relating to depositing permanent fund dividends into investment accounts; and providing for an effective date.
What the bill says
From the introduced text:
LAWS OF ALASKA Source Chapter No. HCS CSSB 21(L&C) _______ Establishing the Alaska Work and Save Program in the Department of Revenue; relating to depositing permanent fund dividends into investment accounts; and providing for an effective date. _______________ THE ACT FOLLOWS ON PAGE Enrolled SB Establishing the Alaska Work and Save Program in the Department of Revenue; relating to depositing permanent fund dividends into investment accounts; and providing for an effective date. _______________ * Section 1. AS 43.23 is amended by adding a new section to read: Sec. 43.23.058. Deposits from dividends. (a) An applicant for a permanent fund dividend who is eligible under this chapter to receive a permanent fund dividend, or the applicant's authorized representative, may direct that the dividend payment be deposited in an investment account identified by the applicant. (b) The department shall design the permanent fund dividend application form to allow an applicant, or the applicant's authorized representative, to direct the department to make a deposit under this section and to provide the information that the department determines is necessary to implement this section. The application form must notify the applicant that the applicant assumes the risk of investments made -1- Enrolled SB under this section. (c) The department may not use money from the dividend fund for administrative costs incurred in implementing this section. …
Sponsors
- William Wielechowski (D, SD-H) · primary sponsor
- Elvi Gray-Jackson (D, SD-I)
- Scott Kawasaki (D, SD-A)
- Robert Yundt (R, SD-N)
- Mia Costello (R, HD-015)
- Dan Saddler (R, HD-024)
- Sara Hannan (D, HD-033)
- Calvin Schrage (NP, HD-012)
- Alyse Galvin (I, HD-014)
- Andrew Josephson (D, HD-017)
- Jeremy Bynum (R, HD-001)
- Jubilee Underwood (R, HD-027)
Latest actions
- : (S) JOINT SESSION at 01:00 PM HOUSE CHAMBER
- : (S) GOVERNOR VETO SUSTAINED Y39 N21
- : (S) MOTION TO OVERRIDE VETO
- : (S) VETOED BY GOVERNOR 6/18/26
- : (S) 10:14 A.M. 6/1/26 TRANSMITTED TO GOVERNOR
- : (S) COSPONSOR(S): KAWASAKI, YUNDT
- : (S) EFFECTIVE DATE(S) SAME AS PASSAGE
- : (S) CONCUR AM OF (H) Y17 N3
- : (S) CONCUR MESSAGE READ AND TAKEN UP
- : (H) VERSION: HCS CSSB 21(L&C)
Votes
- GOVERNOR VETO SUSTAINED (June 19, 2026): 39 yea, 21 nay, failed
- CONCUR AM OF (H) (May 19, 2026): 17 yea, 3 nay, failed
- PASSED (May 18, 2026): 31 yea, 9 nay, passed
- PASSED (April 22, 2026): 15 yea, 4 nay, passed
- PASSED (April 22, 2026): 15 yea, 4 nay, passed
Subjects: INVESTMENTS, EMPLOYMENT, FINANCE, BUSINESS, RETIREMENT, PUBLIC RECORDS, OCCUPATIONS & PROFESSIONS, SALARIES & ALLOWANCES
Common questions
- What is SB21?
- SB21 is a bill in the Alaska Legislature (34th Legislature): AK WORK & SAVE PRGRM; PFD INVESTMENT ACCT.
- What does SB21 do?
- An Act establishing the Alaska Work and Save Program in the Department of Revenue; relating to depositing permanent fund dividends into investment accounts; and providing for an effective date.
- What is the status of SB21?
- Vetoed as of June 18, 2026. Latest action: (S) JOINT SESSION at 01:00 PM HOUSE CHAMBER (June 19, 2026).
- Who sponsored SB21?
- William Wielechowski (D, SD-H), with 11 co-sponsors.
- Where is the official record for SB21?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=SB 21
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.