An Act relating to depositing permanent fund dividends into investment accounts; and providing for an effective date.

HB 102 allows Alaska Permanent Fund Dividend (PFD) recipients to direct their annual payment into an investment account instead of receiving cash. The bill requires the state to update the PFD application form to let recipients (or their authorized representatives) choose this option and includes a clear warning that recipients assume investment risk. It also prohibits using PFD funds to cover administrative costs for implementing this change. The bill would take effect January 1, 2026, if passed. This directly affects Alaska residents eligible for the PFD by offering a new payment method with specified safeguards.