The $1,300 payments from the 2023 Permanent Fund Dividend was approved by lawmakers in May and will be sent to eligible Alaskans in 14 days.
To qualify for a payment from the Permanent Fund Dividend, an applicant must be an Alaska resident who intends to remain a resident of the state indefinitely at the time of filling out the application. The applicant must also not be a convicted felon and not be claiming residency in another state during that year.
Payments from the program will be sent out on Oct. 5 to residents who filed electronically, requested direct deposit, and had the “eligible not paid” status as of Sept. 21, according to the state.
Residents of the “Last Frontier” can apply for the program from Jan. 1 to March 31 of each year. Outside of the annual three-month application timetable, there are exceptions for some people to apply at different times.
Any Alaska resident who has yet to be paid their 2022 or earlier year dividends and is “determined eligible during this time” will also be paid by the state program on Oct. 5, according to the Alaska Department of Revenue.
The amount given out to residents as part of the annual Permanent Fund Dividend is determined by mineral revenues for the state that year and is meant “to benefit current and future generations” of Alaskans.