Eligible residents in Alaska are set to get their payment from the 2023 Permanent Fund Dividend in a few weeks.
The estimated $1,300 payment, approved by lawmakers earlier this year as part of the fiscal 2024 budget for the state, will begin distribution in 18 days.
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Alaska officials determine how much payments from the Permanent Fund Dividend are based on the mineral revenues for the state that year, and they are sent to residents of the 49th state “to benefit current and future generations.”
The recipient of the payment from the Permanent Fund Dividend 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.
The payments from the Permanent Fund Dividend will be sent out on Oct. 5 to those who filed electronically, requested direct deposit, and had the “eligible not paid” status as of Sept. 21, according to the state.
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From Jan. 1 to March 31 of every year, Alaska residents can apply for the yearly payment as part of the program. There are exceptions for some people to apply at different times, per state officials.
The Alaska Department of Revenue also says any residents who have yet to be paid their 2022 or earlier year dividends and are “determined eligible during this time” will also be paid on Oct. 5.
