Another round of eligible Alaska residents will receive their one-time direct payment, worth $1,312 per resident, from the Permanent Fund Dividend today.
Distribution of the annual payment to those who have yet to receive their check from the program will continue Thursday, with the fourth wave of 2023 payments sent out since October.
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To be eligible for the program, an applicant must intend to remain a resident of Alaska indefinitely and not be a convicted felon, among other requirements. Alaska residents may apply for the program from Jan. 1 to March 31 of each year, with certain exceptions allowing residents to apply outside that window.
Those who had the "Eligible-Not Paid" status on Dec. 6 and have yet to receive their 2023, or earlier payments, from the state program will receive their check during this wave of distribution.
“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth," Alaska Department of Revenue Commissioner Adam Crum said in a statement. "I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.
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“This year, we processed over 8,000 more applications than in 2022," Crum added. "The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans."
The Permanent Fund Dividend amounts are determined by mineral revenues from the state of Alaska for each year and are meant to benefit current and future generations of residents, according to state officials.
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Stimulus update: Direct payment worth $1312 from Alaska fund goes out today - Washington Examiner
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