Establishes funds for senior citizen grants and education, and creates raffles for these funds using donations from permanent fund dividends.
The bill creates the senior citizen grants endowment fund and the senior citizen grants dividend raffle fund. It also establishes the education endowment fund and the education dividend raffle fund. Donations from permanent fund dividends are used for these funds. The senior citizen grants endowment fund receives 25% of the donations, which are then distributed as grants to organizations providing meals, transportation, and supportive housing to seniors. The senior citizen grants dividend raffle fund uses the remaining 25% of donations for a raffle with prizes based on the fund's balance.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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