Alaska residents will be able to receive a payment of $1,312 on October 5. This will be part of the Alaska Permanent Fund Dividend (PFD). This money works like a stimulus check to help people get ahead with their expenses.
The program is funded by a state investment fund that was created 42 years ago to manage the revenues obtained from the state of Alaska’s mining industry.
To participate in the program, the person must live in that state and commit to staying there indefinitely at the time of applying.
The person applying must have no criminal record and not claim residency in another state during that same year.
“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth”said Adam Crum, commissioner of the Alaska Department of Revenue.
“I would like to thank our Permanent Fund Dividend Division for their tireless work throughout the year in administering the program and processing applications,” Crum added.
“This year, we processed more than 8,000 more applications than in 2022. The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans,” he continued.
Alaska residents who are eligible and requested the payment online, to be directly deposited, will receive their money on Wednesday of this week.
The amount of money distributed from the Permanent Fund depends on what the mining industry has earned that year for the state.. The state says this is to help people living in Alaska now and in the future.
· Applications to receive a stimulus check of $675 dollars close on October 1 · Stimulus check: who will receive a direct payment of up to $1,300 dollars at the end of the month
· Stimulus check: who has until October 1 to apply for a direct payment of $675 dollars