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6 answers

"Everything I know, I learned from The Simpsons."

No to the free land (that ended long ago).

Yes, to the free money. The "Permanent Fund Dividend" (PFD). 2/3s of it was direct deposited 2 weeks ago. Most of the rest yesterday. People who want paper checks will get them in a week or two. $1,654 per person this year (highest ever).

The Permanent Fund was created from 1/2 the oil royalities the state gets. It sits at about $40 billion now. 1/2 the fund proceeds (interest, dividends) goes to inflation-proofing the fund. The other hald get handed out equally to all qualified residents. You qualify by spending a calender year in AK and then filling out the form the next year.

Almost all Alaskans qualify. Men, women, children, unemployed, seniors, etc. Even newborns born in 2006 (the October 2007 checks are for calender year 2006 residency). If you are outside the state for too long, you don't qualify. But military service is allowed. Some ne-er-do-wells have had their PFDs garnished by the state or IRS for back taxes, child support, court orders, etc.

Each year, you fill out a form. One for yourself, one for a spouse, one for each kid. You check boxes that you weren't gone for more than 120 days, that you plan to remain in the state, that you are a resident, etc. Sign it, submit it by March (?). In October they send out the money.

Personally, I think the state should spend it on schools, but if they keep sending it out, I'll keep putting it in the kid's college fund. Much more commonly, people buy Hawaiian vacations, guns, snow machines (snowmobiles to you southerners), down payments on new cars, etc. The lines at the bank yesterday were incredible. Some fraction of people seem to want it as cash as soon as possible.

Sometimes, when you pay people just for taking up space, that is what they do.

2007-10-18 08:28:51 · answer #1 · answered by David in Kenai 6 · 1 0

a million. Babe 2. The Birds 3. Seabiscut 4. Lassie Come living house 5. the three Lives of Thomasina 6. My dogs pass 7. Gorillas contained in the Mist 8. Moby Dick 9. Homeward sure 10. Ol' Yeller

2016-10-21 06:49:16 · answer #2 · answered by novielli 4 · 0 0

It is true.

"The Alaska state constitution claims common heritage rights of ownership of oil and other minerals for the people of the state as a whole. Citizen dividend checks are distributed every year in Alaska out of the interest payments to an oil royalties deposit account called the Alaska Permanent Fund (APF) created in 1976 after oil was discovered on the North Slope."

2007-10-16 10:18:55 · answer #3 · answered by SaberBlade 6 · 0 1

Yes, it's true. All residents of Alaska get a share in the oil profits. You can also get free land up there with the promise to build a house and settle there.

2007-10-16 10:22:02 · answer #4 · answered by I'm back...and this still sucks. 6 · 0 1

Yes, the Permanent Fund Dividend was $1650. this year for every eligible man, woman, and child. It is a return from the investments from the oil profits.

The other poster was wrong about the land bit. You can no longer homestead land.

2007-10-17 01:40:38 · answer #5 · answered by Snow B 5 · 1 0

yeah its true

2007-10-19 04:13:42 · answer #6 · answered by ;) 5 · 0 1

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