Sec. 06.65.250. Use as security.
A person may not use a program account or an interest in a program account as security for a loan. If a person pledges a program account or an interest in a program account as security for a loan, the pledge is void.
Sec. 06.65.260. No state obligation.
(a) This chapter may not be construed to create an obligation of the state, the department, or an agency or instrumentality of the state to guarantee for the benefit of a designated beneficiary (1) the return of the principal deposited in the program account; (2) a rate of interest or other return on the principal […]
Sec. 06.65.270. Confidentiality.
The department, the Department of Health, and another state agency that receives information under AS 06.65.280 shall maintain the confidentiality of the information they receive or exchange under this chapter about eligible individuals, designated beneficiaries, and program accounts as required by state and federal law.
Sec. 06.65.280. Exchange of information.
The department may exchange information with the Department of Health and other state agencies to determine whether an individual is an eligible individual.
Sec. 06.65.130. Number of program accounts.
An eligible individual may not be the designated beneficiary on more than one program account.
Sec. 06.65.290. Treatment under means test programs.
(a) Notwithstanding a contrary provision of law, a state agency may not consider a program account amount in this or another state when determining the eligibility of the designated beneficiary of the program account to receive state assistance or state benefits or when determining the amount of state assistance or state benefits to be received […]
Sec. 06.65.140. Program account application.
The application for a program account must be in the form established by the department and contain (1) the name, address, and social security number of the program account owner and, if applicable, the representative who opens the program account for the eligible individual; and (2) additional information that the department and the secretary determine […]
Sec. 06.65.300. Deposit from permanent fund dividend.
A person who is eligible under AS 43.23 to receive a permanent fund dividend may make a deposit into the program account of a designated beneficiary from and up to the amount of the person’s permanent fund dividend.
Sec. 06.65.150. Program account establishment fee.
The financial contractor may charge an eligible individual a nonrefundable fee for establishing a program account. The department shall establish the amount of the fee by contract with the financial contractor or by regulation.
Sec. 06.65.310. Program expense fund.
(a) The program expense fund is established as a separate fund of the state in the general fund. (b) The program expense fund consists of money appropriated to the fund to pay the expenses of the program. (c) The department shall pay the expenses incurred by the department to implement and administer the program from […]