Rep. Pruitt to Dunleavy: Release PFDs early


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House Minority Rep. Lance Pruitt is asking Gov. Mike Dunleavy to direct the Alaska Department of Revenue to distribute this year’s Permanent Fund dividend payments as soon as legally possible.

“The law gives the Governor and Commissioner of Revenue wide latitude as far as payment of the Permanent Fund Dividend,” Pruitt said. “Rather than wait until the traditional October date, releasing the funds as early as he legally can after the July 1 effective date, would give immediate critical financial assistance to Alaskan families and also infuse our state’s economy with cash it desperately needs during this difficult time.”

In a letter to the governor, Pruitt encouraged Dunleavy to notify the Permanent Fund Corporation of his intentions as soon as possible so investments can be liquidated without significant loss. It would also enable the state to get cash into the hands of Alaskans quickly, several weeks after the federal stimulus payments are delivered.