Alaska Administrative Code — Title 15 (Revenue)
15 AAC 23.243
Interest
# (a)
Dividends held in trust by a public agency in accordance with AS 43.23.015(e) will be invested by the department together with other money under AS 37.10.070. No separate investment accounts for individual applicants will be maintained. Monies held in trust and invested will be paid interest at the average rate earned by all money invested in accordance with AS 37.10.070 from the date the application is approved and processed for payment by the department to the date the claim for payment of the money is filed by or on behalf of the individual on whose behalf the public agency filed.
# (b)
Except as provided in (c) of this section, interest accrues on assessments of disallowed dividend payments at the rate established in AS 45.45.010 on the balance of the dividend owing.
# (c)
Interest does not accumulate on an assessment of a disallowed dividend if the dividend is repaid within 60 days after the determination of disallowance becomes final.
(Eff. 1/1/93, Register 124)
Statutory Authority:
Authority:
AS 43.23.015 AS 43.23.055
Amendment history
Eff. 1/1/93, Register 124
Source: official source document (full AAC Title 15 PDF)
In this chapter (40 sections)
- 23.140 · Child state resident
- 23.143 · Establishing and maintaining Alaska residency
- 23.145 · Applications generally for 1990 and subsequent years
- 23.150 · Allowable absences
- 23.153 · Eligibility of aliens
- 23.154 · Eligibility of aliens
- 23.155 · Child's application for 1990 and subsequent years
- 23.160 · Applications generally
- 23.163 · Allowable absences
- 23.165 · Disabled, incompetent, or other adult application for 1990 and
- 23.170 · Child's application
- 23.173 · Proof of eligibility
- 23.175 · Allowable absence for 1990 and subsequent years
- 23.180 · Disabled, incompetent, or other adult application
- 23.183 · Individuals identified as incarcerated for certain offenses
- 23.185 · Proof of eligibility for 1990 and subsequent years
- 23.190 · Proof of eligibility
- 23.193 · Payment of dividends to individuals identified as…
- 23.200 · Determinations of amount of dividend and method of making
- 23.203 · Assignments
- 23.210 · Attachments
- 23.213 · Attachments
- 23.220 · Assignments
- 23.223 · Payment of dividends
- 23.233 · Disallowance of claims and recovery of assessments
- 23.240 · Disallowance of claims and recovery
- 23.243 · Interest
- 23.250 · Disclosure
- 23.253 · Disclosure
- 23.263 · Fees and fines
- 23.300 · Definitions
- 23.310 · Application for beneficiary organization
- 23.320 · Withdrawal or change of contribution
- 23.330 · Authorized notification of contributions
- 23.340 · Contribution list appeals
- 23.350 · Payment of contributions
- 23.360 · Permanent fund dividend donations for educational purposes and…
- 23.370 · Permanent fund dividend raffle procedures
- 23.990 · Definitions
- 23.993 · Definitions