(JUNEAU) - The Alaska State Senate passed HB 494, a bill that changes how the State of Alaska distributes various funds. Sponsored by Representative Pete Kott (R-Eagle River), HB 494 passed the floor by a vote of 18-0.

The state of Alaska issues approximately 96,500 checks per month for everything from unemployment payments to vendor payments. By distributing state funds electronically, the state would save a significant amount of money, and cut costs associated with check fraud, postage, printing, and various other expenditures.

Speaker Kott was pleased with the passage of the bill. "Not only will this legislation save the state of Alaska money, but it will also ensure that Alaskans receive state disbursements quickly and efficiently. This is a win-win situation. Government agencies face increased pressure to reduce costs while simultaneously improving delivery service to the public."

HB 494 now awaits the Governor's signature.

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