The window for eligible residents in Alaska to apply for the 2024 Permanent Fund Dividend program will close in five days.

Eligible residents in the “Last Frontier” can get a direct payment annually based on Alaska’s mineral revenues for that year via this program. Applications can be filled out online or via a paper form through March 31.

Applicants must intend to remain a resident of Alaska indefinitely and not be a convicted felon, among other requirements, to qualify for a payment from the program.

An Alaska resident must apply during the application period to get a check this year, even if he or she has received a payment from the Permanent Fund Dividend in the past.

Applications for the state program have been open since January. Nearly all residents must apply during the current three-month period to get payment later this year, but there are some exemptions allowing select Alaskans to apply outside the regular application period. These exceptions can be found on the state’s website.

The amount the Permanent Fund Dividend offers each year varies, with the payments sent last year being worth $1,312. The checks for 2023 began going out to eligible residents in October and continue to go out to those who have yet to get their checks from the state.

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“This year, we processed over 8,000 more applications than in 2022,” Alaska Department of Revenue Commissioner Adam Crum said in a statement about the 2023 payments. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”

Further details about the program, including eligibility requirements, can be found on the Alaska Department of Revenue’s website. An applicant may also view the status of his or her application on the website.