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JUNEAU, Alaska (AP) — Nearly every Alaskan will receive a $1,312 check starting this week, their annual share from the earnings of the state’s nest-egg oil fund. Some use the money for extras ...
The Alaska Permanent Fund (APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC). [1] It was established in Alaska in 1976 [ 2 ] by Article 9, Section 15 of the Alaska State Constitution [ 3 ] under Governor Jay Hammond and Attorney General Avrum Gross .
In the state of Alaska, residents receive annual dividends from a permanent fund funded partially by oil-lease revenues. In 2013, the dividend came to $900 per resident. In 2013, the dividend came to $900 per resident.
Citizen's dividend is a proposed policy based upon the Georgist principle that the natural world is the common property of all people. It is proposed that all citizens receive regular payments ( dividends ) from revenue raised by leasing or taxing the monopoly of valuable land and other natural resources .
Goods and groceries run higher than the average, but become a permanent Alaska resident and the state will pay you a varying amount from the oil-funded Permanent Fund Dividend. Vito Palmisano ...
Put simply, a permanent fund may be used to generate and disburse money to those entitled to receive payments by qualification or agreement, as in the case of Alaska citizens or residents that satisfy the rules for payment from their permanent fund from State oil revenues. It was first introduced through GASB Statement 34. The name of the fund ...
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The Act lays out the specifics of the corporations' status. Here is an excerpt of the relevant portion: [5] 43 U.S.C. § 1606 (a) Division of Alaska into twelve geographic regions; common heritage and common interest of region; area of region commensurate with operations of Native association; boundary disputes, arbitration.