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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.
The U.S. state of Alaska dispenses a form of citizen's dividend in its Permanent Fund dividend, which holds investments initially seeded by the state's revenue from mineral resources, particularly petroleum. In 2005, every eligible Alaskan resident (including children) received a check for $845.76.
Social dividend systems have been implemented in limited form on the basis of public ownership of natural resources in the state of Alaska through the Alaska Permanent Fund and in Norway by the Government Pension Fund of Norway. The Alaska Permanent Fund distributes a share in the state's wealth derived from royalty income from oil produced on ...
The Alaska Permanent Fund is a $65 billion fund managed by a state-owned corporation and fueled by oil and gas revenues. Current governor Bill Walker lost popularity for his decision to cut the ...
The Alaska Permanent Fund, which distributes money to Alaska residents annually, could be a model. ... For one, the dividend doesn't come out of taxes; it's paid only annually and doesn't equate ...
Fund Assets Origin Value (in billions) As of Ref. 1 Alaska: Alaska Permanent Fund: 74.455 December 2022 [3] Petroleum: 2 Texas: Permanent School Fund: 55.624 August 2022 [4] Commodity / petroleum: 3 Permanent University Fund: 31.763 August 2022 [5] 4 New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6 ...
Alaska faces the prospect of a partial government shutdown next week amid an ongoing legislative dispute over how much to pay residents in the form of an annual dividend from the state’s nest ...
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.