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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.
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] Petroleum: 5 Wyoming: Wyoming Permanent/Endowment Funds 12 ...
The money is made available through the Alaska Permanent Fund Dividend, which was established more than four decades ago to let residents share in the state’s vast oil revenues. The fund ...
The Alaska Permanent Fund is a legislatively controlled appropriation established in 1976 to manage a surplus in state petroleum revenues from the recently constructed Trans-Alaska Pipeline System. From its initial principal of $734,000, the fund has grown to $40 billion as a result of oil royalties and capital investment programs. [27]
The U.S. Senate had opposed similar legislation in the past and filibusters were threatened. [17] On December 2, 1980, Carter signed into law the Alaska National Interest Lands Conservation Act, which created more than 104 million acres (42 million ha) of national parks, wildlife refuges, and wilderness areas from federal holdings in that state.
The Land Grant Permanent Fund is the largest fund with a balance of over $30 billion, according to a February investment holdings report from the SIC. ... USA TODAY Sports. Duke's 16-game winning ...
Alaska also is included in this group, except for those who received the annual payment of Alaska's Permanent Fund Dividend. That is considered taxable income on federal tax returns, the statement ...
In 1976, the Alaska Permanent Fund was created by an amendment to the State Constitution. After years of political negotiations about what to do with the returns to the fund, Jay Hammond used the power of his office to craft an agreement to create a genuine universal basic income-- the Permanent Fund Dividend. Since implementation of the ...