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Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, allowing it to disperse checks to Alaska residents. The US is considering a sovereign wealth fund.
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 ...
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. Squabbling over the oil checks' size has resulted in ...
Alaska collects most of its revenue from corporate taxes on the oil ... Alaska: 255,971: 29.60%: 227,852: 26.40%: ... year 2012. These statistics include tax ...
Matt Steele and his wife have imagined buying land for their kids so they can one day “live the Alaskan dream.” He says he sees a proposal by Republican Gov. Mike Dunleavy, to let residents ...
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] Starting in 1982, dividends from the fund's annual growth have been paid out each year to eligible Alaskans, ranging from $331.29 in 1984 to $3,269.00 in 2008 (which included a one-time $1200 "Resource ...
Still, opening the coastal plain to drilling has been a longtime goal for members of Alaska's congressional delegation. In 2017, they added language to a tax bill mandating two oil and gas lease sales by late 2024.