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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. From February ...
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 fund received its first deposit of dedicated oil revenues in 1977, according to the Alaska Permanent Fund Corporation. Three years later, the state legislature approved the first dividend ...
Mar. 26—As the Alaska Permanent Fund has become the financial centerpiece of the state budget, its management has attracted warranted scrutiny. There's a big difference, after all, between a ...
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 ...
Under a law passed by the Alaska Legislature, the settlement money was invested in a separate account of the Alaska Permanent Fund. The Amerada Hess account, worth more than $424 million as of June 30, 2013, may not be used for the payment of Alaska Permanent Fund Dividends and instead is used for infrastructure projects.
Established in 1976, the Alaska Permanent Fund was created to ensure that future generations would benefit from the state's natural resources long after they are depleted. This fund translates Alaska's natural resource revenues into annual dividends distributed to eligible Alaskan residents (Administered by the DOR through the Permanent Fund ...
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.