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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 .
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 .
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 ...
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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 ...
Arctic Slope Regional Corporation was created under the Alaska Native Claims Settlement Act of 1971. [1] The initial shareholders were the 13,000 Iñupiaq Eskimos listed in the 1970 US census.
FBAK increased its quarterly dividend to $20 in May 2016, citing a strong capital account and a unique position to operate competitively versus national chains. As of October 1st, 2021, the stock was trading at $233.74 per share at a P/E ratio of 13.1 and with a dividend yield of 5.48%.
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.