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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 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]
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 1986 the State of Alaska agreed to fund and take ownership of a road (DeLong Mts. Transportation System) from Red Dog to the coast, and a shallow-water port site. Also in 1986, residents of Kotzebue and 10 other area villages voted to form the Northwest Arctic Borough, to be economically based on taxing the Red Dog mine. Construction of the ...
The amount of the rebate is income-based, with homeowners earning up to $150,000 qualifying for $1,500 and those earning $150,000 to $250,000 receiving $1,000. Renters are also entitled to $450 ...
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The NLP collaborates with organizations from Alaska and Western Canada to find indigenous-lead solutions to issues in arctic regions. [25] The NLP works to design resources and strategies that will mitigate the effect of floods and storms, while spreading knowledge about the perseverance of rural Alaska and different regions of Canada. [26]