Search results
Results From The WOW.Com Content Network
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]
Jay Sterner Hammond (July 21, 1922 – August 2, 2005) was an American politician of the Republican Party, who served as the fourth governor of Alaska from 1974 to 1982. . Hammond was born in Troy, New York and served as a Marine Corps fighter pilot in World War II with the Black Sheep Squa
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 ...
The Alaska Permanent Fund is a state-owned investment fund established in 1976 to invest surplus revenue from Alaska's oil and gas reserves. The PFD is an annual payout from the fund's earnings to eligible Alaska residents. During Governor Bill Walker's administration, the payments were reduced through the legislative budget process. [69]
Under Governor Miller, Alaska completed the sale of land leases in Prudhoe Bay, which brought a windfall of $900 million. [8] The funds from the oil leases were seven times the state’s budget and seven years after he first proposed an investment fund for oil royalties, Governor Jay Hammond established the Alaska Permanent Fund. [9] [10]
Goods and groceries run higher than the average, but become a permanent Alaska resident and the state will pay you a varying amount from the oil-funded Permanent Fund Dividend. Vito Palmisano ...
News, Politics, Sports, Mail & Latest Headlines - AOL.com