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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 was purchased by the United States in 1867, however, it did not become an incorporated territory of the United States until 1912. [2] The Constitution of Alaska, itself ratified by a vote of the people in 1956, outlined specific guidelines for ballot measures in Article XI, stating that "the people may propose and enact laws by the initiative, and approve or reject acts of the ...
The name "Alaska" (Russian: Аля́ска, romanized: Aljáska) was introduced during the Russian colonial period when it was used to refer to the Alaska Peninsula. It was derived from an Aleut-language idiom, alaxsxaq, meaning "the mainland" or, more literally, "the object towards which the action of the sea is directed". [10] [11] [12]
This fuss-free dish is perfect for holiday gatherings like Feast of the Seven Fishes but easy enough for a weeknight dinner. View Recipe. High-Protein Veggie Sandwich. Ali Redmond.
The government of Alaska in common with state and federal governments of the United States, has three branches of government: the executive, consisting of the Governor of Alaska and the state agencies; the state legislature consisting of two chambers, the House of Representatives and the Senate; and the judiciary consisting of the Supreme court and lower courts.