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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 .
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 ...
The session, announced in May, is intended to write a new formula for the annual Alaska Permanent Fund dividend payment, though the issue has not yet been listed on the session's formal agenda. In ...
The Alaska Permanent Fund is often mentioned as one of the few existing basic income systems in the world. Since 1982, the Fund has paid a partial basic income to all (permanent) residents averaging approximately $1,600 annually per resident (adjusted to 2019 dollars) from the state's oil production revenues. [ 14 ]
Residents also get a cut of the state's oil wealth, courtesy of annual dividends from the Alaska Permanent Fund, which often exceeds $1,000. But if you're nearing retirement age, don't start ...
Alaska faces the prospect of a partial government shutdown next week amid an ongoing legislative dispute over how much to pay residents in the form of an annual dividend from the state’s nest ...
As a candidate [67] and governor, Dunleavy advocated for the Alaska Permanent Fund Dividend (PFD), consistently pushing for full statutory payments to Alaskans. [68] 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 ...
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 ...