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The New Mexico Land Grant Permanent Fund (LGPF) is a permanent fund that provides revenues to New Mexico's public schools and universities, among other special beneficiaries. [1] Its assets include mineral rights throughout the state. [2] It is one of the largest permanent funds in the United States, managing more than $28.65 billion in total ...
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 12.6: March 2017 [7] Minerals 6 North Dakota: North Dakota Legacy Fund: 8.2 ...
Apr. 15—AAround $53 billion in state assets sit with the New Mexico State Investment Council. That's over five times more than the record-breaking $10.21 billion budget the governor in March ...
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
New Mexico’s sovereign wealth fund is investing $50M in a bet that scientists will build startups in Albuquerque. Jessica Mathews. Updated September 5, 2024 at 12:41 PM.
Jul. 15—The New Mexico Vintage Fund has fully deployed its second-round 2023 fund, investing in companies across New Mexico and in some headquartered in Santa Fe. Since the fund's founding in ...
The Permanent School Fund (PSF) was created in 1854 to benefit primary and secondary schools, with the Permanent University Fund (PUF) following in 1876 to benefit universities. The PUF was endowed with public lands, the ownership of which the state retained by terms of the 1845 annexation treaty between the Republic of Texas and the United States.
Put simply, a permanent fund may be used to generate and disburse money to those entitled to receive payments by qualification or agreement, as in the case of Alaska citizens or residents that satisfy the rules for payment from their permanent fund from State oil revenues. It was first introduced through GASB Statement 34. The name of the fund ...