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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 .
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] Starting in 1982, dividends from the fund's annual growth have been paid out each year to eligible Alaskans, ranging from $331.29 in 1984 to $3,269.00 in 2008 (which included a one-time $1200 "Resource ...
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 constitutionally authorized appropriation of oil revenues, ... (which included a one-time $1,200 "Resource Rebate"). Every year, the ...
The Permanent Fund of Alaska in the United States provides a kind of yearly basic income based on the oil and gas revenues of the state to nearly all state residents. More precisely the fund resembles a sovereign wealth fund , investing resource revenues into bonds , stocks , and other conservative investment options with the intent to generate ...
In fact, the Population Resource Bureau says Texas, Alaska and Utah are the three youngest states in America — with 13.2%, 13.1% and 11.7% of the population age 65 and older. By comparison, the ...
In 1976, the Alaska Permanent Fund was created by an amendment to the State Constitution. After years of political negotiations about what to do with the returns to the fund, Jay Hammond used the power of his office to craft an agreement to create a genuine universal basic income-- the Permanent Fund Dividend. Since implementation of the ...
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