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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.
Most taxpayers in 21 states that sent out stimulus checks or tax rebates in 2022 don’t need to pay federal taxes on those payments. ... the annual payment of Alaska's Permanent Fund Dividend ...
The Alaska Permanent Fund, which distributes money to Alaska residents annually, could be a model. Challenges include funding sources, legislative hurdles, and state-owned natural resources.
1 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 ...
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 ...
The Alaska Permanent Fund distributes a share in the state's wealth derived from royalty income from oil produced on state-owned land and oil reserves to each individual in the form of a dividend payment on the basis of citizenship. [22] In the People's Republic of China regional social dividend-type systems are in place.
The state of Alaska contracts its EBT card services through a company called Fidelity Information Services to provide what is called the Alaska Quest Card. This card is used for SNAP benefits and...
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 ...