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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.
Sep. 9—Eligible Alaskans will receive a $3,284 check, which includes the annual Permanent Fund dividend and a one-time energy relief payment, starting Sept. 20. Gov. Mike Dunleavy announced the ...
A measure making voter registration automatic upon application for the annual permanent fund dividend. [30] Passed [63] 197,702 (64.57%) 108,467 (35.43%) Ballot Measure 2 A constitutional amendment allowing the state to contract debt for postsecondary school loans. [17] Failed [63] 130,867 (44.19%) 165,275 (55.81%)
The U.S. state of Alaska dispenses a form of citizen's dividend in its Permanent Fund dividend, which holds investments initially seeded by the state's revenue from mineral resources, particularly petroleum. In 2005, every eligible Alaskan resident (including children) received a check for $845.76.
1975 photo of Jay Hammond, the former governor of Alaska who is regarded as "the man behind" the foundation of the Permanent Fund of Alaska. 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 ...
The Petroleum Fund of Norway; Permanent School Fund - funds K–12 schools in Texas, mostly from oil and natural gas revenue. Permanent University Fund - funds universities in Texas, mostly from oil and gas revenue. The Alaska Permanent Fund provides annual dividends to residents of the State of Alaska; Public company
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 ...
Under a law passed by the Alaska Legislature, the settlement money was invested in a separate account of the Alaska Permanent Fund. The Amerada Hess account, worth more than $424 million as of June 30, 2013, may not be used for the payment of Alaska Permanent Fund Dividends and instead is used for infrastructure projects. Since the case was ...