abstract:The Alaska Permanent Fund is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC). The fund was established in Alaska in 1976 by Article 9, Section 15 of the Alaska State Constitution under Governor Jay Hammond.
About a quarter of Alaska's oil and gas royalties goes into an entity called the PermanentFund, the assets of which are managed by investment professionals.
Let's hope this program is modeled on the one in Alaska: About one-fourth of the state's oil and gas royalties goes into an entity called the PermanentFund, the assets of which are managed by investment professionals.