Alaska Permanent Fund
It’s been 25 years since the first check from the state’s share of oil royalties was deposited and invested in what is now known as the Alaska Permanent Fund. That account has grown to over 24-billion dollars and is now seen as a potential vehicle for helping the state pay for it’s growing deficit. Meanwhile, the Alaska Permanent Fund Corporation celebrates the anniversary of the first deposit by looking ahead to the next 25 years and beyond. This segment includes an excerpt of a story that aired in June of 2000 that focused on the Corporation’s creation and it’s 20th anniversary.