Gov. Mike Dunleavy urged the Legislature to send some of the money to Alaskans in the form of $3,700 in permanent fund dividends.
The Legislative Budget and Audit Committee voted 10-0 to issue subpoenas to all six of the corporation’s board members, four employees and a Department of Revenue worker.
A House bill would limit individual contributions to candidates to $2,000 over two years.
Dunleavy said the suspension would help Alaskans affected by rising fuel prices and inflation.
The Alaska Constitution says that public employee retirement benefits “shall not be diminished or impaired.” But the state and retirees have differed on how to interpret this guarantee.
A member of a group that represents Asian and Pacific Islander people in Alaska says changing the name would recognize the role Filipino Americans have played in the state for 100 years.
Revenue Commissioner Lucinda Mahoney said the value of state-held Russian investments has declined from $267 million at the end of 2021 to a current estimate of no more than $15 million.
The budget proposal unveiled on Friday by the House Finance Committee would spend over $4 billion in state funding to run state government. That’s $148 million more than Dunleavy proposed.
He also requested further actions from the federal government and Alaska businesses and individuals.
The money would provide relief for high fuel costs, inflation and the COVID-19 pandemic.