It sets a goal of increasing the amount of the Permanent Fund assets invested in-state to at least 5 percent in five years.
"Alaska Permanent Fund"
Kodiak-based district sees challenger to caucus-switching Republican
Most of Alaska’s contested primaries are among Republicans. How moderates like Louise Stutes fare could determine who sets the agenda for the next Legislature.
Rating agency improves Alaska’s credit outlook
It took the action Friday in part as a response to a new state law that outlines a plan to draw money from permanent fund earnings to pay for state government.
Avrum Gross: Gov. Hammond’s ‘long-haired hippie’ ally, attorney general and in-house antagonist
Avrum Gross died in May 2018. The East Coast Democrat and lawyer was an unlikely ally of Republican Gov. Jay Hammond. He served as Alaska’s attorney general during the permanent fund’s seminal years.
What does it mean to use Permanent Fund earnings for state government?
The Legislature recently voted to use Permanent Fund earnings for government operations for the first time – but how does that work and what are they changing?
Legislature passes state budget before adjourning
There would be $5.4 billion spent on the part of the operating budget the Legislature focuses on. It’s $433 million higher than the current budget.
Lawmakers pass permanent fund draw, spar over PFD effect
For the first time in the Alaska Permanent Fund’s 40-year history, the Legislature has adopted a plan to draw money from the fund to pay for state government. Gov. Bill Walker says he’ll sign it.
Legislature’s plan to draw from permanent fund is silent on PFDs
Under this compromise bill, the Legislature would have to set PFD amounts each year, or it would have to set a formula through a different bill.
Third grand jury returns with Roland Maw indictment alleging PFD fraud
Roland Maw, 74, was the former executive director of the United Cook Inlet Drift Association. He was charged with six felony counts of first degree unsworn falsification and six felony counts of second degree theft.
Alaska Senate set to debate state budget on Thursday
The biggest difference from the House budget is that the Senate bill does not include $1.28 billion for school funding. The Senate would provide that money in separate legislation.