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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Performance

Permanent fund deposits to increase

Posted on 31 October 2008

From Juneauempire.com: Future dividends from the Alaska Permanent Fund will get a boost, as high oil prices this year have enabled the state to stop diverting oil royalty payments from the fund to state government operations.

In 2003 the Alaska Legislature reduced from 50 to 25 percent the amount of money from mineral royalties and lease sales that went to the permanent fund. The Alaska Constitution calls for at least 25 percent to go to the permanent fund, but in 1980 the Legislature boosted that to 50 percent….. Full Article: Source


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