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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Proposed amendment seeks to protect Alaska Permanent Fund dividends

Posted on 07 February 2014

A proposal by House Democrats to provide constitutional protection for the Alaska Permanent Fund - which provides the yearly check Alaskans receive for their share of state’s oil wealth - got a cool response Thursday from some majority members, who indicated it could limit the options lawmakers have if the state falls on tough financial times.
House Speaker Mike Chenault, R-Nikiski, said legislatures have shown restraint since the Permanent Fund was enacted, but he said blocking off dividends would provide fewer choices if state government exceeded its available revenues………………………………………..Full Article: Source


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