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

Putting Permanent Fund dividend in the Constitution could be harmful in a shortfall

Posted on 10 February 2014

Legislators get paid to make decisions. We expect them to make not only the small ones but also the big ones. With that in mind, the idea of cementing the annual Alaska Permanent Fund dividend program in the state Constitution to prevent legislators from steering money away from it for other purposes is a bad idea. But that’s what House Joint Resolution 17 would do.
The Permanent Fund itself is a part of the Alaska Constitution. Voters overwhelmingly approved it in 1976, adding Section 15 to Article IX…………………………………..Full Article: Source


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