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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials, Performance

Alaska lawmaker plans appeal in dividend case

Posted on 18 November 2016

A state senator who challenged Gov. Bill Walker’s cut to the Alaska Permanent Fund dividend this year plans to appeal a judge’s decision that found that Walker acted within his authority. Sen. Bill Wielechowski of Anchorage said it was always expected that the case would be decided by the Alaska Supreme Court.
Wielechowski and two former legislators brought the case, arguing the Alaska Permanent Fund Corp. was obligated by law to make available nearly $1.4 billion from the fund’s earnings reserve for dividends, in spite of a Walker veto reducing that amount…………………………………….Full Article: Source


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