The Alaska Permanent Fund is a constitutionally established sovereign wealth fund created by the State of Alaska in 1976 to save a share of the state's oil and mineral revenue for current and future generations of Alaskans. From its creation until 1980 the fund's assets were managed directly by the Department of Revenue's Treasury Division, after which the Alaska State Legislature created a dedicated management corporation to oversee its investments; the fund itself is widely known for its annual Permanent Fund Dividend, a direct payment to eligible Alaska residents drawn from the fund's investment earnings.
Facts
Geography
Country or Jurisdiction ServedWikidata Q2061000, property P17 (country). Classification
Institution SubtypeSourced to the subject's own accountGovernment Treasury or Finance Ministry 1 Founding YearSourced to the subject's own account In the Other Atlases
Sources
1. Alaska Permanent Fund (Wikipedia)
WikipediaLead section, second sentence
It was established in Alaska in 1976 by Article 9, Section 15 of the Alaska State Constitution under Governor Jay Hammond and Attorney General Avrum Gross.
Introduction, institution-subtype
From its creation until 1980 the fund's assets were managed directly by the Department of Revenue's Treasury Division, after which the Alaska State Legislature created a dedicated management corporation to oversee its investments; the fund itself is widely known for its annual Permanent Fund Dividend, a direct payment to eligible Alaska residents drawn from the fund's investment earnings.
View the Source 2. Wikidata
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