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Topic: Alaska Permanent Fund

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	Alaska Permanent Fund - Wikipedia, the free encyclopedia
		The Alaska Permanent Fund was established by a constitutional amendment in 1976 to invest proceeds from the sale of minerals, especially oil through the Trans-Alaska Pipeline System, for the benefit of current and future Alaskans.
		In 1980, the Alaska State Legislature created the Alaska Permanent Fund Corporation to manage the Permanent Fund's assets as well as other state investments as designated by law.
		Each year, the fund's realized earnings are split between inflation-proofing, operating expenses, and the annual Permanent Fund Dividend, which provides Alaskans who have resided in the state at least one calendar year an annual payment averaging $1,000 (although that has been substantially more in recent years).
	www.wikipedia.org /wiki/Alaska_Permanent_Fund (315 words)

	THE ALASKA PERMANENT FUND
		The Alaska Permanent Fund is a case study in a new concept of the role of government - that of agent to equitably distribute resource rents to the people, thereby securing democratic common heritage rights to land and natural resources.
		The Fund was established as an inviolate trust, meaning that the principal of the Fund is to be invested in perpetuity.
		The Alaska Permanent Fund is a well-managed, transparent and democratic institution.
	www.progress.org /cg/alaska03.htm (4251 words)

	Iraqi Permanent Fund (Site not responding. Last check: 2007-10-12)
		The Fund was an exciting concept that might well have been killed off before it even got started; it could have been structured in such a way as to contain the seeds of its own destruction.
		Although the Fund is part of state government itself, it is managed by the Permanent Fund Corporation, a separate and independent instrumentality of the state.
		In conclusion the Permanent Fund and the surrounding economic, political and social environment in which it exists is endowed with the correct blend of ingredients necessary to the Fund’s long-term survival.
	www.iraqipermanentfund.com /uncommon_success.html (1651 words)

	Information: State Budget Basics 102 - Alaska's Permanent Fund
		Since its inception, the Permanent Fund has grown to more than $26 billion as of April 30, and is considered one of the 100 largest investment funds in the world.
		The fund should be used as a savings device managed to allow the maximum use of disposable income from the fund for purposes designated by law.
		Alaska's legislators, who have made a conscious effort to preserve and enhance the fund for future generations have bolstered that legacy.
	www.akrepublicans.org /pastlegs/opedpearce104071999.htm (590 words)

	Information: Alaska Permanent Fund History Recapped
		All income from the permanent fund shall be deposited in the general fund unless otherwise provided by law.
		The fund could not be used to fund the general operating expenditures or capital improvements of the State.
		The income of the fund would be deposited into the general fund without any permanent fund restrictions.
	www.akrepublicans.org /pastlegs/opedausterman105051999.htm (997 words)

	AKBottomLine.com :: Interactive coverage of the fiscal future of Alaska
		Since the 1999 advisory vote in which voters emphatically rejected using the Alaska Permanent Fund for government purposes, the state Legislature and governor have made attempts to balance the state’s budget through a variety of familiar means: Budget cuts, overtures to industry, taxes and—last but not least—using the permanent fund.
		Alaska has a $26.6 billion Permanent Fund—a rainy day account, to some—but Alaskans have failed to be persuaded to open up the account for government use.
		The functioning of the Alaska Permanent Fund is a mixture of the state constitution, statutes, regulations, and the will of legislators.
	www.akbottomline.com (698 words)

	Iraqi Permanent Fund (Site not responding. Last check: 2007-10-12)
		However, the Alaska Permanent Fund is the only entity that pays a dividend to the people it serves and may be the most important model in terms of direct affect on the entire population.
		This unparalleled distribution of funds is far different than that of the recent past, during which wealth flowed to a despot and his political party and the ordinary citizen received nothing.
		The Permanent Fund should not attempt to serve both savings and developmental functions nor should it serve as a guarantor of the liabilities of the government or its agencies.
	www.iraqipermanentfund.com /memo_to_senator.html (895 words)

	Encyclopedia: Alaska Permanent Fund (Site not responding. Last check: 2007-10-12)
		Map of the pipeline The Trans-Alaska Pipeline System (TAPS), usually called the Alyeska Pipeline in Alaska or the Alaska Pipeline elsewhere, is a major U.S. oil pipeline connecting oil fields in northern Alaska to a sea port where the oil can be shipped to the Lower 48 states...
		The Alaska Legislature is the state legislature of the U.S. state of Alaska.
		The Alaska Permanent Fund Dividend program was created by state legislation in 1980 to share the wealth of the Alaska Permanent Fund with the people of Alaska.
	www.nationmaster.com /encyclopedia/Alaska-Permanent-Fund (517 words)

	In the late 1960s, vast quantities of oil were found in extreme northern Alaska along the shore of Prudhoe Bay, an ...
		’s Fund is protected by an amendment to the State constitution that requires the passing of another ballot proposition in order to change it.
		To the south of the ED are the 32 employees of the APFC, all of whom are hired by him.
		To the east of the ED of the APFC are the 20 Senators and 40 representatives of the Alaska State Legislature.
	www.publications.villanova.edu /Concept/2003/APFCedit.htm (3237 words)

	Alaska Permanent Fund Dividend (Site not responding. Last check: 2007-10-12)
		The original program was to give each adult Alaska resident $50 for each year of residency, but this was challenged in court by Ron Zobel and payments were put on hold.
		The dividend payments are based on a five-year average of the Permanent Funds earnings, which helps to stabilize the dividends as the stock market and oil market changes from year to year.
		The Alaska Permanent Fund Corporation has pushed in recent years for a change in the funds management style to a Percent of Market Value approach, which is used by many other trust fund management agencies.
	read-and-go.hopto.org /Government-of-Alaska/Alaska-Permanent-Fund-Dividend.html (313 words)

	SitNews - Alaska Permanent Fund returns 14.1 percent for fiscal year
		Alaska - The Alaska Permanent Fund ended the fiscal year on June 30, 2004 with a 14.1 percent return and a total value of more than $27.4 billion, according to preliminary Alaska Permanent Fund Corporation figures.
		The Fund saw growth from two sources, receiving oil revenues of $353 million and a $3.4 billion increase in the value of the investments.
		After accounting for the scheduled $581 million payment to the Permanent Fund Dividend Division, the Fund had a net growth of $3.2 billion over the fiscal 2003 year-end balance.
	www.sitnews.us /0804news/080204/080204_pfd.html (359 words)

	Scoop: Keith Rankin: Good Fund?
		The APF dates from 1976, a time when a number of countries or provinces within federations were scrambling to develop their energy resources.
		Residents of Alaska, who have a direct stake in the profits of the fund - half of which are reinvested and half of which are paid as dividends to each resident - firmly voted "no" in a recent referendum which proposed cutting dividends as a means of eliminating future budget deficits.
		Alaska's energy resources remain firmly in public ownership, and the pattern of benefit distribution is so equitable that some might call it 'communistic'.
	www.scoop.co.nz /stories/HL0102/S00037.htm (1530 words)

	American Prospect Online - ViewPrint
		Hammond felt strongly that Alaska's oil wealth belonged to its people, not its government (he described Alaskans as "stockholders in Alaska, Inc."), and that their windfall should not be squandered.
		Through the Permanent Fund he sought to curb government spending, strengthen Alaska's economy for the long run, and fairly distribute the state's fortuitous inheritance.
		As an analog to the Alaska Permanent Fund, we've proposed a trust whose underlying asset is America's share of the atmosphere's carbon absorption capacity.
	www.prospect.org /web/page.ww?section=root&name=ViewPrint&articleId=4531 (3397 words)

	JuneauAlaska.com: PFD Information: Alaska Permanent Fund history timeline
		It is vetoed and Gov. Jay Hammond seeks the establishment of the fund through an amendment to the state constitution.
		1977: The fund receives $734,000 as its first deposit from oil revenues; The first oil tanker with Prudhoe Bay oil leaves Valdez; and four years of debate begin over whether the fund should be managed as a public trust or as an economic development bank.
		Fund money is put into the international stock market for the first time.
	www.juneaualaska.com /pfd/timeline.shtml (440 words)

	My PFD Check - Distribute the Alaska Permanent Fund Dividend Check Alaska PFD Alaska Dividend Check PFD Check alaska pfd
		The Alaska Permanent Fund was established to benefit all Alaskans through the sale and lease of mineral rights; the majority of which were oil leases at Prudhoe Bay.
		The Alaska Legislature, facing years of budget shortfalls through mismanagment is debating the use of the fund to pay for basic services.
		Your Alaska Permanent Fund dividend check is in danger of being taken from you by the Alaska Legislature.
	www.mypfdcheck.com (186 words)

	--> ALASKA PERMANENT FUND DIVIDEND :: (Site not responding. Last check: 2007-10-12)
		To be eligible for a Permanent Fund Dividend, you must: Have been an Alaska resident for the entire...
		Your Alaska Permanent Fund dividend check is in danger of being taken from you by the...
		Alaska Permanent Fund Dividend, oil natural resource royalties invested, returning an annual equal dividend to every child and adult in Alaska alaskadividend.com/war2years Fairbanks Alaska 2005...
	www.dk-world.de /8731 (337 words)

	The Alaska Permanent Fund: A Model of Resource Rents for Public Investment and Citizen Dividends
		The Alaska Permanent Fund was thus established as a state institution with the task of responsibly administering and conserving oil and other resource royalties for the citizenry.
		In other words, mandated by law to secure the continued prosperity of the citizens of Alaska now and into the future, the Fund is in the position to make substantial profits from land and natural resources from people all over the world via Fund investments in real estate
		The Global Resource Agency could fund institutions and activities needed for global environmental protection, justice, and peacekeeping, such as the World Court and the International Criminal Court.
	www.earthrights.net /docs/alaska.html (4718 words)

	USATODAY.com - Former Alaska Gov. Jay Hammond dies at 83 (Site not responding. Last check: 2007-10-12)
		JUNEAU, Alaska (AP) — Jay Hammond, a rugged bush pilot and hunting guide who served two terms as Alaska's governor and helped create the oil-royalty fund that dispenses annual dividend checks to nearly everyone in the state, died Tuesday.
		During his time in office, Alaska's broad-based tourism industry was born, fishery stocks were revived and the Alaska Permanent Fund was created.
		For several years after leaving office, he was host of a popular television program, "Jay Hammond's Alaska." He stayed in touch with developments around the state and rarely hesitated to weigh in on issues in the news.
	www.usatoday.com /news/washington/2005-08-02-hammond-obit_x.htm (521 words)

	alaska permanent fund division (Site not responding. Last check: 2007-10-12)
		Especially when you come across alaska permanent fund division websites like ours, which cover the exact topic you're looking for.
		Being able to find exactly what you're looking for - alaska permanent fund division - is the real beauty of the Internet.
		Buying online is very easy as all you have to do is click one of our alaska permanent fund division links and you'll be taken to the best alaska permanent fund division site on the web.
	www.alaskaride.com /alaska-permanent-fund-division/index.html (152 words)

	Real Estate Alert : Alaska permanent fund to step up purchases. @ HighBeam Research (Site not responding. Last check: 2007-10-12)
		Start / R / Real Estate Alert / May 19, 2004 / Alaska permanent fund to step up purchases.
		Alaska Permanent Fund, which has been an active property seller for several years, is setting the stage to do some buying.
		But the fund could wind up spending several hundred million dollars more over the next several years, because it appears likely to sell off some of its REIT stocks and plow the proceeds into core properties.
	static.highbeam.com /r/realestatealert/may192004/alaskapermanentfundtostepuppurchases/index.html (219 words)

	[No title]
		Its citizens set up the Alaska Permanent Fund to manage this income, directing that the revenue be invested, the principal remain untouched and the gains be used for state infrastructure investments.
		The other $8 billion could anchor an Iraq Permanent Fund, to be invested in a diverse set of international equities.
		Finally, the creation of an Iraqi oil fund could begin to help repair America's damaged image abroad — itself no small dividend at a time when many people remain suspicious about American motives in the Middle East.
	www.steveclemons.com /A-AlaskaFundIraq.htm (395 words)

	McKeever Institute of Economic Policy Analysis: There Are Alternatives Project
		THE ALASKA PERMANENT FUND: A Model of Resource Rents for Public Investment and Citizen Dividends; by Alanna Hartzok
		The Alaska Permanent Fund1 is a case study in a new concept of the role of government - that of agent to equitably distribute resource rents to the people, thereby securing democratic common heritage rights to land and natural resources.
		Material for this paper taken from ³An Alaskan¹s Guide to the Permanent Fund, 9th edition, annual reports of the Alaska Permanent Fund Corporation and Alaska Permanent Fund Dividend, and the Fund website, www.apfc.org.
	www.mkeever.com /hartzok.html (4387 words)

	Alaska Permanent Fund Corporation
		Maximize the value of Alaska's Permanent Fund through prudent long-term investment and protection of principal to produce income to benefit all generations of Alaskans.
		The Permanent Fund produced over $2.5 billion in net income resulting in a Fund valued at $26.5 billion.
		The operating budget is directly proportional to the actual and anticipated growth of the Fund and reflects the Corporation's ability to generate income.
	www.gov.state.ak.us /omb/2001site/2001APFC.html (585 words)

	Alaska Permanent Fund Report
		Permanent Fund earnings allocations are funneled to support the general fund budget.
		The fierce loyalty of the public to the Permanent Fund may
		Alaska as it is to balance the state's checkbook.
	www.commonwealthnorth.org /reports/fundreport/pfundreport03.html (637 words)

	Dae Miles, Schools, Health Care, Public Transit, Conservation, Alternatives, Alaska Dividend, Iraq Dividend
		Alaska transportation issues have been in the news lately, local state and national.
		Railroad issues in Alaska are totally different than elsewhere because the Alaska Railroad is public, and we decide openly on costs and benefits that will affect our economy for generations.
		The other railroad issue is to join Alaska to Canada and the United States, with a high speed natural gas electrified railroad, to bring tourists freight and a world rail / air connection to Alaska's airports.
	www.daemiles.com (464 words)

	Alaska Permanent Fund Corporation
		OCTOBER 14 - The Permanent Fund's investments returned 3.9% for the first quarter of the fiscal year, ending September with an unaudited value of $31.3 billion, a gain of $1.3 billion from the start of the fiscal year.
		The Fund also recorded $602 million in statutory income, which is used to calculate Permanent Fund Dividends.
		OCTOBER 12 - The Alaska Permanent Fund Corporation has issued a draft of new investment regulations, to become effective on January 1.
	www.apfc.org (274 words)

	Alaska Permanent Fund Report
		Alaska has also deferred maintenance of its capital assets beyond what is
		The role of the CBR is as a fund administered by the Department of Revenue
		Fund earnings to the general government operating budget.
	www.commonwealthnorth.org /reports/fundreport/pfundreport06.html (355 words)

	Official Alaska Voters Web Site Editorial Alaska Permanent Fund, John Davis
		If the bill passes it will be the very first time the fund has been tapped since Alaska’s major oilfields opened back in 1977.
		This in spite of the fact that Alaska’s per capita cost of government is three to five times higher than any other state in the nation.
		New legislators who have the fortitude to stand up and be counted for reducing, systematically each year, Alaska’s out of control government spending, before acting to initiate more streams of revenue through new taxation.
	www.akvoters.org /e032702.html (707 words)

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