Concept

Alaska Permanent Fund

Summary
The Alaska Permanent Fund (APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC). 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. From February 1976 until April 1980, the Department of Revenue Treasury Division managed the state's Permanent Fund assets, until, in 1980, the Alaska State Legislature created the APFC. As of 2019, the fund was worth approximately 64billionthathasbeenfundedbyoilrevenuesandhaspaidoutanaverageofapproximately64 billion that has been funded by oil revenues and has paid out an average of approximately 1,600 annually per resident (adjusted to 2019 dollars). The main use for the fund's revenue has been to pay out the Permanent Fund Dividend (PFD), which many authors portray as the only example of a basic income in practice. History Shortly after the oil from Alaska's North Slope began flowing to market through the Trans-Alaska Pipeline
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.
Related publications

No results

Related people

Loading

Related units

Loading

Related concepts

Loading

Related courses

Loading

Related lectures

Loading