- Joined
- May 22, 2012
- Messages
- 104,398
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- Location
- Uhland, Texas
- Gender
- Male
- Political Leaning
- Libertarian
It’s funded by oil revenue
Partially, but from a combination of means.
The Alaska Permanent Fund is a sovereign wealth fund (SWF), which invests in a wide array of asset classes, including domestic stocks, U.S. bonds, global stocks, real estate, and private equity.
Management of the fund is by the Alaska Permanent Fund Corporation. After completion of the Trans-Alaska Pipeline System, which introduced Alaskan oil to the market in 1976, Alaska’s government added a state constitutional amendment setting aside a share of oil revenues for future generations of Alaskans. The revenues from these natural reserves form the basis of the Alaska Permanent Fund.
Alaska Permanent Fund Definition
The Alaska Permanent Fund pays an annual dividend to eligible residents and is funded from surplus oil and gas reserve revenues.
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