An Act relating to investments of the permanent fund; relating to investments made by the Alaska Permanent Fund Corporation; relating to regulations adopted by the Alaska Permanent Fund Corporation; and providing for an effective date.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill modifies how the Alaska Permanent Fund Corporation invests its assets. Specifically, it requires the corporation to invest at least 25% of its funds in a broad U.S. stock market index, with a focus on diversification. It also allows the corporation to create and implement its own investment regulations, excluding those governed by the Alaska Administrative Procedure Act. The bill takes effect on July 1, 2027.
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