Alaska Permanent Fund Corporation issues warning to Alaska lawmakers

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The Alaska Permanent Fund Corporation’s board of trustees issued advice and a warning to the Alaska Legislature on Thursday, marking only the sixth time in the 42-year history of the $66 billion corporation that it has taken such a step.

The board unanimously approved a resolution that says trustees believe the state’s multibillion-dollar deficit and dwindling reserves require spending from the Alaska Permanent Fund. The resolution goes on to state that if the Legislature authorizes such spending, it should do so under an organized system, rather than on an as-needed basis.

“A rules-based system improves the likelihood that the Permanent Fund will be sustainable over time,” the resolution states.

Alaska Permanent Fund Corporation issues warning to Alaska lawmakers
Rick Rydell

Rick Rydell

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