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Alaska Statutes Title 37. Public Finance § 37.13.020. Findings

Current as of January 01, 2025 | Updated by Findlaw Staff

The people of the state, by constitutional amendment, have required the placement of at least 25 percent of all mineral lease rentals, royalties, royalty sale proceeds, and federal mineral revenue sharing payments and bonuses received by the state into a permanent fund. The legislature finds with respect to the fund that

(1) the fund should provide a means of conserving a portion of the state's revenue from mineral resources to benefit all generations of Alaskans;

(2) the fund's goal should be to maintain safety of principal while maximizing total return;

(3) 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.

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Cite this article: FindLaw.com - Alaska Statutes Title 37. Public Finance § 37.13.020. Findings - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-37-public-finance/ak-st-sect-37-13-020/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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