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.
Section: Previous 37.13.010 37.13.020 37.13.030 37.13.040 37.13.050 37.13.060 37.13.070 37.13.080 37.13.090 37.13.100 37.13.110 37.13.120 37.13.130 37.13.140 37.13.145 NextLast modified: November 15, 2016