Alaska Statutes Title 37, Chapter 37.13, Article 01 - Alaska Permanent Fund

• Sec. 37.13.010 Alaska Permanent Fund.
  (a) Under art. IX, sec. 15, of the state constitution, there is established as a separate fund the Alaska permanent fund. The Alaska permanent...
• Sec. 37.13.020 Findings.
  The people of the state, by constitutional amendment, have required the placement of at least 25 percent of all mineral lease rentals, royalties, royalty...
• Sec. 37.13.030 Purpose.
  It is the purpose of AS 37.13.010 - 37.13.190 to provide a mechanism for the management and investment of those fund assets by the...
• Sec. 37.13.040 Alaska Permanent Fund Corporation.
  There is established the Alaska Permanent Fund Corporation. The corporation is a public corporation and government instrumentality in the Department of Revenue managed by...
• Sec. 37.13.050 Composition and Qualifications of Board of Trustees.
  (a) The Board of Trustees of the Alaska Permanent Fund Corporation consists of six members appointed by the governor. Two of the members must...
• Sec. 37.13.060 Term of Office.
  The public members of the board shall be appointed for terms of four years, and they may be reappointed. The terms of the public...
• Sec. 37.13.070 Removal and Vacancies.
  (a) The governor may remove a public member of the board from office only for cause. A removal by the governor must be in...
• Sec. 37.13.080 Quorum and Voting.
  Four members of the board constitute a quorum for the transaction of business and the exercise of the powers and duties of the board....
• Sec. 37.13.090 Compensation of Board Members.
  Public members of the board receive an honorarium of $400 for each day spent at a meeting of the board or at a meeting...
• Sec. 37.13.100 Corporation Staff.
  The board may employ and determine the salary of an executive director. The executive director may, with the approval of the board, select and...
• Sec. 37.13.110 Conflicts of Interest.
  (a) Members of the board, the executive director, and investment officers of the corporation are subject to the provisions of AS 39.50.(b) If a...
• Sec. 37.13.120 Investment Responsibilities.
  (a) The board shall adopt regulations specifically designating the types of income-producing investments eligible for investment of fund assets. When adopting regulations authorized by...
• Sec. 37.13.130 Gains and Losses. [Repealed, Sec. 13 Ch 81 Sla 1982].
  Repealed or Renumbered
• Sec. 37.13.140 Income.
  Net income of the fund includes income of the earnings reserve account established under AS 37.13.145 . Net income of the fund shall be...
• Sec. 37.13.145 Disposition of Income.
  (a) The earnings reserve account is established as a separate account in the fund. Income from the fund shall be deposited by the corporation...
• Sec. 37.13.150 Corporation Budget.
  The revenue generated by the fund's investments must be identified as the source of the operating budget of the corporation in the state's operating...
• Sec. 37.13.160 Audits.
  The Legislative Budget and Audit Committee may provide for an annual post audit and annual operational and performance evaluations of the fund's investments and...
• Sec. 37.13.170 Reports and Publications.
  By September 30 of each year, the board shall publish a report of the fund for distribution to the governor and the public. The...
• Sec. 37.13.180 Tax Exemption.
  The corporation and the fund are exempt from all taxes and assessments in the state. All security instruments issued by the corporation or the...
• Sec. 37.13.190 Political Activities.
  The resources of the corporation or the fund may not be used to finance or influence political activities.
• Sec. 37.13.200 Public Access to Information.
  Information in the possession of the corporation is a public record, except that information that discloses the particulars of the business or affairs of...
• Sec. 37.13.205 Regulations. [Repealed, Sec. 3 Ch 46 Sla 2005].
  Repealed or Renumbered
• Sec. 37.13.206 Regulations.
  (a) The board may adopt regulations to carry out the purposes of this chapter and shall adopt regulations under AS 37.13.120 (a). The provisions...
• Sec. 37.13.210 [Renumbered As As 37.13.900 ].
  
  Repealed or Renumbered

Last modified: November 15, 2016