Trustees are considering that idea and others, including an amendment to the state constitution, as they seek to increase the fund’s value
The trustees of the Alaska Permanent Fund Corp. are considering whether to back legislation that could exempt the corporation from the state’s open meetings act and the state’s procurement rules, as well as conceal personnel records from public records requests.
The fund’s value is critical to state finances because state law automatically transfers a percentage of the fund to the state treasury each year. That transfer accounts for more than 50% of the state’s general-purpose revenue. Much of the discussion centered on possible changes to investment management, but trustees also considered changes to state law that might give the corporation “greater flexibility” as it pursues investments.Former Alaska Department of Environmental Commissioner Jason Brune, appointed by Gov.
“I don’t think anything we’re doing is so special and different from any other public corporation or municipal government that follows these rules,” Richards said. “It’s a little bit of hubris to say that we can’t operate in the same manner that others do without success.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Fairbanks hosts Alaska Bar Association Annual ConventionAlaska's attorneys gather in Fairbanks for the Alaska Bar Associations Annual Convention.
Baca lebih lajut »
Secretary of state wants to make changes to senior driving tests permanentThe Illinois secretary of state intends to keep a higher age requirement for senior driving tests.
Baca lebih lajut »
Nonprofit program helping migrants in Chicago find permanent homesSince starting their operations in May of 2023, they've moved more than 800 households from city-run shelters into more permanent housing.
Baca lebih lajut »
Space Shuttle Endeavour: A look inside the spacecraft ahead of move to permanent vertical displayNASA's retired Space Shuttle Endeavour is set to be put on permanent display in the vertical launch position at Exposition Park. ABC7 toured the inside of the spacecraft before the move.
Baca lebih lajut »
Alabama lawmaker intends to withhold funds for permanent Space Command HQ in ColoradoRep. Mike Rogers (R-AL), the chairman of the House Armed Services Committee, will work to withhold funding for Space Command's permanent base in Colorado.
Baca lebih lajut »