Legislature(1995 - 1996)
1996-10-16 Senate Journal
Full Journal pdf1996-10-16 Senate Journal Page 4390 SB 89 Message of June 14 was received, stating: Dear President Pearce: Under the authority of art. II, sec. 15 of the Alaska Constitution, I have vetoed the following bill: HOUSE CS FOR CS FOR SENATE BILL NO. 89(FIN) An Act relating to the members of the board and staff of the Alaska Permanent Fund Corporation. I have taken this action out of a strongly held belief that the trustees of the Alaska Permanent Fund Corporation must be answerable to Alaskans for the decisions they make in managing over $18 billion of public money. This bill, among other things, would change existing law by making trustees removable only for very specific causes. Under existing law, the board serves at the pleasure of the governor and must answer to the governor for management decisions. The governor, in turn, must answer to the voters for the governors stewardship of the Alaska Permanent Fund. It is in this very basic way that the Alaska Permanent Fund Corporation will remain responsive to the will of the people. Sincerely, /s/ Tony Knowles Governor