HCR 26: Relating to investments in Alaska by corporate America in which the permanent fund invests.
00 HOUSE CONCURRENT RESOLUTION NO. 26 01 Relating to investments in Alaska by corporate America in which the permanent fund 02 invests. 03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 WHEREAS, at the end of fiscal year 2003, the principal of the Alaska permanent 05 fund was approximately $24,000,000,000; and 06 WHEREAS, under art. IX, sec. 15, Constitution of the State of Alaska, the principal 07 of the permanent fund may only be used for income-producing investments; and 08 WHEREAS investments made by the permanent fund in corporations are of 09 substantial value, and, therefore, it is understood that corporate America also has an interest in 10 the economic well-being of the permanent fund; and 11 WHEREAS, because the economic well-being of the permanent fund is inexorably 12 tied to the economic well-being of the state as a whole, each corporation that the fund invests 13 in has an interest in a strong and stable Alaska economy; 14 BE IT RESOLVED that the Alaska State Legislature encourages the Board of 15 Trustees of the Alaska Permanent Fund Corporation to encourage investments in Alaska by 16 corporations in which the permanent fund invests.
01 A COPY of this resolution shall be sent to the Board of Trustees of the Alaska 02 Permanent Fund Corporation for public record.