00             CS FOR HOUSE CONCURRENT RESOLUTION NO. 26(STA)                                                             
01 Relating to investments in Alaska's nonprofit and for profit corporations by those                                      
02 corporations in which the permanent fund invests.                                                                       
03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04       WHEREAS, during mid-April 2004, the principal of the Alaska permanent fund was                                
05 approximately $27,900,000,000; 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 corporations in which the permanent                            
10 fund invests also have an interest in the economic well-being of the permanent fund; and                                
11       WHEREAS Alaska's economic well-being is generally benefited by businesses                                       
12 operating and investing in Alaska; and                                                                                  
13       WHEREAS the health and the well-being of Alaska's communities is assisted by the                                
14 nearly 7,000 nonprofit organizations in the state;                                                                      
15       BE IT RESOLVED that the Alaska State Legislature encourages the Board of                                        
16 Trustees of the Alaska Permanent Fund Corporation to encourage investments in Alaska's                                  

01 nonprofit and for profit corporations by those corporations in which the Alaska permanent                               
02 fund invests.                                                                                                           
03       A COPY of this resolution shall be sent to the Board of Trustees of the Alaska                                  
04 Permanent Fund Corporation to be made available to the public on request.