04/29/2025 03:15 PM House STATE AFFAIRS

         HJR 10-CONST AM: PERMANENT FUND; POMV;EARNINGS                                                                     
                                                                                                                                
3:17:49 PM                                                                                                                    
                                                                                                                                
CHAIR CARRICK  announced that the  first order of  business would                                                               
be HOUSE  JOINT RESOLUTION  NO. 10,  Proposing amendments  to the                                                               
Constitution  of  the State  of  Alaska  relating to  the  Alaska                                                               
permanent fund  and to appropriations  from the  Alaska permanent                                                               
fund.                                                                                                                           
                                                                                                                                
3:18:59 PM                                                                                                                    
                                                                                                                                
CHAIR CARRICK opened public testimony on HJR 10.                                                                                
                                                                                                                                
3:19:19 PM                                                                                                                    
                                                                                                                                
VENIETIA BINGHAM,  representing self, testified in  opposition to                                                               
HJR 10.  She  said that she has been a resident  for 30 years and                                                               
believed that there  are other means for the  legislature to come                                                               
up with funding, and the current approach was unnecessary.                                                                      
                                                                                                                                
3:20:01 PM                                                                                                                    
                                                                                                                                
THERESA OBERMEYER, representing self,  testified in opposition to                                                               
HJR  10.   She said  that the  Alaska Permanent  Fund Corporation                                                               
(APFC) Board of Trustees is not  elected by the legislature.  She                                                               
said that she  spent 2001 to 2015 hosting an  online website that                                                               
illustrates investments pertaining  to the board.   She said that                                                               
she got  almost 44,000 hits and  yet nobody has checked  the APFC                                                               
Board and  what it does.   She  did not understand  why operating                                                               
measures  had not  been  reviewed  over the  years.   She  stated                                                               
opposition  for HJR  10.    She opined  that  the  APFC Board  of                                                               
Trustees  should be  confirmed by  those  in public  office.   In                                                               
conclusion,   she  raised   concerns  over   the  current   stock                                                               
investment dynamics of the board.                                                                                               
                                                                                                                                
3:22:58 PM                                                                                                                    
                                                                                                                                
CHAIR  CARRICK, after  ascertaining  there was  no  one else  who                                                               
wished to testify, closed public testimony on HJR 10.                                                                           
                                                                                                                                
CHAIR CARRICK announced that HJR 10 was held over.