Legislature(2025 - 2026)SENATE FINANCE 532
02/06/2025 09:00 AM Senate FINANCE
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| Audio | Topic |
|---|---|
| Start | |
| Alaksa Mental Health Trust Authority | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
SENATE FINANCE COMMITTEE
February 6, 2025
9:01 a.m.
9:01:03 AM
CALL TO ORDER
Co-Chair Hoffman called the Senate Finance Committee
meeting to order at 9:01 a.m.
MEMBERS PRESENT
Senator Bert Stedman, Co-Chair
Senator Mike Cronk
Senator James Kaufman
Senator Jesse Kiehl
Senator Kelly Merrick
MEMBERS ABSENT
Senator Lyman Hoffman, Co-Chair
Senator Donny Olson, Co-Chair
ALSO PRESENT
Brent Fisher, Chair, Board of Trustees, Alaska Mental
Health Trust Authority; Dr. Mary Wilson, Chief Executive
Officer, Alaska Mental Health Trust Authority; Julee
Farley, chief Financial Officer, Alaska Mental Health Trust
Authority; Jusdi Warner, Executive Director, Trust Land
Office, Alaska Mental Health Trust Authority; Katie Baldwin
Johnson, Chief Operating Officer, Alaska Mental Health
Trust Authority; Senator Cathy Giessel; Senator Gary
Stevens.
SUMMARY
^ALAKSA MENTAL HEALTH TRUST AUTHORITY
9:02:07 AM
BRENT FISHER, CHAIR, BOARD OF TRUSTEES, ALASKA MENTAL
HEALTH TRUST AUTHORITY, discussed the presentation, "Senate
Finance Committee February 6, 2025" (copy on file). He
looked at slide 2, "Trustees":
• Brent Fisher, Chair
• Agnes Moran, Vice Chair, Program and Planning
Committee Chair
• Rhonda Boyles, Secretary
• Corri Feige, Resource Management Committee Chair
• Kevin Fimon, Audit and Risk Committee Chair
• John Morris, Finance Committee Chair
• Anita Halterman, Trustee
Mr. Fisher relayed that the board was an independent board
that provided governance, fiduciary oversight, and
direction to the organization in achieving the mission of
the trust. Trustees are appointed by the governor and
confirmed by the legislature.
9:03:16 AM
Mr. Fisher pointed to slide 3, "Trust Beneficiaries":
Trust beneficiaries include Alaskans who experience:
• Mental illnesses
• Intellectual and/or developmental disabilities
• Alzheimer's disease and related dementia
• Traumatic brain injuries
• Substance use disorders
Mr. Fisher stated that the trust supported both youth and
adult beneficiaries. He related that the trust prioritized
individuals with behavioral or developmental disabilities
that placed them at risk of institutionalization if they do
not have proper community level support and services. He
said that the trust also considered preventative services.
9:04:21 AM
Mr. Fisher addressed slide 4, "Role of the Trust":
• Administer the Mental Health Trust, a perpetual
trust
• Improve lives and circumstances of Trust
beneficiaries
• Protect and enhance value of Trust lands while
maximizing revenues from them over time
Mr. Fisher explained that the AMHTA was a state corporation
that administered the perpetual Alaska Mental Health Trust,
meant to improve the lives of beneficiaries. shared that
the trust held a unique place in state government; the
trust is an independent state organization that used the
proceeds of its assets to ensure beneficiaries had a
comprehensive suite of mental health and disability
services. He furthered that the trust used resources to
partner closely with the state, local governments, non-
profits, and tribal governments. He said that the Trust
Land Office was contracted exclusively by the trust to
manage approximately 1 million acres of land and non-cash
assets to generate revenue overtime that will benefit
beneficiaries.
9:05:48 AM
Mr. Fisher looked at slide 5, "About the Trust", which was
a video explaining the Alaska Mental Health Trust Authority
(AMHTA). https://alaskamentalhealthtrust.org/about/
Senator Hoffman acknowledged Senator Giessel and Former
Senate President, Rick Halford, in the gallery.
9:09:21 AM
DR. MARY WILSON, CHIEF EXECUTIVE OFFICER, ALASKA MENTAL
HEALTH TRUST AUTHORITY, pointed to slide 6, "New CEO Joins
the Trust":
Mary Wilson, MD joined the Trust on January 22, 2025
Dr. Wilson provided a brief biography, highlighting her
education, experience in public health, and employment
background.
9:11:33 AM
Dr. Wilson discussed slide 7, "Financial Position The
slide contained a line graph that showed the trust invested
assets from 1997 through 2024. The bars showed the corpus,
trust reserves, unrealized appreciation, and real estate
equity. The slide contained a box in the upper right
corner:
Primary Trust Financial Assets (end of FY24)
Menta Health Trust Fund - $551,221,000
Trust Reserves - $128,996,766
Unrealized Appreciation $108,374,000
Real Estate Investment Equity - $59,846,000
Dr. Wilson relayed that since the trusts inception in
1996, the corpus had grown due to revenues from activities
on trust lands and permanent transfers for inflation
proofing. She said a four-year average was used to
calculate the annual withdrawal from the fund and develop
the yearly budget. She said that the trust reserves assured
the prudent spending for beneficiaries even during market
downturns. She stated that the unrealized appreciation
varied from year-to-year and was based on market value and
was not available for spending until realized. She related
that the real estate equity had contributed to the overall
growth of the trusts financial investments. She said that
the 1 million acres of trust lands was not included in the
chart because it was challenging to assess the financial
value of 1 million acres.
9:14:07 AM
Co-Chair Stedman asked for more information about the
unrealized appreciation, and wondered whether it was part
of the overall portfolio that was used to calculate the
withdraw rate.
9:14:24 AM
Dr. Wilson asked if the question was whether the unrealized
appreciation went into the spendable calculation.
9:14:32 AM
Co-Chair Stedman clarified he wanted a clearer picture of
the overall market value of the corpus of the trust. He
noted that the trust portfolio was growing faster than the
corpus Alaska Permanent Fund.
9:15:16 AM
JULEE FARLEY, CHIEF FINANCIAL OFFICER, ALASKA MENTAL HEALTH
TRUST AUTHORITY, asked for a repeat of the question.
9:15:31 AM
Co-Chair Stedman said he was trying to relate the chart to
the actual management of the portfolio. He noted that the
growth of the permanent fund had leveled off. He noted that
the withdrawal rates and the look back timeframes differed
between the two funds. He thought that the trusts
portfolio was performing well, better than that of the
permanent fund, and asked if the unrealized appreciation
was part of the marketable securities in the portfolio.
9:16:48 AM
Ms. Farley replied that unrealized appreciation was
included in the value of the fund, on which the 4.25
percent payout each year was calculated.
9:17:06 AM
Co-Chair Stedman thought that a future presentation could
compare the ways the two portfolios were managed. He
reiterated that the AMHT portfolio had been performing very
well.
9:17:41 AM
Dr. Wilson highlighted slide 8, "Commercial Real Estate":
• Managed as 7 to 20-year investments
• Trust in the process of disposing of portfolio; 2 of
6 properties sold
• Occupancy rate for four remaining Trust owned
properties is currently 92 percent, and the portfolio
is exceeding applicable NCREIF performance benchmarks
Dr. Wilson stated that the assets were managed by
professionals at the Trust Land Office. She said that in
2024 the trust sold its commercial real estate portfolio
since it had met investment objectives. She noted that or
the four remaining trust owned properties one was in Alaska
and three are in Texas.
9:19:05 AM
Senator Kiehl asked about the seven properties. He
reiterated that two had been sold and four remained, which
added up to 6.
Dr. Wilson explained that one of the properties had been
reclassified as a program real estate property because it
leased space that benefitted beneficiaries.
9:19:46 AM
Senator Kiehl understood the property had been an
investment and was not a trust office.
9:19:50 AM
Dr. Wilson responded that she needed more information to
answer the question.
9:20:08 AM
JUSDI WARNER, EXECUTIVE DIRECTOR, TRUST LAND OFFICE, ALASKA
MENTAL HEALTH TRUST AUTHORITY, explained that the property
in question had been reclassified as program related real
estate and had always held the Trust Land Office. She added
that it recently begun serving beneficiary organizations
that might not be aimed toward being income producing
tenants.
9:20:50 AM
Senator Kiehl asked for documentation of the
reclassification.
9:21:08 AM
Co-Chair Stedman called the matter a sticky wicket and
thought that the recent audit could provide clarity. He
asked that the tables from the audit be extended to provide
more detail on the cash flow and sell dates of the existing
properties. He thought the location that Sen. Kiehl spoke
of was in Alaska and not Texas.
9:21:55 AM
Ms. Warner replied in the affirmative.
9:22:02 AM
Co-Chair Stedman thought that updating the table would
provide clarity for the committee.
9:22:17 AM
Co-Chair Hoffman requested the updated table from the
authority.
9:22:22 AM
Ms. Warner agreed to provide that information.
9:22:33 AM
Dr. Wilson pointed to slide 9, "FY26 Available Funding
The slide demonstrated how available funding was
determined, and the annual budget for the coming fiscal
year. The chart on the right illustrated that the available
funding showed stable growth. She noted that in FY24 the
board had approved an update to the formula used to
determine the annual expenditure amount. She said that for
this and future revenue calculations, a four-year average
would be used for invested assets, but now the calculation
would use a two-year average of both Trust Land Office
income and the prior years unexpended funds. She said that
the changes would increase certainty for the annual revenue
calculation. She relayed that the largest portion of the
annual spend was funded through withdrawal from invested
assets, which was 4.25 percent of the average value from
the previous four years. She furthered that a two-year
average of prior funds would be carried forward and were
grants from previous years that had not been fully
expended. Unused grant funds were rolled back into the
annual spend calculation. She said that the Trust Land
Office spendable income contributed to the available spend
estimate. The total estimated available funding was
$39,949,400. The payout rate began at 3 percent at
inception and had slowly increased overtime. The payout
rate was currently under discussion.
9:24:58 AM
Co-Chair Stedman requested that the authority notify the
committee once the discussion on the payout rate concluded.
Dr. Wilson agreed to provide that information.
9:25:39 AM
Dr. Wilson addressed slide 10, "FY 26 Spending
Agency Budgets
Trust Authority (MHT Admin): $5,306.8
Trust Land Office (MHTAAR): $5,556.6
MHTAAR Grants
$10,196.8
Designated grants to state agencies, requires receipt
authority
Authority Grants
$19,119.3
Designated grants to community providers, nonprofits,
local governments and Tribal organizations
Includes $1.9M in mini grants
9:27:51 AM
Dr. Wilson looked at slide 11, "MHTAAR Grants, FY26":
Total: $10,196.8(53 MHTAAR Projects)
Department of Health ($4,413.9)
UAA ($1,870.0)
AHFC ($1,485.0)
Department of Corrections ($1,041.7)
Department of Family and Community Services
($587.0)
Department of Administration ($355.9)
Alaska Court System ($158.3)
Department of Public Safety ($130.0)
Department of Education and Early Development
($130.0)
Department of Labor and Workforce Development
($25.0)
9:28:45 AM
Dr. Wilson displayed slide 12, "Trustee FY26 GF/MH
Recommendations The chart detailed the FY26 Operating
Budget and Capital Budget items recommended by the trust
and compared to the governors proposed budget.
9:31:25 AM
Co-Chair Hoffman noted that the largest difference in the
trusts recommendations and the governors request was in
Capital Budget items. He noted that Co-Chair Stedman
chaired the Capital Budget and would be making
recommendations to the committee.
9:31:52 AM
Dr. Wilson pointed to slide 13, "FY26: Trust Focus Areas":
The Trust develops its budget and engages in grant
making, advocacy, and system improvement efforts
around the following areas:
Established Focus Areas
• Disability Justice ($3.6M)
• Mental Health and Addiction Intervention ($7.0M)
-Includes Behavioral Health Crisis Response ($5.3M)
• Beneficiary Employment and Engagement ($1.7M)
• Housing and Home and Community Based Services
($4.3M)
Additional Priorities
• Workforce Development ($2.2M)
• Early Childhood Intervention and Prevention ($3.3M)
9:33:22 AM
Co-Chair Hoffman expressed concern for Alaskas unhoused
community. He wondered whether the issue was being
adequately addressed by the trust.
9:33:49 AM
Dr. Wilson replied that assisting beneficiaries in
accessing safe living spaces was a priority. She said that
the trust partnered with communities in the state on the
matter. She believed that there was more work to be done.
9:34:35 AM
Co-Chair Hoffman reiterated his concern. He hoped that the
whole state should be considered and not just the large and
urban areas. He requested that the trust provide more
detail on how they were working on the unhoused problem in
the state.
9:35:08 AM
Dr. Wilson agreed to provide more information. She
explained that if an Alaskan had been chronically unhoused,
they were likely a beneficiary.
9:35:32 AM
Senator Kaufman asked about efficiency benchmarks for the
trust and the ratio of overhead relative to assets.
9:35:52 AM
Dr. Wilson asked him to clarify the question.
9:36:04 AM
Senator Kaufman asked about the overhead, relative to the
formula.
9:36:10 AM
Dr. Wilson replied that the trust had been stable. She said
that the trust had gone up 3 percent per year in spend and
had low overhead. She said that spending had to be analyzed
on a continuous basis.
9:36:51 AM
Senator Kaufman requested further information on how funds
were spent and administered.
9:37:01 AM
Dr. Wilson agreed to provide that information.
9:37:10 AM
Dr. Wilson highlighted slide 14, "Trust Grant Impacts". The
slide indicated that 192 grants had been awarded throughout
the state, totaling $23,986,574. She noted that the grants
includeing funds from in and outside the state budget
process. She stated that the grants supported planning,
data needs, actual services and facilities, and quality
trained staff working directly with beneficiaries. She
relayed that grant funds were often leveraged with other
community funders.
9:38:48 AM
Senator Kiehl addressed slide 15, "Crisis Now Community
Implementation 2024/25":
Since the initiative's launch in 2019, the Trust has
invested roughly $20M in planning and grant making
around psychiatric emergency response.
Crisis service planning and implementation underway
in:
Anchorage
Mat-Su
Fairbanks
Juneau
Ketchikan
Kenai Peninsula
Kotzebue
Copper Basin
Unalaska
Senator Kiehl asked whether major shifts in community
grantees ability to serve trust fund beneficiaries had
occurred within the last year.
9:39:21 AM
Dr. Wilson deferred to Ms. Johnson.
9:39:29 AM
KATIE BALDWIN JOHNSON, CHIEF OPERATING OFFICER, ALASKA
MENTAL HEALTH TRUST AUTHORITY, replied in the affirmative.
She said that the trust could focus on supporting capacity
of other organizations, which helped sustain them and their
contributions to beneficiaries.
9:40:41 AM
Senator Kiehl wondered whether Ms. Johnson could provide
examples of how the trust kept beneficiaries form losing
services.
9:40:53 AM
Ms. Baldwin replied the trust provided support wherever
able. She said that the trust was not a funder of direct
services but worked with partners to find solutions for
beneficiaries.
9:41:38 AM
Senator Kiehl expressed concern for the coming year and
beneficiaries' ability to receive support.
9:42:02 AM
Dr. Wilson said that one of the key initiatives for the
trust was to improve behavioral health crisis response. She
said that individuals in crisis should have their needs met
in the least restrictive manner and should have someone to
call and a place to go. She said that the crisis initiative
was meant to reduce instances of suicide, hospitalization,
and incarceration. She hoped the trust could transform
behavioral health crisis response in Alaksa. She said that
the trust had seen real time data that showed the success
of the initiative. She contended that upstream and
downstream management was necessary to prevent behavior
health crises.
Dr. Wilson looked at slide 16, "Trust Land Office":
• Maximizes long-term revenue and productivity from
Trust land
• Encourages diverse revenue producing uses of Trust
land
• Manages Trust land prudently, efficiently and with
accountability to the Trust and its beneficiaries
9:45:13 AM
Ms. Warner further explained the details of the Trust Land
Office. She shared that the trust owned approximately 1
million acres statewide. She stated that the office was
within the Department of Natural Resources and was
contracted exclusively with the trust. She relayed that the
land office had a legal responsibility to manage lands to
maximize the revenue from the land and resources. She
shared that several asset classes were managed within the
portfolio: forestry, minerals and materials, energy,
commercial real estate, program related real estate,
mitigation marketing, and lands. She stated that earnings
of $33,308,513 were anticipated in FY26. She relayed that
revenue was allocated between principal and income. It was
estimated that principal for FY25 would total $7.4 million.
She relayed that that the income for FY25 was expected to
be approximately $25 million.
9:46:54 AM
Co-Chair Hoffman asked whether there was a policy
concerning access to the million acres of trust land for
Alaskans.
9:47:08 AM
Ms. Warner replied that a general land use policy existed.
She said that any day use activity, without commercial
purposes, could be done for free on trust land. She added
that overnight, use of firewood, and commercial purposes
required a fee.
Co-Chair Hoffman asked about hunting and fishing.
Ms. Warner replied that there would be no fee if it was not
commercial use.
9:47:36 AM
Co-Chair Hoffman understood that the land was easily
accessible.
Ms. Warner said that day use access was free and overnight
access required an over-the-counter fee.
Co-Chair Hoffman understood that this applied to all
Alaskans.
Ms. Warner replied in the affirmative.
9:47:50 AM
Co-Chair Hoffman asked about non-residents.
Ms. Warner responded that non-residents required the same
general permit.
Co-Chair Hoffman asked whether the non-resident and
resident permits were of equal cost.
Ms. Warner replied in the affirmative.
Co-Chair Hoffman requested a map of the trust lands so
members could see where the land selections had been made.
Ms. Warner agreed to provide that information.
9:48:19 AM
Co-Chair Stedman wondered whether the revenue generated
from Alaskans subsistence fishing and recreation camping
was worth the bureaucratic overhead of issuing permits.
9:48:49 AM
Ms. Warner appreciated the questions. She noted that the
fees did not generate much revenue, which was why it was
automated. She said that overhead was minimal but so was
the return.
Co-Chair Hoffman understood that the enforcement was non-
existent.
Ms. Warner replied that the payment for permits relied on
the honor system.
9:49:47 AM
Ms. Warner discussed slide 17, "Trust Land Office
Highlights FY24":
• Generated more than $17M for the Trust
• Timber sales generated more than $1.9M in revenue
and supported roughly 150 jobs
• Financed land contracts and outright land purchases
are projected to earn the Trust more than $10.5M
• Subdivisions; 6 were completed and several others
are in various phases of development or prefeasibility
• Renewable energy portfolio
9:51:37 AM
Co-Chair Hoffman asked how the subdivision locations were
selected and recommended to the board.
9:52:02 AM
Ms. Warner shared that the lands were surveyed at the time
and that was what they were selected. She said that
feasibility of the project was explored particularly what
roads and utilities would do to the price point of the lot.
9:52:49 AM
Co-Chair Stedman asked what options were available to the
trust if a parcel did not meet the hurdled rate of return
due to the cost of roads and utilities.
9:53:09 AM
Ms. Warner replied if the economics did not make a return,
the project would be killed. She said that AHFC had a
program that could help to fund some of the riskier
projects in the effort to provide housing to Alaskans.
9:53:51 AM
Co-Chair Stedman noted that in the previous year the
committee had strategized with the Alaska Housing Finance
Corporation (AHFC) to craft a plan to get the trust, the
University, and the Department of Natural Resources, which
held vast real estate holding in the state, to develop
those lands to provide housing for Alaskans with minimal
risk.
9:55:40 AM
Co-Chair Hoffman thought that a hearing by AHFC could help
to educate the direction the committee had given them. He
asked about the six subdivisions and wondered how the
individuals were selected to purchase the parcels. He
thought that people with the funds to purchase the parcels
might not be those with the greatest need.
9:56:46 AM
Ms. Warner said that the trust looked for creative
solutions to meet the needs of communities, while still
meeting the maximization of revenue for the trust.
9:57:50 AM
Ms. Warner continued to discuss slide 17. She said that the
TLO generated revenue through resource development on trust
lands that included renewable resources. In FY24 the first
renewable energy project ground lease diversified the
portfolio on trust lands. The lease supported a solar
energy project on 680 acres near Nikiski that proposed to
generate 28.5 mega watts of cost competitive energy to
interconnect with the Homer Electric Association Utility.
She said that the project could generate over $3 million in
royalty payment to the trust and beneficiaries in the first
lease. There is a possibility of a second lease, which
would generate more money.
9:58:51 AM
Ms. Warner addressed slide 18, "Icy Cape Exploration
Project":
• Large volume placer gold and industrial minerals
district including critical minerals
• Encouraging assay results and metallurgical test
studies
• On-target (budget and mineral resource estimate)
Ms. Warner relayed that the project was a large volume
placer gold and industrial minerals district including
critical minerals on trust lands approximately 75 miles
northwest of Yakutat. The land block was approximately
50,000 acres. She said that 23,000 acres were marine shore
sediment that contained gold, and industrial minerals. She
added that the sediments also contained critical minerals.
She stated that the project was a placer gold project with
the minerals being co-products. She said that exploration
had focused on the Grinder Prospect. Sample testing had
produced encouraging results. She said that the testing
work was carried out by industry experts with experience on
these types of deposits.
10:00:14 AM
Co-Chair Hoffman requested more detailed information on the
exploration project.
10:00:27 AM
Senator Kiehl asked about the exploration work performed by
the trust.
Ms. Warner replied that the trust was acting as a junior
mining company.
10:01:01 AM
Senator Kiehl noted that when other state agencies had
prospective resources, classically private companies had
shouldered the risk of exploration. He asked about the
trusts decision to take on the risk.
10:01:44 AM
Ms. Warner responded that the TLO had an experienced
resource geologist on staff and had received approval from
the board to spend a certain number of dollars on the
project. She said that at any point the board could kill
the project.
10:02:42 AM
Senator Kiehl asked about how the project, as related to
the overall risk portfolio of the trust, was assessed.
10:03:05 AM
Ms. Warner replied that the project began in 2015, under
basic research by those who had explored the area. She said
that there had been drilling done, which had rendered good
looking results.
10:03:53 AM
Senator Kiehl asked whether Ms. Warner could share the
trusts plan for assessing when and how to move forward and
lease to a producing partner and whether the trust planned
on becoming a mining company.
10:04:17 AM
Ms. Warner rebutted that the TLO did not plan on becoming a
mining company. She said that all the data would be revied
and then an industry partner would be brough onboard to do
the development.
10:05:03 AM
Ms. Warner displayed slide 19, "Opportunity at Icy Cape":
• Cost recovery methodology
• Large gold and industrial minerals district
• Numerous large placer gold discoveries
• Estimated $100-150M in revenue generation from
Grinder
• Economic activity
• Markets support gold and industrial minerals from
Icy Cape
10:06:53 AM
Co-Chair Stedman asked whether the land office had selected
the parcel for housing construction or mineral deposits.
10:07:04 AM
Ms. Warner agreed to provide that information. She noted
that the parcel had be used in various ways.
10:07:26 AM
Co-Chair Stedman said that there was no residential
development on the parcel. He thought that the mineral
deposit opportunity was attractive and hoped it would come
to fruition.
10:08:16 AM
Co-Chair Hoffman announced that he had mines in his
district, the largest of which were Pebble Mine and Donlin
Gold Project. He said that mining was controversial in the
state. He relayed that Alaskans were concerned about water
pollution clean-up, and who would pay for restoration of
lands. He asked who would be responsible for those concerns
at the Icy Cape project.
10:08:58 AM
Ms. Warner explained that the placer gold operation would
equate to washing sand with water. She said that tailings
would not be produced. She admitted that the land was
remote and that barge landings would need to be built at
every tide. She said that the trust had no environmental
concerns that would hamstring the project.
10:09:49 AM
Co-Chair Hoffman asked whether federal permits were
necessary for the project.
10:09:59 AM
Ms. Warner replied that federal permits were always
required. She contended that this was a cleaner way of
mining, which would require less permitting.
10:10:35 AM
Co-Chair Stedman requested potential market value of the
real estate and the impact of the lease up costs. He wanted
to be able to track the assets as they were liquidated over
the next few years.
10:11:29 AM
Dr. Wilson agreed to provide that information. She thanked
the committee.
10:12:18 AM
Co-Chair Hoffman asked whether the trust board had any
members from rural Alaska.
10:12:24 AM
Dr. Wilson replied that the board had one member from
Ketchikan and the other members were from larger
communities.
10:12:46 AM
Co-Chair Hoffman expressed surprise at Ketchikan being
considered rural.
10:12:53 AM
Dr. Wilson apologized for the characterization.
10:13:01 AM
Co-Chair Hoffman contended that Ketchikan was not rural
Alaska.
10:13:05 AM
Dr. Wilson said that trustees were appointed by the
governor from a list of names submitted by the board.
10:13:10 AM
Co-Chair Hoffman argued that if people from rural Alaska
were not submitted, they could never be nominated.
10:13:12 AM
Dr. Wilson agreed.
10:13:17 AM
Co-Chair Hoffman wondered about any proposed legislation by
the trust such as updated to Title 47.
10:13:38 AM
Dr. Wilson deferred to Ms. Johnson.
10:13:51 AM
Ms. Johnson replied that the trust was not moving any
active legislation regarding Title 47.
10:14:15 AM
Co-Chair Hoffman thought that all the issues the trust delt
with could have some solutions that could met through the
legislative process.
Co-Chair Hoffman discussed the following day's meeting.
ADJOURNMENT
10:15:21 AM
The meeting was adjourned at 10:15 a.m.
| Document Name | Date/Time | Subjects |
|---|---|---|
| 020625 AMHTA S FIN 2025.pdf |
SFIN 2/6/2025 9:00:00 AM |
|
| 020625 AMHTA CRE Cashflow FY23 FY24.pdf |
SFIN 2/6/2025 9:00:00 AM |
|
| 020525 Trust follow-up to February 6, 2025 presentation.pdf |
SFIN 2/6/2025 9:00:00 AM |