CSHCR 26(STA): Relating to investments in Alaska's nonprofit and for profit corporations by those corporations in which the permanent fund invests.
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.