An Act relating to the qualifications and confirmation of appointees to the Board of Trustees of the Alaska Permanent Fund Corporation; and providing for an effective date.

Summary

The bill changes how the six‑member Board of Trustees for the Alaska Permanent Fund Corporation is staffed. Four members appointed from the public must be Alaska residents with finance or business experience, cannot hold other state or federal jobs, and must be confirmed by a majority of the legislature in joint session. It also sets six‑year staggered terms, a 30‑day deadline for filling vacancies, and an effective date of Dec. 1, 2026.

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