An Act relating to investments of the permanent fund; relating to investments made by the Alaska Permanent Fund Corporation; relating to regulations adopted by the Alaska Permanent Fund Corporation; and providing for an effective date.

Summary

The legislation revises the Alaska Permanent Fund Corporation’s investment policy, requiring a minimum of one‑quarter of the fund’s assets to be placed in a stock market index that tracks 500 U.S. companies, while still allowing diversification and in‑state investments when they meet comparable risk and return standards. It also gives the board broader authority to adopt its own regulations without following the usual administrative procedure rules and removes two existing statutory provisions. The changes would become effective on July 1, 2027.

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