April 19, 2019

In this Issue:

How the Permanent Fund came to be
Political vision in 1976, but voices of caution, too
Legislators in 1976 resisted impulse to define Fund in detail
Idea of savings fund surfaced first in 1960s
Prudhoe Bay changed things – normal fiscal rules would not apply
1969 oil lease windfall prompted thinking about future
Gov. Keith Miller introduced first proposal, for a “development” fund
New legislators in 1975 willing to tackle new idea –saving oil wealth
Should some of the Fund be available for an emergency?
What Norway did that Alaska didn’t 

 

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