summary
Introduced
02/23/2026
02/23/2026
In Committee
02/23/2026
02/23/2026
Crossed Over
Passed
Dead
Introduced Session
34th Legislature
Bill Summary
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.
AI Summary
This bill mandates that the Alaska Permanent Fund Corporation's board must invest at least 25 percent of the fund's assets in a stock market index that tracks the performance of 500 large U.S. companies, replacing a previous requirement for broad diversification and prioritizing in-state investments under certain conditions. Additionally, the bill removes the requirement for the board to adopt regulations specifically for investment strategies under AS 37.13.120(a), while retaining their general authority to adopt regulations for the chapter's purposes, and repeals existing provisions related to investment strategies and in-state investment considerations, with the changes taking effect on July 1, 2027.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
REFERRED TO STATE AFFAIRS (on 02/23/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.akleg.gov/basis/Bill/Detail/34?Root=HB373 |
| BillText | https://www.akleg.gov/PDF/34/Bills/HB0373A.PDF |
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