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THE PERMANENT FUND

"Protect it for the generations to come"

 

PERMANENT FUND COMPARISON MATRIX

 

The Alaska Voters Organization (www.akvoters.org) has prepared this chart to help illustrate the three possible operating options for Alaska’s Permanent Fund. 

 

The first column reflects how the Permanent Fund operates now.  The second column shows the affects of SJR 18 which is Governor Murkowski’s "government endowment, or percent of market value (POMV)" scheme.  The third column shows how legislation introduced by members of the legislative minority (SJR 19) will affect the Permanent Fund. 

 

Every Alaskan Voter will soon be asked to decide which plan is best.  Take a few minutes now to learn the facts, because an informed voter is the best defense against bad government.                          

 

Result of legislative action or inaction:  

Current:

 SJR 18 or

HJR 26 =

"POMV"

SJR 19 or

HJR 3 = PFD's

 

1.  Constitutional language protects and insurers PFD's     $
2.  Requires a vote of the people for any legislative spending of the Permanent Fund     $
3. Constitutional language provides inflation-proofing Permanent Fund principal     $
4.  Has statutory language that provides PFD's to Alaska Residents $   $
5.  Constitutionally protects Permanent Fund principal

$

 

$
6.  Keeps Permanent Fund earnings separate from principal

$

  

$
7.  Statutory language provides for Permanent Fund inflation-proofing $   $
8.  Allows legislative appropriation of Permanent Fund earnings $ $  
9.  Allows legislative appropriation of Permanent Fund principal   $  
10.  Under certain market conditions legislature could spend Permanent Fund principal   $  
11.  Eliminates the Earnings Reserve Account, the current source of inflation proofing   $  
12.  Eliminates the Earnings Reserve Account, the current source of PFD's   $  
13.  Allows legislative appropriation from Permanent Fund whether it produces earnings or not   $  

 

 

The official source for information presented above comes from text of legislation introduced and current Alaska State Statutes.  When reading the text of SJR 18 and SJR 19 it is important to observe not only what is stated, but what has been omitted or not clearly stated.  To fully understand this issue it is also important to read the referenced statutes dealing with Permanent Fund income, disposition of income (AS Sec. 37.13.140 & AS Sec. 37.13.145) and amount of dividend (AS Sec. 43.23.025).

 

Click here to send your message to SAVE the Permanent Fund

 

Click HERE and send a donation to the Alaska Voters "save the permanent fund" information campaign.

 

There are volunteer opportunities available in just about every village, town, and city in Alaska to help educate voters on this important issue.  If you have any additional questions, please contact the Alaska Voters Organization. 

 

Click here and review contributor list for the 1999 advisory vote campaign.  Remember, the vote YES committee wanted to take the PFD away.

 

Click here to see which legislators have sponsored HJR 1

Click here to see which legislators have sponsored or co-sponsored HJR 3

Click here to see which legislators have sponsored or co-sponsored HJR 26

Click here to see which legislators have sponsored SJR 18

Click here to see which legislators have sponsored or co-sponsored SJR 19

 

 

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