Alaskans came together in November of 1976 to approve the establishment of the Alaska Permanent Fund through a constitutional amendment. 4 years later, it was decided how the Fund should ultimately be invested and managed.
On April 8, 1980, Governor Hammond signed SB161, establishing the Alaska Permanent Fund Corporation. This bill provided the mandate to safeguard the Principal and prudently manage the investment of the Permanent Fund for the maximum risk-adjusted return.
This important moment in Alaska’s history highlights the vision and perspective of those who worked tirelessly to protect our vital financial resources, setting the State on a course to support generations of Alaskans.