Sec. 37.13.900. Definitions.
In this chapter, (1) “board” means the Board of Trustees of the Alaska Permanent Fund Corporation; (2) “corporation” means the Alaska Permanent Fund Corporation; (3) “fund” means the Alaska permanent fund established under art. IX, sec. 15, Constitution of the State of Alaska.
Sec. 37.13.040. Alaska Permanent Fund Corporation.
There is established the Alaska Permanent Fund Corporation. The corporation is a public corporation and government instrumentality in the Department of Revenue managed by the board of trustees. The purpose of the corporation is to manage and invest the assets of the permanent fund and other funds designated by law in accordance with AS 37.13.010 […]
Sec. 37.13.200. Public access to information.
Information in the possession of the corporation is a public record, except that information that discloses the particulars of the business or affairs of a private enterprise or investor is confidential and is not a public record. Confidential information may be disclosed only for the purposes of an official law enforcement investigation or when its […]
Sec. 37.13.050. Composition and qualifications of board of trustees.
(a) The Board of Trustees of the Alaska Permanent Fund Corporation consists of six members appointed by the governor. Two of the members must be heads of principal departments of state government, one of whom shall be the commissioner of revenue. Four members shall be appointed by the governor from the public and may not […]
Sec. 37.13.206. Regulations.
(a) The board may adopt regulations to carry out the purposes of this chapter and shall adopt regulations under AS 37.13.120(a). The provisions of AS 44.62 (Administrative Procedure Act) regarding the adoption of regulations do not apply to regulations of the corporation. (b) The board may adopt regulations under this section by motion, by resolution, […]
Sec. 37.13.060. Term of office.
The public members of the board shall be appointed for terms of four years, and they may be reappointed. The terms of the public members shall be staggered so that no more than one term of a public member expires each year.
Sec. 37.13.300. Corporation to manage certain assets of the mental health trust.
(a) The corporation shall manage the mental health trust fund. (b) The corporation shall (1) hold and invest the mental health trust fund subject to AS 37.13.120; (2) at least quarterly, prepare, publish, and distribute to the Board of Trustees of the Alaska Mental Health Trust Authority a financial report showing investment revenue and expenditures, […]
Sec. 37.13.070. Removal and vacancies.
(a) The governor may remove a public member of the board from office only for cause. A removal by the governor must be in writing and must state the reason for the removal. A member who is removed by the governor may not participate in board business and may not be counted for purposes of […]
Sec. 37.13.080. Quorum and voting.
Four members of the board constitute a quorum for the transaction of business and the exercise of the powers and duties of the board. Action may be taken only upon affirmative vote of a majority of the full membership of the board.
Sec. 37.13.090. Compensation of board members.
Public members of the board receive an honorarium of $400 for each day spent at a meeting of the board or at a meeting of a subcommittee of the board or at a public meeting as a representative of the board. Members of the board are entitled to per diem and travel allowances as provided […]