Permanent Fund Basics
Starting with a brief history
The Permanent Fund was established through a constitutional amendment approved by Alaska voters in 1976. The constitutional amendment and its supporting statutes set aside at least 25 percent of certain mineral revenues paid to the state for deposit into a public savings account to be invested for the benefit of the current and all future generations of Alaskans. It was, arguably, the most farsighted public policy decision Alaskans have made since statehood. Through FY 2002, the Fund has earned approximately $25 billion in statutory net income. The Fund's market value fluctuates.
From the Web site of the Alaska Permanent Fund Corporation, which contains vast amounts of PFD information.