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Hey, I love free money! Really though, I would live here anyway. Really great view of the Mendenhall Glacier from my house!
The Alaska Permanent Fund was created in 1977; guided by our then visionary Governor Jay Hammond. After the Alaska State Legislature quickly spent the $900 million dollars it received for the Prudhoe Bay lease sales; it became quickly apparent that we would have to keep a portion of future oil revenues out of the hands of legislators. The Alaska permanent fund principal, now valued at about $22 Billion; is protected by the Alaska Constitution. Each, and every year since, a portion of Alaskas' oil royalities are placed into the permanent fund.
Here are the yearly amounts for the last few years, not too shabby!
2004
$919.84
2003
$1107.56
2002
$1540.76
2001
$1850.28
2000
$1963.86
1999
$1769.84
1998
$1540.88
1997
$1296.54
1996
$1130.68
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