Alaska2026Passed Legislature
HB373
Changes to Alaska Permanent Fund Investment Rules
Last scannedSep 21, 2026, 12:32 AM
In one sentence
This bill requires the board managing the permanent fund to invest at least one-quarter of its money in a specific U.S. stock index and removes old rules about investing locally.
What it does
- Requires the board to put at least 25 percent of fund assets into a stock market index tracking 500 large U.S. companies listed on exchanges primarily based on their size.
- Removes previous laws that asked the board to invest in Alaska-based opportunities when they were available and had similar risk and return levels as other options.
- Changes rules so the corporation can choose whether or not to write new regulations for its investments, instead of being required to do so.
- Repeals two existing sections of state law regarding investment diversification and regulation requirements.
Who it affects
- The Alaska Permanent Fund Corporation board
Limits and unknowns
- The bill does not say which specific companies are in the stock index, only that it tracks 500 U.S. firms selected primarily by size.
- The text does not explain how much money will be moved to meet the new 25 percent rule.
Plain language
Terms to know
- Stock market index
- A list of stocks used to measure how a part of the stock market is doing.
- Repeal
- To officially cancel or remove an existing law.
Official record
Sources
Official summary
PERMANENT FUND INVESTMENTS An Act relating to investments of the permanent fund; relating to investments made by the Alaska Permanent Fund Corporation; relating to regulations adopted by the Alaska Permanent Fund Corporation; and providing for an effective date.
Official activity
Bill history
- (H) COSPONSOR(S): TOMASZEWSKI2203
- (H) REFERRED TO STATE AFFAIRS1695
- (H) STA, FIN1695
- (H) READ THE FIRST TIME - REFERRALS1695