Alaska HB315 amends the qualifications and confirmation process for the Board of Trustees of the Alaska Permanent Fund Corporation.

HB315 modifies the Alaska Permanent Fund Corporation's Board of Trustees, requiring two members to be heads of principal departments, including the commissioner of revenue. Four public members must be appointed by the governor and confirmed by the legislature. These public members must have recognized competence and wide experience in finance, investments, or other business. The public members serve staggered six-year terms and can be reappointed. Vacancies must be filled by the governor and confirmed by the legislature.

Alaska HB315 amends the qualifications and confirmation process for the Board of Trustees of the Alaska Permanent Fund Corporation.

HB315 modifies the Alaska Permanent Fund Corporation's Board of Trustees, requiring two members to be heads of principal departments, including the commissioner of revenue. Four public members must be appointed by the governor and confirmed by the legislature. These public members must have recognized competence and wide experience in finance, investments, or other business. The public members serve staggered six-year terms and can be reappointed. Vacancies must be filled by the governor and confirmed by the legislature.