Alaska HB373 modifies the investment strategy of the Alaska Permanent Fund, emphasizing in-state investments and stock market index tracking.

Alaska HB373 revises the investment strategy for the Alaska Permanent Fund, directing the board to prioritize in-state investments when they match the risk and return of alternatives. It mandates that at least 25% of fund assets be invested in a stock market index tracking the performance of 500 U.S. companies, primarily based on market capitalization. The bill exempts the Alaska Permanent Fund Corporation from certain administrative procedure regulations when adopting new rules. This Act will take effect on July 1, 2027.

Alaska HB373 modifies the investment strategy of the Alaska Permanent Fund, emphasizing in-state investments and stock market index tracking.

Alaska HB373 revises the investment strategy for the Alaska Permanent Fund, directing the board to prioritize in-state investments when they match the risk and return of alternatives. It mandates that at least 25% of fund assets be invested in a stock market index tracking the performance of 500 U.S. companies, primarily based on market capitalization. The bill exempts the Alaska Permanent Fund Corporation from certain administrative procedure regulations when adopting new rules. This Act will take effect on July 1, 2027.