Alaska SB221 restricts state fund fiduciaries, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation Board from investing.

The Alaska Senate Bill 221 restricts the fiduciary of a state fund, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation Board from investing or doing business with DigitalBridge Group, Inc., or its affiliates. The bill establishes a special subaccount in the budget reserve fund for higher returns, prohibiting the commissioner of revenue from investing in DigitalBridge Group, Inc., or its affiliates. Income from this subaccount is retained within the subaccount.

Alaska SB221 restricts state fund fiduciaries, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation Board from investing.

The Alaska Senate Bill 221 restricts the fiduciary of a state fund, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation Board from investing or doing business with DigitalBridge Group, Inc., or its affiliates. The bill establishes a special subaccount in the budget reserve fund for higher returns, prohibiting the commissioner of revenue from investing in DigitalBridge Group, Inc., or its affiliates. Income from this subaccount is retained within the subaccount.