District M - Republican
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Session: State Capitol, Room 121 Juneau, AK 99801-1182 Phone: (907) 465-4958 Fax: (907) 465-4928 Send E-Mail Interim: PO Box 670190 Chugiak, AK 99567-0190 Phone: (907) 694-4958 Fax: (907) 694-0549 |
Confirmation of Board Managing Permanent Fund by Legislature
Proposing an amendment to the Constitution of the State of Alaska relating to certain public corporations
Updated: February 18
The Alaska Constitution provides for legislative confirmation of any board or commission at the head of a principal department or a regulatory or quasi-judicial agency. This includes the Board of Education, the Board of Game, and all the professional and regulatory boards, such as the Board of Dispensing Opticians.
In sharp contrast, public corporations, which manage tens of billions of dollars in state assets, are not subject to this provision. These corporations, including the Permanent Fund Corporation, Alaska Railroad and Alaska Housing Finance Corporation, have a tremendous impact on all Alaskans and our State's economy. Members are appointed at the Governor's pleasure and removed in the same manner, without legislative oversight.
The amendment proposed in SJR 34 is a necessary addition to our state's constitution. It would ensure that the people who control Alaska's largest assets are subject to a formal appointment, confirmation and removal process, not the whim of a newly elected Governor.
Please give SJR 34 your full consideration. Thank you.
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