Take five payout may 26 20192/14/2024 ![]() Shortly after the oil from Alaska's North Slope began flowing to market through the Trans-Alaska Pipeline System, the Permanent Fund was created by an amendment to the Alaska Constitution. The main use for the fund's revenue has been to pay out the Permanent Fund Dividend (PFD), which many authors portray as the only example of a basic income in practice. Īs of 2019, the fund was worth approximately $64 billion that has been funded by oil and mining revenues and has paid out an average of approximately $1,600 annually per resident (adjusted to 2019 dollars). From February 1976 until April 1980, the Department of Revenue Treasury Division managed the state's Permanent Fund assets, until, in 1980, the Alaska State Legislature created the APFC. It was established in Alaska in 1976 by Article 9, Section 15 of the Alaska State Constitution under Governor Jay Hammond and Attorney General Avrum Gross. The Alaska Permanent Fund ( APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation ( APFC). If it is a media inquiry, please email Julie Angell.Permanent fund of oil revenues managed by the State of Alaska Have any questions, feel free to reach out to experts on our team - Matt Balvanz or Tatu Tiilila. To read more about this topic and how it’s changing college sports, check out our latest article in USA Today. The following chart further breaks down our year-by-year projections for average per-school payouts from each P5 conference. These estimates include additional revenue from NCAA units, bowl payouts, conference championships and other revenue streams beyond media rights all of these revenues are assumed to have steady growth rates. ![]() These estimates do NOT reflect adjustments from advance payouts of conference distributions or other COVID related adjustments that are not public knowledge.These estimates do NOT reflect any strategies conferences may adopt in the structuring of their media rights, the negotiation process, or other potential moves to maximize value. ![]()
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