One dissenting member of the board of trustees warned that the vote could cause ‘a fight’ with the Legislature.
State legislators criticized the action, in part because the corporation’s board of trustees took action without requesting legislative permission.
So-called “intent” language is not legally binding, but it signaled legislative dissatisfaction with the corporation’s action.“The matter wasn’t about that particular issue — I’m not particularly concerned about the Permanent Fund Corp.’s operations — as much as making sure the Legislature maintains the power of appropriation,” Johnson said.
That budgetary language isn’t final — Gov. Mike Dunleavy still must sign the budget and could use his line-item veto authority — but trustees didn’t wait for the governor’s input. “Recruitment and retention right now in Alaska is such an important issue, and providing tools to the corporation — any tools that they can have to give them that upper hand to compete … is really important,” said Trustee Ryan Anderson, commissioner of the Department of Transportation and Public Facilities.
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