A new proposed amendment to the Alaska Constitution could restructure the Permanent Fund.
Rep. Cliff Groh of Anchorage alongside lawmakers from both sides of the aisle announced the proposal of, a constitutional amendment they hope will “fully protect the Alaska Permanent Fund in the Constitution.”
A driving force behind the proposal, Groh worked in the legislature in the 1980s helping author the laws currently governing the Permanent Fund. As to whether the amendment will raise or lower PFD checks, Rep. Groh said, “This proposed constitutional amendment is agnostic on that question.” “While I personally am in favor of enshrining the rights of the Permanent Fund dividend in the constitution, this constitutional amendment would address a very different question, which is, shall the Legislature be able to overspend, or overdraw from the Permanent Fund?”
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