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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (545562)	1/22/2010 1:11:39 PM
From: Brumar89	Read Replies (1) \| Respond to of 1576211

Yep, a REPUBLICAN governor created the fund koan takes credit for: Jay Sterner Hammond (July 21, 1922 – August 2, 2005) was an American Republican politician who was fifth Governor of Alaska from 1974 to 1982. ...... As governor during the biggest economic boom in Alaska's history, the construction of the Trans-Alaska Pipeline System, Jay Hammond oversaw the creation of the state government's most popular, and famous program, the Alaska Permanent Fund. The Permanent Fund was envisioned by Mr. Hammond as a program to invest oil royalties to cover future state budgets, but since the early 1980s has paid annual dividends to state of Alaska resident also. He also successfully worked to abolish the state income tax. As governor, Hammond advocated for fiscal responsibility, and introduced a amendment to the Alaska Constitution limiting state spending. ..... en.wikipedia.org