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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (32990)	11/2/2012 2:11:15 PM
From: Brumar89	1 Recommendation Read Replies (2) \| Respond to of 85487

I think you should explain the Democratic legislature opposed by a Republican legislature comment. Also, didn't the voters vote for a constitutional amendment? ... As governor during the biggest economic boom in Alaska's history, the construction of the Trans-Alaska Pipeline System, Hammond oversaw the creation of the Alaska Permanent Fund. The concept of the Permanent Fund, originally championed in 1969 by then-governor *Keith Miller* and Anchorage Times publisher and editor Robert Atwood on the eve of the Prudhoe Bay oil lease sale, lay dormant for years as a result of the legislature spending the proceeds of the lease sale and construction delays associated with the pipeline. During his first term as governor, Hammond, along with a young state representative from Kenai named Hugh Malone, conceived a program to invest oil royalties to cover future state budget shortfalls as well as create a long-term savings account. Alaska voters approved a constitutional amendment establishing the Permanent Fund in 1976 .... Wikipedia I note that governors Hammond and Keith Miller were Republicans.