Five Challenges for Alaska

DATE STUDY OVERALL SUMMARY ASSUMPTIONS RECOMMENDATIONS CHAIRS

February 1985 Compass North - Five Challenges for Alaska Discussion of Alaska as an "owner state" in which the state owns a substantial amount of land and resources. As the owner, Alaska has an obligation to provide its residents with a sustainable economy. To do this, the state must use its land and capital to preserve and enhance the private enterprise system. 1. Alaska is an "owner state", unique from other states.
2. The Alaskan government has an obligation as an owner to help sustain the economy.
3. The state government should use its power in partnership with the private sector to create new opportunity and wealth.
4. If the state government does not stop dissipating its capital base on current operations, the result may be a failed economy. 1. Alaska's ownership revenues should be divided equally between the Permanent Fund and a new capital investment fund.
2. The legislature should enact legislation which establishes long-term goals for the Permanent Fund.
3. Current spending must be reduced to levels that can be sustained in the future.
4. The state government must refrain from using its wealth to usurp local decisions or displace local responsibility.
5. Alaska's statehood lands and resources should be managed as capital assets.
6. The governor should forge the resource development strategy necessary to enact legislative policy.
7. The state should determine its role as an investor in the development of Alaska's resources. Max Hodel, Harold Heinze, Sue Linford, Richard Barnes, Millett Keller

Commonwealth North Reports

Commonwealth North

DATE	STUDY	OVERALL SUMMARY	ASSUMPTIONS	RECOMMENDATIONS	CHAIRS
February 1985	Compass North - Five Challenges for Alaska	Discussion of Alaska as an "owner state" in which the state owns a substantial amount of land and resources. As the owner, Alaska has an obligation to provide its residents with a sustainable economy. To do this, the state must use its land and capital to preserve and enhance the private enterprise system.	1. Alaska is an "owner state", unique from other states. 2. The Alaskan government has an obligation as an owner to help sustain the economy. 3. The state government should use its power in partnership with the private sector to create new opportunity and wealth. 4. If the state government does not stop dissipating its capital base on current operations, the result may be a failed economy.	1. Alaska's ownership revenues should be divided equally between the Permanent Fund and a new capital investment fund. 2. The legislature should enact legislation which establishes long-term goals for the Permanent Fund. 3. Current spending must be reduced to levels that can be sustained in the future. 4. The state government must refrain from using its wealth to usurp local decisions or displace local responsibility. 5. Alaska's statehood lands and resources should be managed as capital assets. 6. The governor should forge the resource development strategy necessary to enact legislative policy. 7. The state should determine its role as an investor in the development of Alaska's resources.	Max Hodel, Harold Heinze, Sue Linford, Richard Barnes, Millett Keller