DATE
STUDY
OVERALL SUMMARY
ASSUMPTIONS
RECOMMENDATIONS
CHAIRS
June 1981
Investing in Alaska's Future: The Capital Investment Fund
A second fund, like the Permanent Fund, should be created to provide stability to Alaska's economy. This fund would provide investment in an infrastructure designed to broaden Alaska's economic base.
1. Alaska needs to build an economic backbone.
2. It is imperative that there be a reinvestment of current revenues within the state to prevent a "boom and bust" economy.
3. There is a clear need to develop cost-effective, modern utilities and upgrade transportation facilities.
4. The public sector has the opportunity and the ability to invest in transportation and power projects that will allow the economy to diversify.
5. Alaska is unique and requires a unique solution.1. Create an "Alaska Capital Investment Fund" whose aim is to channel a portion of current revenues into the financing of Alaska's economic infrastructure.
2. The Fund will insure that Alaskans have inflation-proof energy and vital transportation links.
3. The Fund will represent an investment in the future as does the Permanent Fund, but the Capital Investment Fund's dollars will be mandated to be invested in the state.
4. The "dividends" of the Fund will be new jobs, new services and economic security.Loren Lounsbury
