A bill that would enable the Alaska Permanent Fund, Juneau, to invest up to 60% of its $24.5 billion in equities has gone to the state Senate finance committee after the proposal passed the entire House.
Jim Kelly, director-communications, said the committee has not set a hearing date yet. A similar bill languished last year in committee.
The House passed the bill 25-12 last week. It hadn't voted on a proposal last year. The fund, according to current law, may have only a maximum of 50% in equities, which is its current allocation.