Alaska Administrative Code
Title 15 - Revenue
Chapter 137 - Receipt, Custody, Investment, and Management of State Funds
Article 3 - Alaska Permanent Fund Corporation Investment Activities
15 AAC 137.530 - Investments not otherwise permitted
Universal Citation: 15 AK Admin Code 15 AAC 137.530
Current through August 30, 2024
(a) The permanent fund may hold assets not otherwise authorized under 15 AAC 137.410 - 15 AAC 137.520 that
(1) were held by the permanent fund before
January 1, 2006;
(2) are
distributed to the permanent fund as the result of a liquidation of other
assets held by the fund; or
(3) are
acquired by a manager of permanent fund assets because the assets are included
in an investment index that is applied by the APFC to measure that manager's
investment performance.
(b) The permanent fund may hold an asset described in (a) of this section so long as holding the asset satisfies the prudent-investor rule stated in AS 37.13.120(a).
(c) The APFC must liquidate, restructure, or otherwise bring into compliance a permanent fund investment that ceases to satisfy the prudent investor rule stated in AS 37.13.120(a) within six months after the asset first fails to satisfy that rule.
Authority:AS 37.13.120
AS 37.13.206
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