AK HB373

Requires the Alaska Permanent Fund Corporation board to invest at least 25 percent of fund assets in a stock market index tracking 500 U.S.-listed companies selected by market capitalization (such as the S&P 500)

Removes existing requirements for the board to maintain reasonable diversification among investments and to prioritize in-state investments with comparable risk and return

Eliminates the mandatory requirement for the board to adopt regulations under AS 37.13.120(a), making regulation adoption permissive rather than required

Repeals AS 37.13.120(a) and AS 37.13.120(e), which contained the prior investment framework provisions

Effective date of July 1, 2027