OPINION: The Permanent Fund’s trustees make enough dumb decisions in plain view. Imagine if they could shut out the public entirely.

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Having no legal requirement to involve the public makes life easier for bureaucrats, but it is lousy public policy that undermines trust and confidence in government.

The Michael J. Burns building, which contains the offices of the Alaska Permanent Fund Corp. in Juneau, is seen on Thursday, March 17, 2022.

The public knows far less about the machinations of the Permanent Fund Corp. or its governor-appointed six-member Board of Trustees — which chugs along with no legislative oversight — than it really should. That is frightening. After all, paraphrasing bank robber Willie Sutton, that’s where the money is.

At least that is how Jason Brune sees it. He is a former Alaska Department of Environmental commissioner tapped in August by Gov. Mike Dunleavy to fill one of four public seats on the Board of Trustees. An exemption would facilitate those “‘fast-moving discussions and decisions’ on investments …,” he is quoted in the Beacon article as saying.

 

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