How does “Own a Piece of the Pipe” work?
My plan would allow each Alaskan to choose – individually and affirmatively – to invest all or a portion of their annual Permanent Fund Dividend in a newly created state corporation – the Great Alaska Pipeline Company (GAP, Inc.) – by checking off a box on their PFD application. All funds would be held in escrow at GAP, Inc., until a gas pipeline was fully funded and construction was moving forward. The beauty of this approach is that only those willing individuals and businesses who want to “Own a Piece of the Pipe” would participate. You have total control over your PFD and would need to review the investment opportunity and then make your own decision on whether or not to participate. Individuals would then elect to check off a box on their PFD application to purchase their shares. The idea of the PFD check off is no different than when Alaskans choose to divert their PFD into a college savings/tuition account. As for the Permanent Fund in general, this idea would NOT touch the stru
