...five-year average market value. That limit would allow the fund to grow at least as fast as the inflation rate, said Clark Gruening, Permanent Fund chairman. Other savings accounts, such as university endowments, have adopted the same 5 percent...
...more than $1 billion in 1981. ''Those two appropriations, they really jump-started the fund,'' Kelly said. Clark Gruening served with Freeman in the House during the mid-1970s. He said Monday that Freeman was a key figure in bulking...
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