AIDEA Board Approves $14.475 Million Dividend
FY2021 dividend to state general fund puts AIDEA over $422 million declared
ANCHORAGE—The Alaska Industrial Development and Export Authority (AIDEA) approved a dividend of $14,475,000 to the state general fund for FY2021.
“We are pleased to announce this dividend to the State of Alaska,” said AIDEA Board Chairman Dana Pruhs. “Our dividends further underscore AIDEA’s valuable contribution to Alaska’s economy.”
The Board determines the amount of AIDEA’s annual dividend that is made available to the Legislature for appropriation. Alaska Statute provides a range for the dividend calculation, and the Board chose to pay the FY2021 dividend at the maximum amount.
Since the dividend program’s inception, AIDEA has declared more than $422 million to the state, including the $14.475 million approved for FY2021.
In This Issue
50 Years of ANSCA
Fifty years ago, as the Watergate scandal swirled around then-President Richard Nixon, he signed into law the Alaska Native Claims Settlement Act (ANCSA). It was the largest land claims settlement in the nation’s history and a stark departure from agreements forced on Tribes in the Lower 48.