CONFERENCE OF ALASKANS RESOLUTION NO

style='font-size:12.0pt;font-weight:normal'>As adopted by the Conference of

Alaskans Feb. 12, 2004

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A RESOLUTION

Expressing

the sense of the conference that a part of the income of the Alaska permanent

fund should be used for essential state services, such as education, public

protection and other necessary public services.

BE

IT RESOLVED BY THE CONFERENCE OF ALASKANS:

WHEREAS the earnings of the Alaska Permanent Fund exceed the amount of revenue

realized by the state from oil and gas taxation and royalties;

style='font-size:12.0pt'>WHEREAS the fiscal crisis facing Alaska is a clear and

present danger to the adequate provision of necessary public services;

style='font-size:12.0pt'>WHEREAS Alaska must not impose self-inflicted harm;

and

WHEREAS Alaska’s state spending is inadequate

to meet current needs for public education, public protection, and many other

necessary state services; and

            WHEREAS

the conference believes that after the dividend is protected a permanent fund

dividend distributed, and any remaining funds available for distribution are

used for essential government services, additional revenues will be needed to

fully fund and protect those essential government services.

style='font-size:12.0pt'>NOW THEREFORE LET IT BE RESOLVED: A portion of the

distribution of the percent of market value (POMV) of the Alaska Permanent Fund

should be used for essential state services, such as education, public

protection and other necessary state services. However this recommendation is

subject to the following conditions:

(1)

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Dividends must be paid out first

from the amount available under the percent of market value (POMV) distribution

method, as recommended by the board of trustees of the Alaska Permanent Fund,

with the remainder available to fund essential state services; and

style='font-size:12.0pt'>(2)                    

The governor and legislature must

take action to balance the state’s revenues and expenditures, including

but not limited to consideration of a personal income tax, other broad-based

taxes and other alternative sources of income.