Craig Richards, chair of the Permanent Fund’s Board of Trustees, declined to answer many specific questions from legislators, citing confidentiality in the board’s decision making. He also noted that Angela Rodell has said she may sue over her firing.
Richards said the board had also consistently supported the same rules-based system for the fund, but several legislators on the committee were not convinced, noting that the board had called for the $3 billion overdraw of the fund to be modeled by an independent firm.
“It smells really bad,” said Rep. Ivy Spohnholz, D-Anchorage, about Rodell’s dismissal, echoing comments from several other committee members. The fund now provides over two-thirds of state revenue annually and there were multiple comments from legislators that its management should not be politicized.
Responding to a question by Spohnholz, Richards would not comment on whether he had communicated with members of the governor’s office about Rodell’s ouster before it occurred. Dunleavy spoke during a press conference earlier in the day, denying again that he knew about it ahead of time. “The Permanent Fund really needs to be left alone to do its business,” the governor said. “But this idea that somehow I orchestrated the dismissal of Angela Rodell, I would ask if anyone has evidence to that that they bring it forward so we can take a look at that, because I was not involved in this issue.”
Richards declined to speak to Alaska’s News Source before the committee hearing on the search for a new executive director for the Alaska Permanent Fund Corp. He told the committee that he wasn’t going to put his own name forward for the position, saying that is “not even a possibility.”Republican Sen.
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