According to the Associated Press, the Alaska Legislature approved a measure to designate July 21 as Jay Hammond Day. As governor of Alaska from 1974 to 1982, Jay Hammond was instrumental in the creation of the Alaska Permanent Fund in 1976 and of the Permanent Fund Dividend in 1982. The Dividend is Alaska’s basic income, given out as a yearly dividend varying in size depending on stock market returns over recent years. Alaska probably would have had the Permanent Fund with one of many other politicians in office as governor, but the Dividend is very unlikely to have happened with Hammond’s eight years of campaigning and lobbying for it.
For news stories about the creation of Jay Hammond Day, go to: