Saturday, August 5, 2017

Legacy Fund Data Through July, 2017 -- $4 Billion Milestone To Be Hit In August, 2017

Source here.
  • most recent deposit, July 21, 2017: $35 million (down from $37 million in June)
  • total deposits since inception: $3.976 billion
  • less than $25 million required to reach $4 billion in total deposits; that milestone will be hit next month, August, 2017
  • net assets in the fund, as of January, 2017: $4.3 billion 
  • height of the boom: $90 million / month being deposited
  • currently: about $30 million / month being deposited 
Get ready to spend:
  • principal and earnings of the Legacy Fund may not be expended until after June 30, 2017 -- that date met
  • expenditure requires a vote of at least 2/3rds in each house of the legislative assembly
  • not more than 15% of the legacy fund may be expended during a biennium

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