Assets from the state land-grant should be managed consistently with the constitutional mandate to maximize their use and benefit to the people of Alaska. The constitutional prohibition against dedicated funds is recognized as a policy principle which provides that the public interest is served when all state revenues are available for appropriation by the legislature. Effective asset management requires a flexible structure.
Performance measures are essential.
Private enterprise should be the first resource to develop public assets. Maximizing returns will enhance revenue to the state and provide economic stability. Clarify roles and responsibilities. Measure and disclose performance. Manage assets as a portfolio.