The Alaskan Permanent fund is a fund in which the state distributes profits from their oil production, via a dividend, to the residents of Alaska. In order to qualify for the dividend one must reside in Alsaka for at least a year, and have no plans of leaving the state. The Alaska Permanent Fund was established in 1976, and the dividend began being paid to residents 6 years later in 1982 with an initial $1000 payment. Since the initial dividend, the Permanent Fund has paid out anywhere from $331 all the way up to $2069 per year.
The 2010 Alaksa PFD today was announced by Governor Sean Parnell, and will be a sum of $1281 per qualified resident. The sum will be paid out on October 7th to 641,595 Alaskans. The current value of the Permanent fund is $35.9 billion.