An Act relating to the qualifications and confirmation of appointees to the Board of Trustees of the Alaska Permanent Fund Corporation; and providing for an effective date.

HB 315 shortens the term length for public members of the Alaska Permanent Fund Corporation's Board of Trustees from six to four years and requires legislative confirmation for reappointments. The bill affects the four public board members (who must have finance or business experience) and changes the confirmation process for both initial appointments and reappointments. It also clarifies procedures for filling vacancies, including requiring interim appointments to be confirmed by the legislature at its next session. The changes apply to new appointments and reappointments starting December 1, 2026, but do not affect current board members serving on that date.