Alaska residents are set to receive a check for about $1,300 as their share from the state's oil fund.

<div class="block">Alaska residents are set to receive a check for about $1,300 as their share from the state&#39;s oil fund.</div>

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Alaska Residents to Receive $1,312 Oil Fund Check

Alaska residents are set to receive a check for roughly $1300 this week as their share from the state's oil fund, the permanent fund dividend has given out an annual payment. Since 1982. The Alaska Constitution stipulates at least 25% of the state's oil and mineral income should go into this fund. But both Alaska residents and lawmakers are divided on the fund. Some advocate a larger share of the state's oil revenue should be used to fund public services. While others argue that the annual payment helps families in remote areas of the state pay their bills.