#amp-mobile-version-switcher{left:0;position:absolute;width:100%;z-index:100}#amp-mobile-version-switcher>a{background-color:#444;border:0;color:#eaeaea;display:block;font-family:-apple-system,BlinkMacSystemFont,Segoe UI,Roboto,Oxygen-Sans,Ubuntu,Cantarell,Helvetica Neue,sans-serif;font-size:16px;font-weight:600;padding:15px 0;text-align:center;-webkit-text-decoration:none;text-decoration:none}#amp-mobile-version-switcher>a:active,#amp-mobile-version-switcher>a:focus,#amp-mobile-version-switcher>a:hover{-webkit-text-decoration:underline;text-decoration:underline}:where(.wp-block-button__link){border-radius:9999px;box-shadow:none;padding:calc(.667em + 2px) calc(1.333em + 2px);text-decoration:none}:root :where(.wp-block-button .wp-block-button__link.is-style-outline),:root :where(.wp-block-button.is-style-outline>.wp-block-button__link){border:2px solid;padding:.667em 1.333em}:root :where(.wp-block-button .wp-block-button__link.is-style-outline:not(.has-text-color)),:root :where(.wp-block-button.is-style-outline>.wp-block-button__link:not(.has-text-color)){color:currentColor}:root :where(.wp-block-button .wp-block-button__link.is-style-outline:not(.has-background)),:root :where(.wp-block-button.is-style-outline>.wp-block-button__link:not(.has-background)){background-color:initial;background-image:none}:where(.wp-block-columns){margin-bottom:1.75em}:where(.wp-block-columns.has-background){padding:1.25em 2.375em}:where(.wp-block-post-comments input[type=submit]){border:none}:where(.wp-block-cover-image:not(.has-text-color)),:where(.wp-block-cover:not(.has-text-color)){color:#fff}:where(.wp-block-cover-image.is-light:not(.has-text-color)),:where(.wp-block-cover.is-light:not(.has-text-color)){color:#000}:root :where(.wp-block-cover h1:not(.has-text-color)),:root :where(.wp-block-cover h2:not(.has-text-color)),:root :where(.wp-block-cover h3:not(.has-text-color)),:root :where(.wp-block-cover h4:not(.has-text-color)),:root :where(.wp-block-cover h5:not(.has-text-color)),:root :where(.wp-block-cover h6:not(.has-text-color)),:root :where(.wp-block-cover p:not(.has-text-color)){color:inherit}:where(.wp-block-file){margin-bottom:1.5em}:where(.wp-block-file__button){border-radius:2em;display:inline-block;padding:.5em 1em}:where(.wp-block-file__button):is(a):active,:where(.wp-block-file__button):is(a):focus,:where(.wp-block-file__button):is(a):hover,:where(.wp-block-file__button):is(a):visited{box-shadow:none;color:#fff;opacity:.85;text-decoration:none}:where(.wp-block-group.wp-block-group-is-layout-constrained){position:relative}@keyframes show-content-image{0%{visibility:hidden}99%{visibility:hidden}to{visibility:visible}}@keyframes turn-on-visibility{0%{opacity:0}to{opacity:1}}@keyframes turn-off-visibility{0%{opacity:1;visibility:visible}99%{opacity:0;visibility:visible}to{opacity:0;visibility:hidden}}@keyframes lightbox-zoom-in{0%{transform:translate(calc(( -100vw + var(--wp--lightbox-scrollbar-width) ) / 2 + var(--wp--lightbox-initial-left-position)),calc(-50vh + var(--wp--lightbox-initial-top-position))) scale(var(--wp--lightbox-scale))}to{transform:translate(-50%,-50%) scale(1)}}@keyframes lightbox-zoom-out{0%{transform:translate(-50%,-50%) scale(1);visibility:visible}99%{visibility:visible}to{transform:translate(calc(( -100vw + var(--wp--lightbox-scrollbar-width) ) / 2 + var(--wp--lightbox-initial-left-position)),calc(-50vh + var(--wp--lightbox-initial-top-position))) scale(var(--wp--lightbox-scale));visibility:hidden}}:where(.wp-block-latest-comments:not([data-amp-original-style*=line-height] .wp-block-latest-comments__comment)){line-height:1.1}:where(.wp-block-latest-comments:not([data-amp-original-style*=line-height] .wp-block-latest-comments__comment-excerpt p)){line-height:1.8}:root :where(.wp-block-latest-posts.is-grid){padding:0}:root :where(.wp-block-latest-posts.wp-block-latest-posts__list){padding-left:0}:root :where(.wp-block-list.has-background){padding:1.25em 2.375em}:where(.wp-block-navigation.has-background .wp-block-navigation-item a:not(.wp-element-button)),:where(.wp-block-navigation.has-background .wp-block-navigation-submenu a:not(.wp-element-button)){padding:.5em 1em}:where(.wp-block-navigation .wp-block-navigation__submenu-container .wp-block-navigation-item a:not(.wp-element-button)),:where(.wp-block-navigation .wp-block-navigation__submenu-container .wp-block-navigation-submenu a:not(.wp-element-button)),:where(.wp-block-navigation .wp-block-navigation__submenu-container .wp-block-navigation-submenu button.wp-block-navigation-item__content),:where(.wp-block-navigation .wp-block-navigation__submenu-container .wp-block-pages-list__item button.wp-block-navigation-item__content){padding:.5em 1em}@keyframes overlay-menu__fade-in-animation{0%{opacity:0;transform:translateY(.5em)}to{opacity:1;transform:translateY(0)}}:root :where(p.has-background){padding:1.25em 2.375em}:where(p.has-text-color:not(.has-link-color)) a{color:inherit}:where(.wp-block-post-excerpt){box-sizing:border-box;margin-bottom:var(--wp--style--block-gap);margin-top:var(--wp--style--block-gap)}:where(.wp-block-preformatted.has-background){padding:1.25em 2.375em}:where(.wp-block-search__button){border:1px solid #ccc;padding:6px 10px}:where(.wp-block-search__input){font-family:inherit;font-size:inherit;font-style:inherit;font-weight:inherit;letter-spacing:inherit;line-height:inherit;text-transform:inherit}:where(.wp-block-search__button-inside .wp-block-search__inside-wrapper){border:1px solid #949494;box-sizing:border-box;padding:4px}:where(.wp-block-search__button-inside .wp-block-search__inside-wrapper) :where(.wp-block-search__button){padding:4px 8px}:root :where(.wp-block-separator.is-style-dots){height:auto;line-height:1;text-align:center}:root :where(.wp-block-separator.is-style-dots):before{color:currentColor;content:"···";font-family:serif;font-size:1.5em;letter-spacing:2em;padding-left:2em}:root :where(.wp-block-site-logo.is-style-rounded){border-radius:9999px}:root :where(.wp-block-social-links .wp-social-link a){padding:.25em}:root :where(.wp-block-social-links.is-style-logos-only .wp-social-link a){padding:0}:root :where(.wp-block-social-links.is-style-pill-shape .wp-social-link a){padding-left:.66667em;padding-right:.66667em}:root :where(.wp-block-tag-cloud.is-style-outline){display:flex;flex-wrap:wrap;gap:1ch}:root :where(.wp-block-tag-cloud.is-style-outline a){border:1px solid;margin-right:0;padding:1ch 2ch}:root :where(.wp-block-tag-cloud.is-style-outline a):not(#_#_#_#_#_#_#_#_){font-size:unset;text-decoration:none}:root :where(.wp-block-table-of-contents){box-sizing:border-box}:where(.wp-block-term-description){box-sizing:border-box;margin-bottom:var(--wp--style--block-gap);margin-top:var(--wp--style--block-gap)}:where(pre.wp-block-verse){font-family:inherit}:root{--wp--preset--font-size--normal:16px;--wp--preset--font-size--huge:42px}html :where(.has-border-color){border-style:solid}html :where([data-amp-original-style*=border-top-color]){border-top-style:solid}html :where([data-amp-original-style*=border-right-color]){border-right-style:solid}html :where([data-amp-original-style*=border-bottom-color]){border-bottom-style:solid}html :where([data-amp-original-style*=border-left-color]){border-left-style:solid}html :where([data-amp-original-style*=border-width]){border-style:solid}html :where([data-amp-original-style*=border-top-width]){border-top-style:solid}html :where([data-amp-original-style*=border-right-width]){border-right-style:solid}html :where([data-amp-original-style*=border-bottom-width]){border-bottom-style:solid}html :where([data-amp-original-style*=border-left-width]){border-left-style:solid}html :where(amp-img[class*=wp-image-]),html :where(amp-anim[class*=wp-image-]){height:auto;max-width:100%}:where(figure){margin:0 0 1em}html :where(.is-position-sticky){--wp-admin--admin-bar--position-offset:var(--wp-admin--admin-bar--height,0px)}@media screen and (max-width:600px){html :where(.is-position-sticky){--wp-admin--admin-bar--position-offset:0px}}:root :where(.wp-block-image figcaption){color:#555;font-size:13px;text-align:center}:where(.wp-block-group.has-background){padding:1.25em 2.375em}:root :where(.wp-block-template-part.has-background){margin-bottom:0;margin-top:0;padding:1.25em 2.375em}amp-img.amp-wp-enforced-sizes{object-fit:contain}amp-img img,amp-img noscript{image-rendering:inherit;object-fit:inherit;object-position:inherit}.amp-wp-enforced-sizes{max-width:100%;margin:0 auto}html{background:#0a5f85}body{background:#fff;color:#353535;font-family:Georgia,"Times New Roman",Times,Serif;font-weight:300;line-height:1.75}p,figure{margin:0 0 1em;padding:0}a,a:visited{color:#0a5f85}a:hover,a:active,a:focus{color:#353535}blockquote{color:#353535;background:rgba(127,127,127,.125);border-left:2px solid #0a5f85;margin:8px 0 24px 0;padding:16px}blockquote p:last-child{margin-bottom:0}.amp-wp-meta,.amp-wp-header div,.amp-wp-title,.amp-wp-tax-category,.amp-wp-footer p,.back-to-top{font-family:-apple-system,BlinkMacSystemFont,"Segoe UI","Roboto","Oxygen-Sans","Ubuntu","Cantarell","Helvetica Neue",sans-serif}.amp-wp-header{background-color:#0a5f85}.amp-wp-header div{color:#fff;font-size:1em;font-weight:400;margin:0 auto;max-width:calc(840px - 32px);padding:.875em 16px;position:relative}.amp-wp-header a{color:#fff;text-decoration:none}.amp-wp-header .amp-wp-site-icon{background-color:#fff;border:1px solid #fff;border-radius:50%;position:absolute;right:18px;top:10px}.amp-wp-article{color:#353535;font-weight:400;margin:1.5em auto;max-width:840px;overflow-wrap:break-word;word-wrap:break-word}.amp-wp-article-header{align-items:center;align-content:stretch;display:flex;flex-wrap:wrap;justify-content:space-between;margin:1.5em 16px 0}.amp-wp-title{color:#353535;display:block;flex:1 0 100%;font-weight:900;margin:0 0 .625em;width:100%}.amp-wp-meta{color:#696969;display:inline-block;flex:2 1 50%;font-size:.875em;line-height:1.5em;margin:0 0 1.5em;padding:0}.amp-wp-article-header .amp-wp-meta:last-of-type{text-align:right}.amp-wp-article-header .amp-wp-meta:first-of-type{text-align:left}.amp-wp-byline amp-img,.amp-wp-byline .amp-wp-author{display:inline-block;vertical-align:middle}.amp-wp-byline amp-img{border:1px solid #0a5f85;border-radius:50%;position:relative;margin-right:6px}.amp-wp-posted-on{text-align:right}.amp-wp-article-featured-image{margin:0 0 1em}.amp-wp-article-featured-image img:not(amp-img){max-width:100%;height:auto;margin:0 auto}.amp-wp-article-featured-image amp-img{margin:0 auto}.amp-wp-article-content{margin:0 16px}.amp-wp-article-content .wp-caption{max-width:100%}.amp-wp-article-content amp-img{margin:0 auto}.wp-caption{padding:0}.amp-wp-article-footer .amp-wp-meta{display:block}.amp-wp-tax-category{color:#696969;font-size:.875em;line-height:1.5em;margin:1.5em 16px}.amp-wp-footer{border-top:1px solid #c2c2c2;margin:calc(1.5em - 1px) 0 0}.amp-wp-footer div{margin:0 auto;max-width:calc(840px - 32px);padding:1.25em 16px 1.25em;position:relative}.amp-wp-footer h2{font-size:1em;line-height:1.375em;margin:0 0 .5em}.amp-wp-footer p{color:#696969;font-size:.8em;line-height:1.5em;margin:0 85px 0 0}.amp-wp-footer a{text-decoration:none}.back-to-top{bottom:1.275em;font-size:.8em;font-weight:600;line-height:2em;position:absolute;right:16px}.amp-wp-9f55261:not(#_#_#_#_#_){background-color:#0866ff}.amp-wp-0288613:not(#_#_#_#_#_){background-color:#1a1a1a}.amp-wp-1b3bec2:not(#_#_#_#_#_){background-color:#007bb5}.amp-wp-ce7eb4c:not(#_#_#_#_#_){background-color:#888990} /*# sourceURL=amp-custom.css */Borough Approves The 2023 Asset Allocation for the Land Trust Investment Fund Investments - Radio Kenai
Site icon Radio Kenai

Borough Approves The 2023 Asset Allocation for the Land Trust Investment Fund Investments

Carlee Christensen

The Kenai Peninsula Borough Assembly enacted an ordinance for the annual approval of the financial asset investments of the Land Trust Investment Fund for 2023.

 

Additionally, the Assembly amended KPB Code 5.10.200(B) to update subsections seven and nine and to add two new subsections. These changes were recommended to be aligned with the indices that are currently being utilized in management of the LTIF investment portfolio.

 

Assembly member Brent Hibbert provided details on the ordinance;

“Pursuant our code, the financial assets  of our investment of the Land Trust Fund has to be approved annually by resolution. So that is why that is here in front of us today. And the Alaska Permanent Capital Management is who manages this money and is the investment manager and they recommend that we don’t change anything for the next calendar year of 2023”

 

The ordinance was enacted without objection.

Exit mobile version