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flag Alaska lawmakers challenge $50M private equity move from state savings fund, citing lack of transparency and fiscal risk.

flag Alaska lawmakers are questioning a $50 million private equity investment drawn from the state’s savings fund, expressing concern it undermines the purpose of preserving emergency reserves. flag Senate President Gary Stevens, R-Kodiak, said the move risks tying up critical funds and may not align with fiscal responsibility, prompting plans for hearings to review the investment’s oversight and risks. flag The decision, made under Governor Mike Dunleavy’s administration, lacks transparency, with no details disclosed about the firm or expected returns. flag Lawmakers are demanding greater accountability in how state savings are used.

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