The Alaska Permanent Fund is a constitutionally authorized appropriation of oil revenues, established by voters in 1976 to manage a surplus in state petroleum revenues from oil, largely in anticipation of the then recently constructed Trans-Alaska Pipeline System.
ðɪ ɐlˈæskə pˈɜːmənənt fˈʌnd ɪz ɐ kˌɑːnstɪtˈuːʃənəli ˈɔːθɚɹˌaɪzd ɐpɹˌoʊpɹɪˈeɪʃən ʌv ˈɔɪl ɹˈɛvənˌuːz, ɪstˈæblɪʃt baɪ vˈoʊɾɚz ɪn nˈaɪntiːnhˈʌndɹɪd sˈɛvənti sˈɪks tə mˈænɪdʒ ɐ sˈɜːplʌs ɪn stˈeɪt pətɹˈoʊliːəm ɹˈɛvənˌuːz fɹʌm ˈɔɪl, lˈɑːɹdʒli ɪn æntˈɪsɪpˈeɪʃən ʌvðə ðˈɛn ɹˈiːsəntli kənstɹˈʌktᵻd tɹˈænzɐlˈæskə pˈaɪplaɪn sˈɪstəm.