The Legislative Assembly of Alberta's Standing Committee on the Alberta Heritage Savings Trust Fund held its annual public meeting on October 27, 2016 to discuss the status of the Fund.
The Alberta Heritage Savings Trust Fund is a long-term savings fund. Created in 1976 to set aside a portion of income gathered from nonrenewable resource revenues for current and future generations, today the Fund produces income that also supports programs essential to Albertans. Over the past 40 years the Fund has contributed close to $39.2 billion to support spending in areas such as health care, educatnion, infrastructure and social programs.
The Standing Committee on the Alberta Heritage Savings Trust Fund comprises nine Members of the Legislative Assembly. It reviews and approves the annual report; receives and reviews the quarterly reports on the Fund´s operations and results; holds public meetings with Albertans to report on investment activities and results; and reports to the Legislative Assembly on whether the mission of the Fund is being fulfilled.