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BEATTIE THROUGH BEATTIE v. UNITED STATES

Nos. A85-209 Civil, A85-359 Civil and A85-387 Civil.

635 F.Supp. 481 (1986)

Mary Elizabeth BEATTIE, a minor, Through her next friend, J. Patrick BEATTIE, Plaintiff, v. UNITED STATES of America, Defendant. David J. GREISEN, By and Through his father and natural guardian, Ronald E. GREISEN, Plaintiff, v. UNITED STATES of America, Defendant. Catherine Anne BEATTIE, a minor, Through her next friend, J. Patrick BEATTIE, Plaintiff, v. UNITED STATES of America, Defendant.

United States District Court, D. Alaska.

March 13, 1986.

Attorney(s) appearing for the Case

David G. Shaftel, Ron Zobel and Steven O'Hara, Bankston & McCollum, Anchorage, Alaska, for plaintiffs.

F. Michael Kovach, Jr., Tax Div., U.S. Dept. of Justice, Washington, D.C., for defendant.

ORDER

(Motion for Summary Judgment by United States of America Granted)

HOLLAND, District Judge.

I.

FACTUAL BACKGROUND

In 1969 after Alaska received $900 million for Prudhoe Bay oil leases, Governor Keith Miller proposed an "Alaska Permanent Resources Fund" to be invested and its earnings used to fund future state budgets. The plan did not receive legislative support. Instead these funds and some $400 million in interest were...

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