"People who know me know that besides faith and family, nothing's more important to me than our beloved Alaska," said Governor Palin. "Serving her people is the greatest honor I could imagine."

Photo by Ben Stuart, Homer News Alaska Governor Sarah Palin speaks to Homer residents in July of 2008 at the Alaska Islands and Ocean Center.

Standing outside her home in Wasilla, Alaska, Governor Palin reflected upon some of the administration's accomplishments for Alaska as she approaches her final year in office.

"I am determined to take the right path for Alaska even though it is not the easiest path," said Governor Palin after the announcement. "Once I decided not to run for re-election, I also felt that to embrace the conventional 'Lame Duck' status in this particular climate would just be another dose of 'politics as usual,' something I campaigned against and will always oppose. It is my duty to always protect our great state. With that in mind, my family and I determined that it is best to make a difference this summer, and I am willing to change things, so that this administration, with its positive agenda, its accomplishments, and its successful road to an incredible future, can continue without interruption and with great administrative and legislative success. I look forward to helping others - to fight for our state and our country, and campaign for those who believe in smaller government, free enterprise, strong national security, support for our troops, and energy independence."

The transfer of power will occur following the Governor's picnic in Fairbanks on July 26. At that point in time, Lieutenant Governor Sean Parnell will be sworn in and Lieutenant General Craig Campbell will assume his role as Lieutenant Governor.

Governor Palin will spend July 4th in Juneau.