The debts and liabilities of the Territory of Alaska shall be assumed and paid by the State, and debts owed to the Territory shall be collected by the State. Assets and records of the Territory shall become the property of the State.
Alaska Const. art. XV, § 18 — under Schedule of Transitional Measures.
Alaska Const. art. XV, § 18
Territorial Assets and Liabilities
The debts and liabilities of the Territory of Alaska shall be assumed and paid by the State, and debts owed to the Territory shall be collected by the State. Assets and records of the Territory shall become the property of the State.