Title 37 — Public Finance
17 chapters · 393 sections in this title.
AS 37.14.510 Net income account.
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(a) The net income account is established in the Alaska heritage endowment fund. The net income account of the fund consists of (1) money and other assets given by persons to the fund whose placement in the principal of the fund is not required by AS 37.14.500(2); and (2) amounts…
AS 37.14.520 Powers and duties of the commissioner of revenue.
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The commissioner of revenue is the treasurer of the fund and has the power and duty to (1) act as official custodian of the cash and investments belonging to the fund by securing adequate and safe custodial facilities; (2) receive all items of cash and investments belonging to th…
AS 37.14.530 Use of fund.
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(a) The principal of the fund and any capital gains or losses realized on the principal shall be retained perpetually in the fund for investment as specified in AS 37.14.520. (b) The net income account of the fund may be appropriated for the following purposes: (1) reimbursement …
AS 37.14.540 Definition.
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Article 7. Arctic Winter Games Team Alaska Trust. In AS 37.14.500 — 37.14.540, “fund” means the Alaska heritage endowment fund established by AS 37.14.500.
AS 37.14.600 Arctic Winter Games Team Alaska trust fund established.
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(a) The Arctic Winter Games Team Alaska trust fund is established as a separate endowment trust of the state consisting of (1) appropriations to the trust; (2) donations to the trust; and (3) income earned on investments of trust assets. (b) The commissioner of revenue shall mana…
AS 37.14.610 Duties of the commissioner.
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The commissioner of revenue has the power and duty to (1) act as official custodian of the cash and investments belonging to the Arctic Winter Games Team Alaska trust by securing adequate and safe custodial facilities; (2) exercise the same powers and duties as those established …
AS 37.14.620 Transfers from the trust fund.
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(a) As soon as practicable after July 1 of each year, the commissioner of revenue shall determine the average month-end market value of the Arctic Winter Games Team Alaska trust fund for the immediately preceding three fiscal years. Five percent of that amount shall be identified…
AS 37.14.630 Use of trust money.
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Article 8. Alaska Veterans' Memorial Endowment Fund. The board of directors of the Arctic Winter Games Team Alaska may use money transferred from the Arctic Winter Games Team Alaska trust fund only for (1) equipment, uniforms, travel, and food and lodging for Arctic Winter Games …
AS 37.14.700 Alaska veterans' memorial endowment fund established.
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(a) The Alaska veterans' memorial endowment fund is established as a separate endowment trust fund of the state. The fund consists of (1) appropriations to the fund; (2) donations to the fund; and (3) income earned on investments of fund assets. (b) The commissioner of revenue sh…
AS 37.14.720 Powers and duties of the commissioner of revenue.
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In carrying out the investment duties under AS 37.14.700 — 37.14.740, the commissioner of revenue has the powers and duties set out in AS 37.10.071. The commissioner shall provide reports to the adjutant general of the Department of Military and Veterans' Affairs on the condition…
AS 37.14.730 Use of fund.
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(a) As soon as practicable after July 1 of each year, the commissioner of revenue shall determine the average month-end market value of the fund for the immediately preceding three fiscal years. The commissioner shall identify five percent of that amount as available for appropri…
AS 37.14.740 Definition.
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Article 9. Alaska Higher Education Investment Fund. In AS 37.14.700 — 37.14.740, “fund” means the Alaska veterans' memorial endowment fund established in AS 37.14.700.
AS 37.14.750 Alaska higher education investment fund established.
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Article 10. Mine Reclamation Trust Fund. (a) The Alaska higher education investment fund is established as a separate fund in the state treasury for the purpose of making grants awarded under AS 14.43.400 — 14.43.420 by appropriation to the account established under AS 14.43.915(…
AS 37.14.800 Mine reclamation trust fund established.
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(a) The mine reclamation trust fund is established as a separate trust fund of the state. The principal and earnings of the fund shall be held by the state for the purpose of protecting the public interest in reclaiming mine sites in the state. The fund is composed of the mine re…
AS 37.14.810 Powers and duties of the commissioner of revenue.
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The commissioner of revenue is a fiduciary to the fund. The commissioner shall manage both the mine reclamation trust fund income account and the mine reclamation trust fund operating account and shall invest their assets in accordance with AS 37.10.071.
AS 37.14.820 Use of the mine reclamation trust fund operating account.
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(a) The commissioner of natural resources may make expenditures from the mine reclamation trust fund operating account for the following purposes: (1) reclamation of mining operations for which a payment or deposit has been made into the fund; (2) maintenance of dams and other pe…
AS 37.14.830 Regulations.
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The commissioner of natural resources may adopt regulations necessary to carry out the purposes of AS 37.14.800 and 37.14.820 — 37.14.840.
AS 37.14.840 Definition.
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Article 11. Carbon Storage Closure Trust Fund. Unless the context otherwise requires, in AS 37.14.800 — 37.14.840, “fund” means the mine reclamation trust fund established in AS 37.14.800.
AS 37.14.850 Carbon storage closure trust fund.
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(a) The carbon storage closure trust fund is established as a separate trust fund of the state outside and separate from the general fund. The legislature may appropriate the principal and earnings of the fund for the purpose of protecting the public interest in maintaining and c…