Title 37, Public Finance

(a) The Alaska Mental Health Trust Authority (1) has a fiduciary obligation to ensure that the assets of the trust are managed consistent with the requirements of the Alaska Mental Health Enabling Act, P.L. 84-830, 70 Stat. 709 (1956); (2) shall contract with the Department of Na…

(a) The mental health trust fund is established as a separate fund of the Alaska Mental Health Trust Authority. (b) The fund consists of the cash assets of the principal of the trust, and includes (1) money appropriated to the fund; (2) the proceeds of sale or other disposals of …

The mental health trust fund shall be managed by the Alaska Permanent Fund Corporation under AS 37.13.300.

(a) The cash principal of the mental health trust fund shall be retained perpetually in the fund for investment by the Alaska Permanent Fund Corporation, as specified in AS 37.13.300. (b) The net income of the fund shall be transferred by the corporation to the mental health trus…

(a) The mental health trust settlement income account is established as a separate account of the Alaska Mental Health Trust Authority. The mental health trust settlement income account consists of (1) fees, charges, income earned on assets, and other money received by the trust …

(a) The mental health trust settlement income account shall be administered by the Alaska Mental Health Trust Authority. (b) If the authority determines that there is a surplus of money in the account above the amount sufficient to meet current and projected cash expenditure need…

(a) Money in the mental health trust settlement income account may only be used for the following purposes: (1) the awarding of grants and contracts in fulfillment of the authority's purpose to ensure an integrated comprehensive mental health program for the state; (2) obtaining …

(a) The authority may award grants and contracts that are paid for from money in the mental health trust settlement income account only in furtherance of its purpose to ensure an integrated comprehensive mental health program. (b) In awarding grants and contracts that are paid fo…

In AS 37.14.001 — 37.14.099, (1) “authority” means the Alaska Mental Health Trust Authority established under AS 44.25.200; (2) “board” means the board of trustees of the authority; (3) “enabling Act” means the Alaska Mental Health Enabling Act of 1956, P.L. 84-830, 70 Stat. 709.…

(a) There is established as a separate endowment trust fund the public school trust fund. (b) The principal of the fund established in (a) of this section consists of (1) the balance of the public school permanent fund on July 1, 1978; and (2) sums transferred under AS 37.14.150.…

(a) There is created in the Department of Revenue the Public School Fund Advisory Board composed of the commissioner of education and early development, three members elected by the Board of Education and Early Development from among its membership, and the commissioner of revenu…

The board created in AS 37.14.120 has the following powers and duties: (1) to hold regular meetings and special meetings considered necessary; and (2) to have prepared an annual accounting of the principal and income of the fund established in AS 37.14.110.

During each fiscal year the commissioner of revenue shall transfer to the fund created in AS 37.14.110 a sum equal to one-half of one percent of the total receipts derived from the management of state land, including amounts paid to the state as proceeds of sale or annual rent of…

The commissioner of revenue is the treasurer of the trust fund created in AS 37.14.110 and shall (1) in carrying out investment duties under this section, exercise the same powers and duties established for the Alaska Retirement Management Board in AS 37.10.220; (2) deposit the p…

Each year, the legislature may appropriate not more than five percent of the amount determined by the commissioner of revenue under AS 37.14.160(5) for the following purposes: (1) funding support of the state public school program; and (2) reimbursement of the costs of administra…

The commissioner of revenue is the fiduciary of the trust fund and shall invest the fund to provide increasing returns from capital appreciation and net income over long-term periods to the fund's current beneficiaries. The commissioner may invest the money in the fund on the bas…

(a) The Alaska children's trust is established as a separate endowment trust of the state. (b) The trust consists of (1) legislative appropriations to the trust; (2) donations to the trust; and (3) income earned on investments of trust assets appropriated by the legislature to th…

(a) The Alaska children's trust grant account is established as an account in the general fund. The legislature may appropriate funds to the grant account from (1) the trust account in the amount described in AS 37.14.200(e); (2) program receipts from special request Alaska child…

The trust shall be administered by the Alaska Children's Trust Board.

The Alaska Children's Trust Board is established in the Office of the Governor. The board is composed of (1) the governor or a designee of the governor; (2) the commissioner of family and community services or the commissioner's designee; (3) the commissioner of education and ear…

(a) The board shall (1) hold regular and special meetings it considers necessary; the board may hold meetings by teleconference; (2) award grants from the grant account to community-based programs that the board finds will aid in the prevention of child abuse and neglect; (3) mon…

(a) The board may adopt regulations to implement AS 37.14.200 — 37.14.270. Regulations adopted by the board are not subject to AS 44.62 (Administrative Procedure Act). The board shall comply with the requirements of AS 44.62.310 and 44.62.312. (b) Notwithstanding (a) of this sect…

In AS 37.14.200 — 37.14.270, unless the context otherwise requires, (1) “board” means the Alaska Children's Trust Board; (2) “grant account” means the Alaska children's trust grant account established in AS 37.14.205; (3) “private restricted-use donation” means a donation related…

(a) There is established as a separate fund in the state treasury the investment loss trust fund. The trust fund consists of money appropriated to it by the legislature. The Department of Revenue is the custodian of the trust fund and shall invest the trust fund in accordance wit…

The trust established under the Memorandum of Agreement and Consent Decree entered into by the United States and the state in settlement of claims to money received for injury, loss, or destruction of the natural resources affected by the March 24, 1989, Exxon Valdez oil spill, a…

(a) Notwithstanding any other provision of law, a state agency may not expend money received from the trust unless the expenditure is in accordance with an appropriation made by law. (b) Appropriations made to satisfy the requirement of (a) of this section may be made by general …

(a) Amounts received by the state as reimbursement for expenses related to the Exxon Valdez oil spill incurred by the state on or before December 31, 1992, shall be deposited in the general fund and, except as required under (b) of this section, may not be credited to an oil and …

The state trustees shall (1) submit to the governor and the legislature by December 15 of each year a report setting out, for each object or purpose of expenditure, the amounts approved for expenditure from the trust during the preceding fiscal year and the amounts actually expen…

The state trustees may not agree to an expenditure of money from the trust to a person or entity other than an agency of the state or federal government unless the expenditure is for administrative expenses of the trust and is consistent with the competitive principles of AS 36.3…

For purposes of AS 40.25.120, records of the trust in the custody of or subject to the control of state officers and agencies are public records.

(a) The provisions of AS 44.62.310 — 44.62.319 (Open Meetings Act) apply to a meeting related to the trust in which (1) one or more of the state trustees and one or more of the federal trustees participate, except to the extent that applicable federal law conflicts with AS 44.62.…

In AS 37.14.400 — 37.14.450, (1) “federal trustee” means a person appointed by the President of the United States to serve as a co-trustee of the trust; (2) “state trustee” means a state officer designated by the governor to serve as a co-trustee of the trust; (3) “trust” means t…

The Alaska heritage endowment fund is established as a separate endowment trust fund of the state. The principal of the fund consists of (1) legislative appropriations to the fund; and (2) gifts, bequests, and contributions of cash or other assets made by a person who has specifi…

(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…

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…

(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 …

In AS 37.14.500 — 37.14.540, “fund” means the Alaska heritage endowment fund established by AS 37.14.500.

(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…

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 …

(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…

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 Team Alaska athletes, coaches, staff, and directors; …

(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…

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…

(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…

In AS 37.14.700 — 37.14.740, “fund” means the Alaska veterans' memorial endowment fund established in AS 37.14.700.