Title 37 — Public Finance

17 chapters · 393 sections in this title.

69 sectionsFiltered byTitle 37 Ch 14

AS 37.14.001 Mental health trust.
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In carrying out its trust obligations under the Mental Health Enabling Act of 1956, the state acts through the governor, the legislature, and the Alaska Mental Health Trust Authority (AS 44.25.200).
AS 37.14.003 Responsibilities of the governor.
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(a) At the time the governor submits the report under AS 37.07.060(b), the governor shall submit to the legislature a separate appropriation bill limited to appropriations for the state's integrated comprehensive mental health program. (b) If the appropriations in the bill submit…
AS 37.14.005 Responsibilities of the legislature.
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(a) The legislature shall annually pass and transmit to the governor a bill making appropriations of money for the state's integrated comprehensive mental health program. (b) The legislature shall make appropriations for the state's integrated comprehensive mental health program …
AS 37.14.007 Authority as trustee.
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(a) The Alaska Mental Health Trust Authority, established by AS 44.25.200, is the trustee of the trust established under the Alaska Mental Health Enabling Act of 1956, P.L. 84-830, 70 Stat. 709. (b) In exercising the powers, duties, and responsibilities as trustee, the authority …
AS 37.14.009 Trust management.
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(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…
AS 37.14.010 Mental health fund established. [Repealed, § 13 ch 48 SLA 1987.]
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[Repealed or reserved.]
AS 37.14.011 Mental health trust income account. [Repealed, § 12 ch 1 SSSLA 1994.]
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[Repealed or reserved.]
AS 37.14.013 Mental health trust income and proceeds account. [Repealed, § 49 ch 5 FSSLA 1994; § 9 ch 1 SSSLA 1994.]
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[Repealed or reserved.]
AS 37.14.020 Mental Health Fund Advisory Board created. [Repealed, § 13 ch 48 SLA 1987.]
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[Repealed or reserved.]
AS 37.14.021 Utilization of the mental health trust income account. [Repealed, § 39 ch 5 FSSLA 1994.]
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[Repealed or reserved.]
AS 37.14.023 Utilization of the mental health trust income and proceeds account. [Repealed, § 49 ch 5 FSSLA 1994; § 9 ch 1 SSSLA 1994.]
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[Repealed or reserved.]
AS 37.14.030 Powers and duties of board. [Repealed, § 13 ch 48 SLA 1987.]
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[Repealed or reserved.]
AS 37.14.031 Trust fund established.
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(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 …
AS 37.14.033 Management of trust fund.
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The mental health trust fund shall be managed by the Alaska Permanent Fund Corporation under AS 37.13.300.
AS 37.14.035 Trust fund utilization.
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(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…
AS 37.14.036 Trust settlement income account established.
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(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 …
AS 37.14.039 Trust settlement income account administration.
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(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…
AS 37.14.040 Fund utilization. [Repealed, § 13 ch 48 SLA 1987.]
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[Repealed or reserved.]
AS 37.14.041 Use of trust settlement income account.
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(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 …
AS 37.14.045 Limitation on grants and contracts paid for from mental health trust settlement income account.
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(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…
AS 37.14.050 Contributions. [Repealed, § 13 ch 48 SLA 1987.]
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[Repealed or reserved.]
AS 37.14.099 Definitions.
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Article 2. Public School Trust Fund. 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 Ac…
AS 37.14.110 Public school trust fund established.
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(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.…
AS 37.14.120 Public School Fund Advisory Board created.
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(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…
AS 37.14.130 Powers and duties of board.
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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.
AS 37.14.140 Utilization of income.
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[Repealed or reserved.]
AS 37.14.150 Contributions.
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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…
AS 37.14.160 Duties of the commissioner of revenue.
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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…
AS 37.14.165 Use of the public school trust fund.
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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…
AS 37.14.170 Investments.
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Article 3. Alaska Children's Trust. 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 inv…
AS 37.14.200 Alaska children's trust established.
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(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…
AS 37.14.205 Alaska children's trust grant account.
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(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…
AS 37.14.210 Powers and duties of the commissioner of revenue. [Repealed, § 14 ch 115 SLA 2010.]
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[Repealed or reserved.]
AS 37.14.220 Administration of the trust.
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The trust shall be administered by the Alaska Children's Trust Board.
AS 37.14.225 Trust board established.
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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…
AS 37.14.230 Powers and duties of the board.
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(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…
AS 37.14.240 Fund utilization. [Repealed, § 14 ch 115 SLA 2010.]
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[Repealed or reserved.]
AS 37.14.245 Regulations.
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(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…
AS 37.14.250 Secs. 37.14.250 — 37.14.260. Grants; eligibility for grants. [Repealed, § 14 ch 115 SLA 2010.]
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[Repealed or reserved.]
AS 37.14.270 Definitions.
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Article 4. Investment Loss Trust Fund. 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…
AS 37.14.300 Investment loss trust fund.
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Article 5. Exxon Valdez Oil Spill Trust. (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 shal…
AS 37.14.400 Trust recognized.
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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…
AS 37.14.405 Appropriations required.
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(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 …
AS 37.14.410 Reimbursed expenditures.
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(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 …
AS 37.14.415 Budget and reports.
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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…
AS 37.14.420 Payments to persons other than governments.
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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…
AS 37.14.425 Public records.
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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.
AS 37.14.430 Applicability of open meetings law.
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(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.…
AS 37.14.450 Definitions.
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Article 6. Alaska Heritage Endowment Fund. 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 c…
AS 37.14.500 Alaska heritage endowment fund established.
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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…