Sec. 37.14.540. Definition.
In AS 37.14.500 – 37.14.540, “fund” means the Alaska heritage endowment fund established by AS 37.14.500.
Sec. 37.14.600. Arctic Winter Games Team Alaska trust fund established.
(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 manage the trust as an endowment, with the goal […]
Sec. 37.14.610. Duties of the commissioner.
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 for the Alaska Retirement Management Board in AS 37.10.220; […]
Sec. 37.14.620. Transfers from the trust fund.
(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 by the commissioner as available for appropriation to the […]
Sec. 37.14.630. Use of trust money.
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; (2) staging tryouts for Arctic Winter Games Team Alaska in […]
Sec. 37.14.700. Alaska veterans’ memorial endowment fund established.
(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 shall manage the fund as an endowment, with the […]
Sec. 37.14.720. Powers and duties of the commissioner of revenue.
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 and investment performance of the fund.
Sec. 37.14.730. Use of fund.
(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 appropriation by the legislature for uses described in (b) of this […]
Sec. 37.14.740. Definition.
In AS 37.14.700 – 37.14.740, “fund” means the Alaska veterans’ memorial endowment fund established in AS 37.14.700.
Sec. 37.14.750. Alaska higher education investment fund established.
(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(a), making scholarship payments to qualified postsecondary institutions for students under AS 14.43.810 – 14.43.849 by appropriation to […]