Sec. 37.14.005. Responsibilities of the legislature.
(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 in a separate appropriation bill limited to appropriations for the state’s integrated comprehensive mental health program. […]
Sec. 37.14.007. Authority as trustee.
(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 is under a duty to the public and the trust beneficiaries […]
Sec. 37.14.009. Trust management.
(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 Natural Resources to manage the land assets of the […]
Sec. 37.14.031. Trust fund established.
(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 mental health trust land, and […]
Sec. 37.14.033. Management of trust fund.
The mental health trust fund shall be managed by the Alaska Permanent Fund Corporation under AS 37.13.300.
Sec. 37.14.035. Trust fund utilization.
(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 trust settlement income account at the end of […]
Sec. 37.14.036. Trust settlement income account established.
(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 that is not attributable to the principal of the trust under […]
Sec. 37.14.039. Trust settlement income account administration.
(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 needs of the authority, the surplus shall be invested by the […]
Sec. 37.14.041. Use of trust settlement income account.
(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 private and federal grants for a purpose described in (1) of […]
Sec. 37.14.045. Limitation on grants and contracts paid for from mental health trust settlement income account.
(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 for from money in the mental health trust settlement income […]