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. 37.14.425. Public records.
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.
Sec. 37.14.430. Applicability of open meetings law.
(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 44.62.310 or 44.62.312, in which case […]
Sec. 37.14.170. Investments.
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 basis of probable total rate of return to promote the […]
Sec. 37.14.450. Definitions.
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 the trust established for natural resource […]