1997 Alaska Statutes
Title 37 PUBLIC FINANCE
Chapter 37.14. TRUST FUNDS
Sec. 37.14.200. Alaska children's trust established.
Sec. 37.14.200. Alaska children's trust established.
(a) The Alaska children's trust is established as a separate endowment trust of the state.
(b) The principal of the trust consists of
(1) legislative appropriations to the trust; and
(2) gifts, bequests, and contributions of cash or other assets from a person.
(c) The net income of the trust shall be determined by the commissioner of revenue in accordance with investment accounting principles and in a manner that preserves the distinction between principal and income.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
