There is a newer version of the Alaska Statutes
1998 Alaska Statutes
Title 40 PUBLIC RECORDS AND RECORDERS
Chapter 40.21. MANAGEMENT AND PRESERVATION OF PUBLIC RECORDS
Sec. 40.21.040. Gifts, bequests or endowments of money.
Gifts, bequests or endowments of money shall be deposited in a separate account in the general fund and may be invested in a manner not inconsistent with the investment of other state funds. Proceeds of invested funds shall be used to carry out the purposes for which the money was given.
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