Alaska Statutes 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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Last modified: November 15, 2016