(a) The regional educational attendance area and small municipal school district school fund is created as an account in the general fund to be used, in addition to other funding sources, to fund projects approved under AS 14.11.025 for the costs of school construction in regional educational attendance areas and small municipal school districts.
(b) Legislative appropriations, including appropriations of interest earned on the fund, shall be deposited in the fund established under this section. The fund balance may not exceed $70,000,000.
(c) Money appropriated to the fund does not lapse except to the extent money in the fund exceeds the maximum fund balance specified in (b) of this section.
(d) In this section, "small municipal school district" has the meaning given in AS 14.11.025 .
Section: Previous 14.11.011 14.11.013 14.11.014 14.11.015 14.11.016 14.11.017 14.11.019 14.11.020 14.11.025 14.11.030 14.11.035 14.11.100 14.11.102 14.11.105 NextLast modified: November 15, 2016