Net income of the fund includes income of the earnings reserve account established under AS 37.13.145 . Net income of the fund shall be computed annually as of the last day of the fiscal year in accordance with generally accepted accounting principles, excluding any unrealized gains or losses. Income available for distribution equals 21 percent of the net income of the fund for the last five fiscal years, including the fiscal year just ended, but may not exceed net income of the fund for the fiscal year just ended plus the balance in the earnings reserve account described in AS 37.13.145 .
Section: Previous 37.13.070 37.13.080 37.13.090 37.13.100 37.13.110 37.13.120 37.13.130 37.13.140 37.13.145 37.13.150 37.13.160 37.13.170 37.13.180 37.13.190 37.13.200 NextLast modified: November 15, 2016