The state trustees may not agree to an expenditure of money from the trust to a person or entity other than an agency of the state or federal government unless the expenditure is for administrative expenses of the trust and is consistent with the competitive principles of AS 36.30 (State Procurement Code). This section does not prevent an agency receiving trust money from expending the money in accordance with procurement or other law applicable to that agency.
Section: Previous 37.14.400 37.14.405 37.14.410 37.14.415 37.14.420 37.14.425 37.14.430 37.14.450 NextLast modified: November 15, 2016