Alaska Statutes Title 37, Chapter 37.14, Article 02 - Public School Trust Fund

• Sec. 37.14.110 Public School Trust Fund Established.
  (a) There is established as a separate endowment trust fund the public school trust fund.(b) The principal of the fund established in (a) of...
• Sec. 37.14.120 Public School Fund Advisory Board Created.
  (a) There is created in the Department of Revenue the Public School Fund Advisory Board composed of the commissioner of education and early development,...
• Sec. 37.14.130 Powers and Duties of Board.
  The board created in AS 37.14.120 has the following powers and duties:(1) to hold regular meetings and special meetings considered necessary; and(2) to have...
• Sec. 37.14.140 Utilization of Income.
  The net income of the fund may not be appropriated for a purpose other than the support of the state public school program. The...
• Sec. 37.14.150 Contributions.
  During each fiscal year the commissioner of revenue shall transfer to the fund created in AS 37.14.110 a sum equal to one-half of one...
• Sec. 37.14.160 Duties of the Commissioner of Revenue.
  The commissioner of revenue is the treasurer of the trust fund created in AS 37.14.110 and shall(1) in carrying out investment duties under this...
• Sec. 37.14.170 Investments.
  The commissioner of revenue is the fiduciary of the trust fund and shall invest the fund to provide increasing net income over long-term periods...

Last modified: November 15, 2016