- Alaska Statutes.
- Title 37. Public Finance
- Chapter 5. Fiscal Procedures Act
- Section 160. Property Records.
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AS 37.05.160. Property Records.
The Department of Administration shall direct the use of inventory records by all state agencies to show all fixed and
movable property of the state. The records must be based on a physical inventory and charged with all subsequent
purchases and shall be reduced by all property traded in, condemned, or disposed of. The accuracy of the property
record shall be verified periodically by actual inspection of the property by the department. The state agencies may
be required to take physical inventory of properties annually and at other times as the department directs.
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