- Alaska Statutes.
- Title 37. Public Finance
- Chapter 5. Fiscal Procedures Act
- Section 510. Working Reserve Account.
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AS 37.05.510. Working Reserve Account.
- (a) There is established in the general fund a working reserve account. The working reserve account consists of amounts
appropriated to state agencies for
- (1) cash payment of accrued leave;
- (2) cash payment of terminal leave;
- (3) payment of the employer's contribution for unemployment benefits of former employees; and
- (4) payment of claims for workers' compensation and general liability.
- (b) The Department of Administration shall allocate to the working reserve account amounts appropriated to all state
agencies for the benefits set out in (a) of this section after the appropriation Act implementing the state operating
budget is enacted. The department shall charge the reserve account with all payments for the benefits set out in (a)
of this section. If payments for a fiscal year exceed the unexpended balance of appropriations allocated to the
account, the department may, except for payments under (a)(4) of this section, pay those benefits by charging the
unencumbered balance of any appropriation enacted to finance the payment of employee salaries and benefits that is
determined to be available for lapse at the end of the fiscal year.
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