- Alaska Statutes.
- Title 37. Public Finance
- Chapter 10. Public Funds
- Section 70. Investment of Residual Money.
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. Investment of the Alaska Permanent Fund. [Repealed, Sec. 10 Ch 18 SLA 1980. For Current Law See AS 37.13
next: Section 71
. Investment Powers and Duties.
AS 37.10.070. Investment of Residual Money.
- (a) The commissioner shall invest, as set out in AS 37.10.071
, the money in the state treasury above an amount sufficient to meet immediate expenditure needs. In managing the
invested assets, the commissioner shall
- (1) consider the status of the assets and liabilities on both a current and a probable future basis;
- (2) determine the appropriate investment objectives;
- (3) establish investment policies to achieve the objectives; and
- (4) act only in regard to the best financial interests of the state.
- (b) The commissioner may invest on the basis of probable total rate of return without regard to the distinction between
principal and income and without regard to the generation of income.
- (c) In this section, "commissioner" means the commissioner of revenue.
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