Alaska Statutes.
Title 37. Public Finance
Chapter 13. Alaska Permanent Fund and Corporation
Section 140. Income.
previous: Section 130. Gains and Losses. [Repealed, Sec. 13 Ch 81 SLA 1982].
next: Section 145. Disposition of Income.

AS 37.13.140. Income.

Net income of the fund includes income of the earnings reserve account established under AS 37.13.145 . Net income of the fund shall be computed annually as of the last day of the fiscal year in accordance with generally accepted accounting principles, excluding any unrealized gains or losses. Income available for distribution equals 21 percent of the net income of the fund for the last five fiscal years, including the fiscal year just ended, but may not exceed net income of the fund for the fiscal year just ended plus the balance in the earnings reserve account described in AS 37.13.145 .

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