- Alaska Statutes.
- Title 37. Public Finance
- Chapter 14. Trust Funds
- Section 31. Trust Fund Established.
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. Management of Trust Fund.
AS 37.14.031. Trust Fund Established.
- (a) The mental health trust fund is established as a separate fund of the Alaska Mental Health Trust Authority.
- (b) The fund consists of the cash assets of the principal of the trust, and includes
- (1) money appropriated to the fund;
- (2) the proceeds of sale or other disposals of mental health trust land, and the fees, charges, income earned, royalty
proceeds, and other money received from the management of mental health trust land attributable to principal; and
- (3) gifts, bequests, and contributions from other sources.
- (c) The net income of the fund shall be determined by the Alaska Permanent Fund Corporation in the same manner the
corporation determines the net income of the Alaska permanent fund under AS 37.13.140.
- (d) The authority shall adopt regulations providing for the determination of amounts attributable to principal under
(b)(2) of this section. The regulations must provide for the allocation between principal and income of money received
from the management of mental health trust land, and the manner of allocation must be in the long-term best interest of
the trust and its beneficiaries.
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