Alaska Statutes.
Title 39. Public Officers and Employees
Chapter 40. United States Savings Bonds Purchase Plan
Section 20. Administration.
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AS 39.40.020. Administration.

(a) The wage deductions withheld under AS 39.40.010 shall be held in trust until a United States savings bond is purchased by the Department of Administration. After the purchase of the bond, it shall be turned over to the employee.

(b) The Department of Administration shall adopt regulations to carry out this chapter.

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