- Alaska Statutes.
- Title 43. Revenue and Taxation
- Chapter 50. Tobacco Taxes and Sales
- Section 140. Disposition of Proceeds.
previous: Section 130
next: Section 145
. Notification of Noncompliance; Confiscation of Noncomplying Cigarettes. [Repealed, Sec. 4 Ch 103 SLA 2003].
AS 43.50.140. Disposition of Proceeds.
The proceeds derived from the payment of taxes, fees, and penalties under AS 43.50.010
- 43.50.180, and the license fees received by the
department shall be paid into a state fund entitled "School Fund," and shall be used exclusively to rehabilitate,
construct, and repair the state's school facilities, and for costs of insurance on buildings comprising school
facilities during the rehabilitation, construction, and repair, and for the life of the buildings.
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