20 AAC 40.610. Allocation of trust land revenues between principal and income

Revenues received from the management of trust land will be allocated between principal and income as follows:

(1) to principal,

(A) l00 percent of

(i) land sale revenues;

(ii) royalties on coal, oil, gas, materials, and minerals; and

(iii) revenues from perpetual easements; and

(B) 85 percent of revenues from timber sales;

(2) to income,

(A) 100 percent of

(i) interest from land sale contracts;

(ii) bonus bids; and

(iii) rents; and

(B) 15 percent of revenues from timber sales.

History: Eff. 10/24/2004, Register 172

Authority: AS 37.14.031

AS 47.30.031

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