Alaska Statutes: AS 37.05.565. Alaska Capital Income Fund.

Alaska Statutes. Title 37. Public Finance Chapter 5. Fiscal Procedures Act Section 565. Alaska Capital Income Fund.

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AS 37.05.565. Alaska Capital Income Fund.

(a) There is established in the general fund the Alaska capital income fund consisting of money deposited to the fund under AS 37.13.145(d) and of appropriations to the fund. The fund shall be invested by the Department of Revenue to yield competitive market rates as provided in AS 37.10.071 . Income earned on money in the fund may be appropriated to the fund.
(b) Money may be appropriated from the Alaska capital income fund for any public purpose, including to cover annual debt service and reserves for debt service on bonds authorized by state law. Nothing in this subsection creates a dedicated fund.

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