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ALASKA STATUTES AND CODES
Sec. 37.14.200. - Alaska children's trust established.
Sec. 37.14.200. Alaska children's trust established.
(a) The Alaska children's trust is established as a separate endowment trust of the state.
(b) The principal of the trust consists of
(1) legislative appropriations to the trust; and
(2) gifts, bequests, and contributions of cash or other assets from a person.
(c) The net income of the trust shall be determined by the commissioner of revenue in accordance with investment accounting principles and in a manner that preserves the distinction between principal and income.
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