(a) The Alaska comprehensive health insurance fund is established in the general fund. The Department of Administration shall deposit interest earned on the Alaska comprehensive health insurance fund in the general fund.
Terms Used In Alaska Statutes 21.55.430
Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
(b) The legislature may use the annual estimated balance in the Alaska comprehensive health insurance fund to make appropriations to the Department of Commerce, Community, and Economic Development to fund the reinsurance program under this chapter.(c) Payment for claims under the reinsurance program under this chapter is subject to appropriation.(d) Money in the fund does not lapse.(e) Nothing in this section creates a dedicated fund.(f)[Repealed, Sec. 3ch 46 SLA 2018.]
