(a) There is established in the general fund the Alaska capital income fund consisting of money deposited to the fund under Alaska Stat. § 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 Alaska Stat. § 37.10.071. Income earned on money in the fund may be appropriated to the fund.
Terms Used In Alaska Statutes 37.05.565
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) Money may be appropriated from the Alaska capital income fund for state facilities preventive or deferred maintenance, including replacement of parts, systems, or components, or other activities needed to preserve or maintain state assets, and to cover annual debt service and reserves for debt service on bonds authorized by state law. Nothing in this subsection creates a dedicated fund.
