(a) There is created as a special account in the general fund the Alaska veterans’ cemetery fund into which shall be deposited appropriations to the Alaska veterans’ cemetery fund.
Terms Used In Alaska Statutes 37.05.600
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
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) Beginning with the appropriations for the fiscal year beginning July 1, 2008, on an annual basis and under Alaska Stat. Chapter 37.07 (Executive Budget Act), the legislature may appropriate amounts from the Alaska veterans’ cemetery fund to the Department of Military and Veterans’ Affairs for the construction, operation, and maintenance of the Alaska veterans’ cemeteries established under Alaska Stat. § 44.35.035.(c) Appropriations to the Alaska veterans’ cemetery fund are not one-year appropriations and do not lapse under Alaska Stat. § 37.25.010.(d) The unexpended and unobligated balance of an appropriation from the Alaska veterans’ cemetery fund lapses into the Alaska veterans’ cemetery fund at the end of the fiscal year for which it was appropriated.(e) Nothing in this section exempts money deposited into the Alaska veterans’ cemetery fund from the requirements of Alaska Stat. Chapter 37.07 (Executive Budget Act) or dedicates that money for a specific purpose.
