(a) There is established as a separate endowment trust fund the public school trust fund.

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(b) The principal of the fund established in (a) of this section consists of

(1) the balance of the public school permanent fund on July 1, 1978; and
(2) sums transferred under Alaska Stat. § 37.14.150.
(c)[Repealed Sec. 9 ch 80 SLA 2018.]