Alaska Statutes.
Title 14. Education, Libraries, and Museums
Chapter 17. Financing of Public Schools
Section 900. Construction and Implementation of Chapter.
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AS 14.17.900. Construction and Implementation of Chapter.

   (a) This chapter does not create a debt of the state. Each district shall establish, maintain, and operate under a balanced budget. The state is not responsible for the debts of a school district.
   (b) Money to carry out the provisions of this chapter may be appropriated annually by the legislature into the public education fund. If the amount appropriated to the fund for the purpose of this chapter is insufficient to meet the allocations authorized under AS 14.17.400 - 14.17.470 for a fiscal year, state aid shall be reduced according to AS 14.17.400(b).

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