Alaska Statutes: AS 37.14.200. Alaska Children's Trust Established.

Alaska Statutes. Title 37. Public Finance Chapter 14. Trust Funds Section 200. Alaska Children's Trust Established.

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AS 37.14.200. Alaska Children's Trust Established.

(a) The Alaska children's trust is established as a separate endowment trust of the state.
(b) The principal of the trust consists of

(1) legislative appropriations to the trust; and

(2) gifts, bequests, and contributions of cash or other assets from a person.
(c) The net income of the trust shall be determined by the commissioner of revenue in accordance with investment accounting principles and in a manner that preserves the distinction between principal and income.

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