Alaska Statutes 37.13.150 – Corporation budget
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Terms Used In Alaska Statutes 37.13.150
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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.
- 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
The revenue generated by the fund’s investments must be identified as the source of the operating budget of the corporation in the state‘s operating budget under Alaska Stat. Chapter 37.07 (Executive Budget Act). The unexpended balance of the corporation’s annual operating budget does not lapse at the end of the fiscal year but shall be treated as income and part of the market value of the fund under Alaska Stat. § 37.13.140.