Alaska Statutes 37.14.205 – Alaska children’s trust grant account

(a) The Alaska children’s trust grant account is established as an account in the general fund. The legislature may appropriate funds to the grant account from

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Terms Used In Alaska Statutes 37.14.205

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
Donor: The person who makes a gift.
Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}

(1) the trust account in the amount described in Alaska Stat. § 37.14.200(e);

(2) program receipts from special request Alaska children’s trust plates under Alaska Stat. § 28.10.421(d)(14);

(3) program receipts from birth certificates under Alaska Stat. § 18.50.225;

(4) program receipts from certificates of marriage under Alaska Stat. § 18.50.272;

(5) private restricted-use donations; and

(6) any other source.

(b) The board may use money in the grant account for the following purposes and without further appropriation:

(1) to make grants under Alaska Stat. § 37.14.230;

(2) to obtain private and federal grants for the trust and the grant account;

(3) to solicit contributions, gifts, and bequests for the trust and the grant account;

(4) to expend private restricted-use donations in conformity with the donor‘s restrictions.

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