Alaska Statutes 43.50.140 – Disposition of proceeds
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Terms Used In Alaska Statutes 43.50.140
- 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 proceeds derived from the payment of taxes, fees, and penalties under Alaska Stat. § 43.50.010 – 43.50.180, and the license fees received by the department shall be paid into a state fund entitled “School Fund,” and shall be used exclusively to rehabilitate, construct, and repair the state’s school facilities, and for costs of insurance on buildings comprising school facilities during the rehabilitation, construction, and repair, and for the life of the buildings.