(a) The payments to the corporation shall be made from funds appropriated from the general fund to the department for that purpose.
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Terms Used In Alaska Statutes 03.13.040

  • 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.
(b) If for any year the amount appropriated is insufficient to fully fund the contribution required by Alaska Stat. § 03.13.020, the department shall allocate funds on a first come basis.
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