(a) The memorial education revolving loan fund created under Alaska Stat. § 14.43.255 shall be funded by voluntary contributions by state employees who may contribute the value of one or more days of annual leave a year to the memorial education revolving loan fund to be credited to any one or more of the education loan accounts listed in Alaska Stat. § 14.43.250(b) at the discretion of the donor.
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Terms Used In Alaska Statutes 14.43.325

  • department: means the Department of Education and Early Development. See Alaska Statutes 14.60.010
  • Donor: The person who makes a gift.
  • 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
(b) The Department of Administration shall pay to the account of the memorial education revolving loan fund established under Alaska Stat. § 14.43.255 an amount equal to the value of the total number of days of annual leave contributed by state employees under (a) of this section.
(c) The administering authority may accept contributions from private sources for the memorial education revolving loan fund created under Alaska Stat. § 14.43.255. These contributions shall be deposited in the memorial education revolving loan fund created under Alaska Stat. § 14.43.255 to be credited to any one or more of the education loan accounts listed in Alaska Stat. § 14.43.250(b) at the discretion of the donor. For the purpose of this subsection, “private sources” means private individuals, corporations, foundations, or other philanthropic or charitable organizations.
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