(a) On and after the date that the commissioner has certified the sums allocated to each local government, the sums shall be available for expenditure under the provisions of this chapter.
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Terms Used In Alaska Statutes 19.30.221

  • 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.
(b) These allocated sums shall be available for expenditure for a period of five years after the close of the fiscal year for which the sums are authorized and any amounts so obligated remaining unexpended at the end of that period shall lapse and shall be available for other local service road or trail construction within that allocation district in accordance with Alaska Stat. § 19.30.111 – 19.30.241.
(c) This section applies to sums transferred under Alaska Stat. § 19.30.151(b).
(d) The payment of royalties required to obtain materials to construct local service road and trail projects is a valid expenditure under this chapter.
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