(a) Money in the mental health trust settlement income account may only be used for the following purposes:

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Terms Used In Alaska Statutes 37.14.041

  • 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
  • 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.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • 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
(1) the awarding of grants and contracts in fulfillment of the authority’s purpose to ensure an integrated comprehensive mental health program for the state;
(2) obtaining private and federal grants for a purpose described in (1) of this subsection;
(3) soliciting gifts, bequests, and contributions for a purpose described in (1) of this subsection;
(4) reimbursement to

(A) the Alaska Permanent Fund Corporation for the costs of managing the principal of the mental health trust fund; and
(B) the Department of Natural Resources for the cost of managing mental health trust land;
(5) offsetting the effect of inflation on the value of the principal of the mental health trust fund; and
(6) subject to Alaska Stat. Chapter 37.07 (Executive Budget Act), meeting the necessary administrative expenses of the authority that are required for it to properly discharge its responsibilities.
(b) If money in the mental health trust settlement income account is not needed to meet the necessary expenses of the state’s integrated comprehensive mental health program, the authority shall transfer the money to the unrestricted general fund for expenditure through legislative appropriation for other public purposes.
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