Alaska Statutes 37.14.700 – Alaska veterans’ memorial endowment fund established

(a) The Alaska veterans’ memorial endowment fund is established as a separate endowment trust fund of the state. The fund consists of

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Terms Used In Alaska Statutes 37.14.700

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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) appropriations to the fund;

(2) donations to the fund; and

(3) income earned on investments of fund assets.

(b) The commissioner of revenue shall manage the fund as an endowment, with the goal that the purchasing power of the fund will not diminish over time without regard to additional contributions that may be made to the fund. The commissioner shall invest the assets of the fund in a manner likely to yield at least a five percent real rate of return over time.

(c) Nothing in this section creates a dedicated fund.

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