Alaska Statutes 37.15.011 – Alaska debt retirement fund

(a) The Alaska debt retirement fund is established as a separate fund in the general fund. The fund consists of all money appropriated to it.

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Terms Used In Alaska Statutes 37.15.011

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 Alaska debt retirement fund shall be invested by the Department of Revenue so as to yield competitive market rates, as provided in Alaska Stat. § 37.10.071. Money in the fund may be appropriated

(1) for the purposes set out in Alaska Stat. § 37.15.012;

(2) to reimburse municipalities for obligations authorized under Alaska Stat. § 14.11.100;

(3) to finance the acquisition of state facilities through lease-purchase agreements; and

(4) if an unobligated balance remains, to finance the design and construction of capital projects.

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