(a) The Alaska arts and cultural investment fund is created in the general fund. The fund consists of money appropriated to the fund by the legislature, including donations, money from other sources, and interest earned on money in the fund. Appropriations to the fund do not lapse.
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Terms Used In Alaska Statutes 44.27.059

  • 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
(b) The council shall administer the fund in accordance with the provisions of this chapter. The council may spend money appropriated to the fund to carry out the purposes of this chapter and to pay the costs of administering the fund without further appropriation.
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