Alaska Statutes 47.55.060 – Trust fund
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 47.55.060
- department: means the Department of Family and Community Services. See Alaska Statutes 47.55.900
- Donor: The person who makes a gift.
- home: means
(A) the Alaska Pioneers' Home. See Alaska Statutes 47.55.900
Unless otherwise provided by the donor, money bequeathed to the Alaska Pioneers’ Home or the Alaska Veterans’ Home constitutes a special trust fund. Unless otherwise provided by the donor, interest from the special trust fund is under the control and at the disposal of the department, and expenditure from it is limited to the benefit and comfort of the residents of the homes.