Alaska § 26.23.050 - Financing.
Full text of Alaska Alaska Statutes § 26.23.050 — Financing., with citation guidance and answers to common questions.
§ 26.23.050. Financing.
(a) It is the intent of the legislature, and declared to be the policy of the state, that funds to meet disaster emergencies will always be available.
(b) Whenever, and to the extent that, money is needed to cope with a disaster, the first recourse shall be to money regularly appropriated to state and local agencies. The second recourse shall be to money available in the disaster relief fund or, for oil or hazardous substances discharges, the oil and hazardous substance release prevention and response fund, as the governor determines appropriate. If money available from these sources is insufficient, and if the governor finds that other sources of money to cope with the disaster are not available or are insufficient, the governor may, notwithstanding the limitations imposed by AS 37.07.080 (e), (1) transfer and spend money appropriated for other purposes; or
(2) borrow money for a term not to exceed two years.
(c) Nothing in this section limits the governor's authority to apply for, receive, administer, and spend grants, gifts, or payments from any source, to aid in disaster prevention, preparedness, response, or recovery.
Frequently Asked Questions About Alaska § 26.23.050
What does Alaska Statutes § 26.23.050 cover?
Section 26.23.050 ("Financing.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 26.23.050?
A common citation format is "Alaska Statutes § 26.23.050" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 26.23.050 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.