Alaska § 37.14.510 - Net income account.
Full text of Alaska Alaska Statutes § 37.14.510 — Net income account., with citation guidance and answers to common questions.
§ 37.14.510. Net income account.
(a) The net income account is established in the Alaska heritage endowment fund. The net income account of the fund consists of (1) money and other assets given by persons to the fund whose placement in the principal of the fund is not required by AS 37.14.500 (2); and
(2) amounts earned on the investment of gifts, bequests, and contributions of cash or other assets whose placement in the principal of the fund is required under AS 37.14.500 (2).
(b) The legislature may appropriate from the net income account to the principal of the fund under AS 37.14.500 (1).
(c) The net income of the fund shall be determined by the commissioner of revenue in accordance with investment accounting principles and in a manner that preserves the distinction between principal and income.
(d) Unless otherwise provided by the act making an appropriation under (b) of this section, an amount appropriated to the net income account under (b) of this section does not lapse.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 37.14.510
What does Alaska Statutes § 37.14.510 cover?
Section 37.14.510 ("Net income account.") 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 § 37.14.510?
A common citation format is "Alaska Statutes § 37.14.510" (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 § 37.14.510 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.