Alaska § 14.40.803 - Alaska advance college tuition savings fund.
Full text of Alaska Alaska Statutes § 14.40.803 — Alaska advance college tuition savings fund., with citation guidance and answers to common questions.
§ 14.40.803. Alaska advance college tuition savings fund.
(a) The Alaska advance college tuition savings fund is established as a nonlapsing fund of the University of Alaska. The purpose of the fund is to secure obligations to participants under a postsecondary education savings program operated by the University of Alaska and to enhance the ability of the university to provide (1) higher education for the people of the state; (2) wide and affordable access to higher education for residents and their children; (3) an incentive for residents to achieve higher academic standards in grades 7 — 12; and (4) an incentive for residents to continue and complete secondary and postsecondary education. The fund may be divided into separate accounts for accounting purposes.
(b) The fund consists of (1) permanent fund dividend and cash contributions made under AS 14.40.807 under the terms of an advance college tuition savings contract;
(2) appropriations, gifts, bequests, and contributions; and
(3) income and earnings of the fund.
(c) Assets of the fund shall be expended to make payments to the university and other eligible educational institutions, including payments for refunds, redemptions, and awards under a savings contract or scholarships, costs of administration, and other obligations of the fund.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 14.40.803
What does Alaska Statutes § 14.40.803 cover?
Section 14.40.803 ("Alaska advance college tuition savings fund.") 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 § 14.40.803?
A common citation format is "Alaska Statutes § 14.40.803" (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 § 14.40.803 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.