Alaska § 37.10.070 - Investment of residual money.
Full text of Alaska Alaska Statutes § 37.10.070 — Investment of residual money., with citation guidance and answers to common questions.
§ 37.10.070. Investment of residual money.
(a) The commissioner shall invest, as set out in AS 37.10.071 , the money in the state treasury above an amount sufficient to meet immediate expenditure needs. In managing the invested assets, the commissioner shall (1) consider the status of the assets and liabilities on both a current and a probable future basis;
(2) determine the appropriate investment objectives;
(3) establish investment policies to achieve the objectives; and
(4) act only in regard to the best financial interests of the state.
(b) The commissioner may invest on the basis of probable total rate of return without regard to the distinction between principal and income and without regard to the generation of income.
(c) In this section, “commissioner” means the commissioner of revenue.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 37.10.070
What does Alaska Statutes § 37.10.070 cover?
Section 37.10.070 ("Investment of residual money.") 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 § 37.10.070?
A common citation format is "Alaska Statutes § 37.10.070" (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 § 37.10.070 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.