Alaska § 37.14.031 - Trust fund established.
Full text of Alaska Alaska Statutes § 37.14.031 — Trust fund established., with citation guidance and answers to common questions.
§ 37.14.031. Trust fund established.
(a) The mental health trust fund is established as a separate fund of the Alaska Mental Health Trust Authority.
(b) The fund consists of the cash assets of the principal of the trust, and includes (1) money appropriated to the fund;
(2) the proceeds of sale or other disposals of mental health trust land, and the fees, charges, income earned, royalty proceeds, and other money received from the management of mental health trust land attributable to principal; and
(3) gifts, bequests, and contributions from other sources.
(c) The net income of the fund shall be determined by the Alaska Permanent Fund Corporation in the same manner the corporation determines the net income of the Alaska permanent fund under AS 37.13.140 .
(d) The authority shall adopt regulations providing for the determination of amounts attributable to principal under (b)(2) of this section. The regulations must provide for the allocation between principal and income of money received from the management of mental health trust land, and the manner of allocation must be in the long-term best interest of the trust and its beneficiaries.
Frequently Asked Questions About Alaska § 37.14.031
What does Alaska Statutes § 37.14.031 cover?
Section 37.14.031 ("Trust fund established.") 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 § 37.14.031?
A common citation format is "Alaska Statutes § 37.14.031" (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 § 37.14.031 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.