Alaska § 37.14.530 - Use of fund.
Full text of Alaska Alaska Statutes § 37.14.530 — Use of fund., with citation guidance and answers to common questions.
§ 37.14.530. Use of fund.
(a) The principal of the fund and any capital gains or losses realized on the principal shall be retained perpetually in the fund for investment as specified in AS 37.14.520 .
(b) The net income account of the fund may be appropriated for the following purposes: (1) reimbursement to the Department of Revenue for the costs of establishing and managing the fund;
(2) the administrative expenses of the Museum Collection Advisory Committee relating to acquisitions from the fund, as determined by the legislature;
(3) acquisitions authorized by AS 14.57.100 — 14.57.199; and
(4) reimbursement of other costs of administration of the fund.
(c) The balance remaining in the net income account that, at the end of the fiscal year, has not been appropriated, or that has been appropriated but not expended, shall be invested until appropriated or expended.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 37.14.530
What does Alaska Statutes § 37.14.530 cover?
Section 37.14.530 ("Use of 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 § 37.14.530?
A common citation format is "Alaska Statutes § 37.14.530" (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 § 37.14.530 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.