Alaska § 44.88.205 - Compliance with executive budget act; authority finances.
Full text of Alaska Alaska Statutes § 44.88.205 — Compliance with executive budget act; authority finances., with citation guidance and answers to common questions.
§ 44.88.205. Compliance with executive budget act; authority finances.
(a) The operating budget of the authority is subject to AS 37.07 (Executive Budget Act).
(b) To further ensure effective budgetary decision making by the legislature, the authority shall (1) annually review the authority's assets to determine whether assets of the authority exceed an amount required to fulfill the purposes of the authority as defined in this chapter; in making its review, the authority shall determine whether, and to what extent, assets in excess of the amount required to fulfill the purposes of the authority during at least the next fiscal year are available without (A) breaching any agreement entered into by the authority;
(B) materially impairing the operations or financial integrity of the authority; or
(C) materially affecting the ability of the authority to fulfill the authority's purposes set out in AS 44.88.070 ; and
(2) make available to the legislature by January 10 of each year a complete accounting of all assets of the authority and a report of the review and determination made under (1) of this subsection; the accounting shall be audited by the auditor who conducts the audit required by AS 44.88.200 and must include a full description of all loan interest and principal payments and program receipts, including (A) loan commitment fees received by or accrued to the authority during the preceding fiscal year; and
(B) all income earned on assets of the authority during that period.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 44.88.205
What does Alaska Statutes § 44.88.205 cover?
Section 44.88.205 ("Compliance with executive budget act; authority finances.") 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 § 44.88.205?
A common citation format is "Alaska Statutes § 44.88.205" (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 § 44.88.205 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.