Alaska § 46.08.025 - Financing of the oil and hazardous substance release response account; release mitigation account.
Full text of Alaska Alaska Statutes § 46.08.025 — Financing of the oil and hazardous substance release response account; release mitigation account., with citation guidance and answers to common questions.
§ 46.08.025. Financing of the oil and hazardous substance release response account; release mitigation account.
(a) The legislature may appropriate from the following sources to the oil and hazardous substance release response account in the fund: (1) the annual estimated balance of the account maintained under AS 37.05.142 for deposit into the general fund of the proceeds of the oil conservation surcharge levied by AS 43.55.201 ;
(2) money received from other state sources, from federal or other sources, or from a private donor; and
(3) money recovered or otherwise received from parties responsible for the containment and cleanup of oil or a hazardous substance at a specific site for which the state expended money from the former oil and hazardous substance release response fund before October 2, 1994, or for which the state expended money from the response account, but excluding (A) money from performance bonds and other forms of financial responsibility held in escrow pending satisfactory performance of a privately financed response action;
(B) fines, penalties, and damages described in AS 46.08.020 (a)(4).
(b) Money received by the state under (a)(2) and (3) of this section shall be deposited in the general fund and credited to a special account called the “oil and hazardous substance release response mitigation account.” The legislature may annually appropriate to the response account in the fund from the response mitigation account a sum equal to the amount received under (a)(2) and (3) of this section during the calendar year preceding the legislative session in which the appropriations are to be made.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 46.08.025
What does Alaska Statutes § 46.08.025 cover?
Section 46.08.025 ("Financing of the oil and hazardous substance release response account; release mitigation account.") 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 § 46.08.025?
A common citation format is "Alaska Statutes § 46.08.025" (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 § 46.08.025 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.