Section 37.14.039. Trust settlement income account administration.

Latest version.

   (a) The mental health trust settlement income account shall be administered by the Alaska Mental Health Trust Authority.
   (b) If the authority determines that there is a surplus of money in the account above the amount sufficient to meet current and projected cash expenditure needs of the authority, the surplus shall be invested by the authority as provided in AS 37.10.071 for the making of investments by the fiduciary of a state fund. Income earned on investments made under this subsection may be retained by the authority and expended under AS 37.14.041.

Notes

History

(Sec. 16 ch 5 FSSLA 1994)

                    
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