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Alaska Statutes (Last Updated: January 11, 2017) |
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Title 37. PUBLIC FINANCE. |
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Chapter 37.14. SPECIAL FUNDS. |
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Article 37.14.02. PUBLIC SCHOOL TRUST FUND. |
Section 37.14.160. Duties of the commissioner of revenue.
Latest version.
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The commissioner of revenue is the treasurer of the trust fund created in AS 37.14.110 and shall
(1) in carrying out investment duties under this section, exercise the same powers and duties established for the Alaska Retirement Management Board in AS 37.10.220;
(2) deposit the principal and income from investments in separate principal and income accounts for the fund;
(3) invest and maintain accounting records that distinguish between the principal and income of the fund;
(4) provide reports to the board established under AS 37.14.120 on the condition and investment performance of the fund.