Section 38.04.022. State land disposal income fund.

   (a) The revenue from the state land disposal program shall be deposited in the state land disposal income fund in the state treasury. On June 30 of each fiscal year, the portion of that fund that exceeds $5,000,000 shall be deposited in the state general fund. The legislature may appropriate money from the state land disposal income fund for expenditure by the Department of Natural Resources for necessary costs incurred by the commissioner in the implementation of state land disposal programs authorized under this title or for any other public purpose.
   (b) Within five days after the legislature convenes in regular session, the Department of Natural Resources shall notify the legislature that a report reflecting all money deposited in the fund established under (a) of this section during the prior fiscal year is available.

Authorities

37.05.146;38.95.260

Notes

References

AS 37.05.146 Definition of program receipts and non-general fund program receipts.
AS 38.95.260 Disposition of sale proceeds seven years after the judgment of escheat.

History

(Sec. 9 ch 152 SLA 1984; am Sec. 66 ch 21 SLA 1995; am Sec. 5 ch 91 SLA 1997; am Sec. 2 ch 63 SLA 2000; am Sec. 14 ch 34 SLA 2007)