Section 43.50.140. Disposition of proceeds.

Latest version.

The proceeds derived from the payment of taxes, fees, and penalties under AS 43.50.010 - 43.50.180, and the license fees received by the department shall be paid into a state fund entitled "School Fund," and shall be used exclusively to rehabilitate, construct, and repair the state's school facilities, and for costs of insurance on buildings comprising school facilities during the rehabilitation, construction, and repair, and for the life of the buildings.

Authorities

14.11.100;37.05.146

Notes

References

4 AAC 31.900
AS 14.11.100 State aid for costs of school construction debt.
AS 37.05.146 Definition of program receipts and non-general fund program receipts.

History

(Sec. 16 ch 187 SLA 1955)

                    
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