Section 47.55.060. Trust fund.

Latest version.

Unless otherwise provided by the donor, money bequeathed to the Alaska Pioneers' Home or the Alaska Veterans' Home constitutes a special trust fund. Unless otherwise provided by the donor, interest from the special trust fund is under the control and at the disposal of the department, and expenditure from it is limited to the benefit and comfort of the residents of the homes.

Authorities

47.25.060

Notes

References

AS 47.25.060

History

(Sec. 51-2-17 ACLA 1949; am E.O. No. 30 (1968); am Sec. 8 ch 42 SLA 1997; am E.O. No. 108 Sec. 81 (2003); am Sec. 21 ch 59 SLA 2004)

                    
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