Sec. 37.14.450. Definitions.
124 words·~1 min read·
/ak/title-37/chapter-14/37-14-450A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 37.14.450. Definitions.
In AS 37.14.400 — 37.14.450,
(1)“federal trustee” means a person appointed by the President of the United States to serve as a co-trustee of the trust;
(2)“state trustee” means a state officer designated by the governor to serve as a co-trustee of the trust;
(3)“trust” means the trust established for natural resource damage recoveries under the Memorandum of Agreement and Consent Decree entered into by the United States and the state in settlement of claims to money received by the state and federal governments for injury, loss, or destruction to the natural resources affected by the March 24, 1989, Exxon Valdez oil spill, and approved by the court on August 28, 1991.
Article 6. Alaska Heritage Endowment Fund.