Sec. 37.05.500. Special funds.
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/ak/title-37/chapter-5/37-05-500A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 37.05.500. Special funds.
(a)The following funds shall be treated for accounting purposes as accounts in the general fund:
(1)special revolving fund — surplus property ( AS 44.68.130 (c));
(2)the vocational rehabilitation small business enterprise revolving fund ( AS 23.15.130 ).
(b)There shall be created in the general fund for each of the funds designated in
(a)of this section a reserve equal to the excess of revenue received by each fund over expenditures made from that fund.