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Code · Alaska · Title 40 · Chapter 21

Sec. 40.21.040. Gifts, bequests, or endowments of money.

59 words·~1 min read·/ak/title-40/chapter-21/40-21-040

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Sec. 40.21.040. Gifts, bequests, or endowments of money.
Gifts, bequests, or endowments of money shall be deposited in a separate account in the general fund and may be invested in a manner not inconsistent with the investment of other state funds. Proceeds of invested funds shall be used to carry out the purposes for which the money was given.
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