Sec. 43.23.045. Dividend fund.
127 words·~1 min read·
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Sec. 43.23.045. Dividend fund.
(a)The dividend fund is established as a separate fund in the state treasury. The dividend fund shall be administered by the commissioner and shall be invested by the commissioner in the same manner as provided in AS 37.10.070 .
(b)[Repealed, § 29 ch 134 SLA 1992.]
(c)[Repealed, § 24 ch 99 SLA 1985.]
(d)Unless specified otherwise in an appropriation act, the unexpended and unobligated balance of an appropriation to implement this chapter lapses into the dividend fund on June 30 of the fiscal year for which the appropriation was made and shall be used in determining the amount of and paying the subsequent year's dividend as provided in AS 43.23.025 (a)(1)(B).
(e)[Repealed, § 29 ch 134 SLA 1992.]