Sec. 45.56.640. Securities investor education and training fund.
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Sec. 45.56.640. Securities investor education and training fund.
The securities investor education and training fund is created as a special fund in the general fund to provide funds for the purposes specified in AS 45.56.600 (d). The legislature may appropriate 33 percent of the money received by this state from civil penalties under this chapter into the fund for securities investor education and training. Nothing in this section exempts money deposited into the fund from the requirements of AS 37.07 (Executive Budget Act) or dedicates money for a specific purpose.