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Current as of January 01, 2025 | Updated by Findlaw Staff
The commissioner of revenue is the fiduciary of the trust fund and shall invest the fund to provide increasing returns from capital appreciation and net income over long-term periods to the fund's current beneficiaries. The commissioner may invest the money in the fund on the basis of probable total rate of return to promote the long-term generation of capital appreciation and income. In managing the trust fund, the commissioner shall
(1) consider the status of the fund's capital and the income generated on both a current and a probable future basis;
(2) determine the appropriate investment objectives;
(3) establish investment policies to achieve the objectives; and
(4) act only in regard to the financial interests of the fund's beneficiaries.
Cite this article: FindLaw.com - Alaska Statutes Title 37. Public Finance § 37.14.170. Investments - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-37-public-finance/ak-st-sect-37-14-170/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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