reglab/housing_qa huggingface dataset:
AK Stat § 37.10.089 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 3. Investment and Deposit of State Funds.|Sec. 37.10.089. Loans to the education loan fund; bond purchase agreements and letters of credit.

(a) If the education loan fund (AS 14.42.210) is unable to fully finance loan demand in a fiscal year, the commissioner may invest in the education loan fund for the purpose of financing education loans under AS 14.43.161 - 14.43.175, 14.43.600 - 14.43.750, and AS 14.44.040. The commissioner shall require the corporation to secure the investment of state money. (b) The commissioner may make investments under (a) of this section only when the commissioner determines that market conditions relating to tax-exempt private activity revenue bonds make the issuance of the bonds by the corporation impracticable or uneconomical for the purpose of financing education loans under AS 14.43.161 - 14.43.175, 14.43.600 - 14.43.750, and AS 14.44.040. (c) The corporation shall repay money invested under (a) of this section under terms established by the commissioner and agreed to by the corporation. Except as provided in this section, the terms must be consistent with the duties of a fiduciary set out in AS 37.10.071(c). (d) Notwithstanding any other provision of this section, the commissioner is authorized to enter into an agreement with the corporation to provide a bond purchase agreement and a letter of credit when market conditions relating to those credit enhancement mechanisms are uneconomical. The commissioner may require the corporation to pay the costs associated with providing credit enhancement and may charge the corporation a fee for this service. (e) The commissioner may charge the corporation interest on the investments under (a) of this section. The rate of interest may not exceed the five-year average return on the state's general fund. (f) The commissioner may charge the corporation an annual fee for the services provided under (d) of this section. The annual fee may not exceed 0.15 percent of the average principal outstanding and interest covered by the bond purchase agreement and the letter of credit. (g) If a draw on the bond purchase agreement and the letter of credit occurs under this section, the commissioner may charge the corporation an additional annual rate of interest not to exceed three percent on the bonds held under the bond purchase agreement and letter of credit. (h) The term of the investment under (a) of this section may not exceed four years and the commitment under (d) of this section may not exceed four years from the commencement of the initial investment, bond purchase agreement, and letter of credit. (i) The maximum amount of the investment under (a) of this section may not exceed $100,000,000. The maximum amount of the commitment under (d) of this section may not exceed $106,000,000. (j) The commissioner may adopt regulations under AS 44.62 (Administrative Procedure Act) to implement this section. (k) In this section, (1) “commissioner” means the commissioner of revenue; (2) “corporation” means the Alaska Student Loan Corporation created under AS 14.42.100.
AK Stat § 37.10.090 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 4. Recovery of Money or Property Illegally Paid or Diverted.|Sec. 37.10.090. Action by attorney general.

Whenever money, funds, or property of a city, school district, municipal government, or the state are illegally paid or are diverted for an illegal purpose, or paid to a person not authorized by law to receive them, they may be recovered by an action instituted by the attorney general. When it appears to the attorney general that it is more advantageous to begin or conduct the action with additional counsel, the attorney general may choose and authorize additional counsel to bring the suit in the name of the proper party.
AK Stat § 37.10.100 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 4. Recovery of Money or Property Illegally Paid or Diverted.|Sec. 37.10.100. Costs of action and disposition of amount recovered.

(a) The necessary and reasonable costs of the suit and of the additional counsel shall be advanced by the state, and a sum recovered in the suit shall be deposited in the state treasury. (b) If the sum recovered as described in (a) of this section belongs to a city, school district, or municipal government, the sum shall be transferred to it, less sums advanced by the state in the suit and not already repaid to it. The Department of Administration may disburse to the city, school district, or municipal corporation the sums belonging to it. The disbursements must be based upon vouchers approved by the attorney general.
AK Stat § 37.10.200 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 5. Vocational Education Account.|Sec. 37.10.200. Vocational education account.

(a) The vocational education account is created in the general fund. (b) The account consists of (1) appropriations made by the legislature to the account; (2) gifts, bequests, and contributions; and (3) income and earnings of the account. (c) Money in the vocational education account may be appropriated by the legislature to the state and political subdivisions of the state, including regional educational attendance areas and municipal school districts, for vocational education programs and courses approved by the commissioner of labor and workforce development in consultation with the commissioner of education and early development for any other public purpose. (d) Nothing in this section dedicates funds for a specific purpose. (e) In this section, “vocational education” includes vocational training programs and courses taught at the secondary and postsecondary level of education.
AK Stat § 37.10.215 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.215. Attorney general.

The attorney general is the legal counsel for the board and shall advise the board and represent it in a legal proceeding.
AK Stat § 37.10.230 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.230. Conflicts of interest.

(a) Trustees are subject to the provisions of AS 39.50. (b) If a trustee acquires, owns, or controls an interest, direct or indirect, in an entity or project in which assets under the control of the board are invested, the trustee shall immediately disclose the interest to the board. The disclosure is a matter of public record and shall be included in the minutes of the board meeting next following the disclosure. The board shall adopt regulations to restrict trustees from having a substantial interest in an entity or project in which assets under the control of the board are invested.
AK Stat § 37.10.240 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.240. Regulations and open meetings.

(a) The board may adopt regulations to implement AS 37.10.210 - 37.10.390. Regulations adopted by the board are not subject to the Administrative Procedure Act (AS 44.62). The board shall adopt regulations required by AS 36.30.015(f) relating to procurement. The board shall comply with the requirements of AS 44.62.310 - 44.62.319 (Open Meetings Act). (b) Notwithstanding (a) of this section, a regulation adopted under AS 37.10.210 - 37.10.390 shall be published in the Alaska Administrative Register and Alaska Administrative Code for informational purposes. A regulation adopted under this section shall conform to the style and format requirements of the drafting manual for administrative regulations that is published under AS 44.62.050. (c) At least 30 days before the adoption, amendment, or repeal of a regulation under this chapter, the board shall provide notice of the action that is being considered. The notice must include publication in one or more newspapers of general circulation in each judicial district of the state. (d) A regulation adopted under this chapter takes effect 30 days after adoption by the board unless a later effective date is stated in the regulation. (e) Notwithstanding the other provisions of this section, a regulation may be adopted, amended, or repealed, effective immediately, as an emergency regulation. For an emergency regulation to be effective the board must find that the immediate adoption, amendment, or repeal of the regulation is necessary. The board shall, within 10 days after adoption of an emergency regulation, give notice of the adoption under (c) of this section. An emergency regulation adopted under this subsection may not remain in effect past the date of the next regular meeting of the board unless the board complies with the procedures set out in this section and adopts the regulation as a permanent regulation. (f) In this section, “regulation” has the meaning given in AS 44.62.640(a).
AK Stat § 37.10.250 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.250. Compensation of trustees.

Trustees, other than trustees who are employees of the state, a political subdivision of the state, or a school district or regional educational attendance area in the state, receive an honorarium of $400 for each day spent at a meeting of the board or at a meeting of a subcommittee of the board or at a public meeting as a representative of the board, including a day in which a trustee travels to or from a meeting. Trustees who are state employees are entitled to administrative leave for service as a trustee. Trustees who are employees of a political subdivision of the state or a school district or regional educational attendance area in the state are entitled to leave benefits provided by their employers comparable to those provided to state employees for service as a trustee. Trustees are entitled to per diem and travel expenses authorized for boards and commissions under AS 39.20.180.
AK Stat § 37.10.260 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.260. Staff.

(a) The Department of Revenue shall provide staff for the board. (b) The board may designate a trustee or an officer or employee of the Department of Revenue to be responsible for signing on behalf of the board a deed, contract, or other document that must be executed by or on behalf of the board.
AK Stat § 37.10.270 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.270. Investment advisory council.

(a) The board may appoint an investment advisory council composed of at least three and not more than five members. Members of the council shall possess experience and expertise in financial investments and management of investment portfolios for public, corporate, or union pension benefit funds, foundations, or endowments. (b) Members of the council serve at the pleasure of the board for staggered terms of three years. (c) The board shall establish the compensation of members of the council. Members of the council are entitled to per diem and travel expenses authorized for boards and commissions under AS 39.20.180. (d) The council shall (1) review the investments made by the board; (2) make recommendations to the board concerning the board's investment policies, investment strategy, and investment procedures; (3) advise the board on selection of performance consultants and on the form and content of annual reports; (4) provide other advice as requested by the board. (e) With approval of the board, the council may contract with other state agencies to provide investment advice.
AK Stat § 37.10.280 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.280. Insurance.

The board shall ensure that trusteed assets and its own services are protected. The board may purchase insurance or provide for self-insurance retention in amounts recommended by the commissioner of revenue and approved by the board to cover the acts, including fiduciary acts, errors, and omissions of its board members and agents. Insurance must protect the board and the state from liability to others and from loss of trusteed assets due to the acts or omissions of the trustees.
AK Stat § 37.10.290 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.290. Exemption from taxation.

Except as provided in AS 29.45.030(a) for property acquired through foreclosure or deed in lieu of foreclosure, the board and all properties at any time owned by it, managed by it, or held by it in trust, and the income from those activities, are exempt from all taxes and assessments in the state. All security instruments issued by the board and income from them are exempt from all taxes and assessments in the state, including transfer taxes.
AK Stat § 37.10.300 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.300. Limitations.

The board may not engage in commercial banking activity or private trust activity. The board may not act as a depository or trustee for a private person, association, or corporation. The board may not act as a lender to a private person, association, or corporation of money from any source except state funds under management by the board.
AK Stat § 37.10.310 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.310. Pension forfeiture by public officers convicted of crimes involving corruption.

(a) A public officer, as defined in AS 39.52.960, a legislator, or a person employed as a legislative director, as that term is defined in AS 24.60.990, who is convicted of a federal or state felony offense of bribery, receiving a bribe, perjury, subornation of perjury, scheme to defraud, fraud, mail fraud, misuse of funds, corruption, or tax evasion may not receive a state pension benefit if the offense was committed on or after July 10, 2007 and was in connection with the person's official duties. (b) Pension benefits and employee contributions that accrue to a person before the date of the person's commission of the offense described in (a) of this section are not diminished or impaired by that subsection. (c) A state pension benefit under (a) of this section does not include (1) insurance, voluntary wage reductions, involuntary wage reductions, or supplemental or health benefits under AS 39.30.090 - 39.30.495 or former AS 39.37.145; (2) member or employee contributions under AS 14.25.050, 14.25.055, 14.25.075, 14.25.340, 14.25.360(a), AS 22.25.011, AS 39.35.160, 39.35.165(f), 39.35.180, 39.35.730, 39.35.760(a), or former AS 39.37.070. (d) In a pension forfeiture matter under this section, the board may award to a spouse, dependent, or former spouse of the person governed by the limitations in (a) of this section some or all of the amount that, but for the forfeiture under (a) of this section, may otherwise be payable. In determining whether to make an award under this subsection, the board shall consider the totality of circumstances, including (1) the role, if any, of the person's spouse, dependent, or former spouse in connection with the illegal conduct for which the person was convicted; and (2) the degree of knowledge, if any, possessed by the person's spouse, dependent, or former spouse in connection with the illegal conduct for which the person was convicted.
AK Stat § 37.10.390 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 6. Alaska Retirement Management Board.|Sec. 37.10.390. Definitions.

In AS 37.10.210 - 37.10.390, unless the context otherwise requires, (1) “board” means the board of trustees of the Alaska Retirement Management Board; (2) “fund” means the fund or funds composed of the assets of each of the retirement systems administered and managed by the board; (3) “recognized competence” means a minimum of 10 years' professional experience working or teaching in the field of investment management, finance, banking, economics, accounting, pension administration, or actuarial analysis; (4) “retirement systems” or “systems” means the teachers' retirement system, the judicial retirement system, the Alaska National Guard and Alaska Naval Militia retirement system, the public employees' retirement system, the State of Alaska Teachers' and Public Employees' Retiree Health Reimbursement Arrangement Plan, and the elected public officers' retirement system under former AS 39.37.
AK Stat § 37.10.410 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 7. Constitutional Budget Reserve Fund.|Sec. 37.10.410. “Administrative proceedings involving taxes” defined.

(a) The following money received by the state is considered to be received as a result of the termination of an administrative proceeding for purposes of applying art. IX, sec. 17(a), Constitution of the State of Alaska: (1) past due taxes that are received by the state for each tax year for which a request for an informal conference under AS 43.05.240 is made to the Department of Revenue, together with penalties and interest on the taxes; (2) past due taxes that are received by the state after a request for a formal hearing under AS 43.05.241 is made to the Department of Revenue, together with penalties and interest on the taxes. (b) Money received by the state under the following conditions is not considered to be received as the result of the termination of an administrative proceeding for purposes of applying art. IX, sec. 17(a), Constitution of the State of Alaska: (1) taxes that are not due at the time the request for the proceeding was made under AS 43.05.240, 43.05.241, or 43.05.242; (2) taxes set out in a return not audited by the Department of Revenue at the date of collection; or (3) taxes collected for a tax year for which the taxpayer did not give notice of appeal of an assessment made by the Department of Revenue.
AK Stat § 37.10.420 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 7. Constitutional Budget Reserve Fund.|Sec. 37.10.420. “Money available for appropriation” defined.

(a) For purposes of applying art. IX, sec. 17(b), Constitution of the State of Alaska, (1) “the amount available for appropriation” or “funds available for appropriation” means (A) the unrestricted revenue accruing to the general fund during the fiscal year; (B) general fund program receipts as defined in AS 37.05.146; (C) the unreserved, undesignated general fund balance carried forward from the preceding fiscal year that is not subject to the repayment obligation imposed by art. IX, sec. 17(d), Constitution of the State of Alaska; and (D) the balance in the statutory budget reserve fund established in AS 37.05.540; (2) “the amount appropriated for the previous fiscal year” means the amount appropriated from the (A) constitutional budget reserve fund under the authority granted in art. IX, sec. 17, Constitution of the State of Alaska; and (B) same revenue sources used to calculate the money available for appropriation for the current fiscal year; and (3) “the amount of appropriations made in the previous calendar year for the previous fiscal year” means appropriations made from sources identified in (2) of this subsection for a fiscal year that were enacted during the calendar year that ends on December 31 of that same fiscal year. (b) If the amount appropriated from the budget reserve fund has not been repaid under art. IX, sec. 17(d), Constitution of the State of Alaska, the Department of Administration shall transfer to the budget reserve fund the amount of money comprising the unreserved, undesignated general fund balance to be carried forward as of June 30 of the fiscal year, or as much of it as is necessary to complete the repayment. The transfer shall be made on or before December 16 of the following fiscal year. (c) In this section, “unrestricted revenue accruing to the general fund” or “unreserved, undesignated general fund balance carried forward” is money not restricted by law to a specific use that accrues to the general fund according to accepted principles of governmental or fund accounting adopted for the state accounting system established under AS 37.05.150 in effect on July 1, 1990. (d) An appropriation under art. IX, sec. 17(b), Constitution of the State of Alaska, requires an affirmative vote of the majority of the members of each house of the legislature. An appropriation under art. IX, sec. 17(c) requires an affirmative vote of three-fourths of the members of each house of the legislature.
AK Stat § 37.10.430 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 10. Public Funds|Article 7. Constitutional Budget Reserve Fund.|Sec. 37.10.430. Management of the budget reserve fund.

(a) The Department of Revenue may transfer management responsibility over all or a portion of the budget reserve fund (art. IX, sec. 17, Constitution of the State of Alaska) to the Alaska Permanent Fund Corporation. (b) By March 15 of each year, the Department of Revenue shall, after consulting with the Alaska Permanent Fund Corporation, prepare a report setting out the balance in the budget reserve fund (art. IX, sec. 17, Constitution of the State of Alaska) on January 1 and on December 31 of the previous calendar year. The report shall state the nominal, real, and realized return on the budget reserve fund compared to the nominal, real, and realized return on the permanent fund and the general fund during the previous calendar year. (c) A special subaccount is established in the budget reserve fund (art. IX, sec. 17, Constitution of the State of Alaska). Money in the subaccount shall be invested to yield higher returns than might be feasible to obtain with other money in the budget reserve fund. In establishing or modifying the investment policy for the subaccount in the constitutional budget reserve fund, the commissioner of revenue shall assume that those funds will not be needed for at least five years. Income earned on money in the subaccount shall be retained in the subaccount by the department.
AK Stat § 37.13.010 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 13. Alaska Permanent Fund and Corporation|Article 1. Alaska Permanent Fund.|Sec. 37.13.010. Alaska permanent fund.

(a) Under art. IX, sec. 15, of the state constitution, there is established as a separate fund the Alaska permanent fund. The Alaska permanent fund consists of (1) 25 percent of all mineral lease rentals, royalties, royalty sale proceeds, net profit shares under AS 38.05.180(f) and (g), and federal mineral revenue sharing payments received by the state from mineral leases issued on or before December 1, 1979, and 25 percent of all bonuses received by the state from mineral leases issued on or before February 15, 1980; (2) 50 percent of all mineral lease rentals, royalties, royalty sale proceeds, net profit shares under AS 38.05.180(f) and (g), and federal mineral revenue sharing payments received by the state from mineral leases issued after December 1, 1979, and 50 percent of all bonuses received by the state from mineral leases issued after February 15, 1980; and (3) any other money appropriated to or otherwise allocated by law or former law to the Alaska permanent fund. (b) Payments due the Alaska permanent fund under (a) of this section shall be made to the fund within three banking days after the day the amount due to the fund reaches at least $3,000,000 and at least once each month. (c) The Alaska permanent fund shall be managed by the Alaska Permanent Fund Corporation established in this chapter.