Alaska Statutes
Chapter 65. Alaska Savings Program for Eligible Individuals
Sec. 06.65.260. No state obligation.

(a) This chapter may not be construed to create an obligation of the state, the department, or an agency or instrumentality of the state to guarantee for the benefit of a designated beneficiary
(1) the return of the principal deposited in the program account;
(2) a rate of interest or other return on the principal in a program account; or
(3) the payment of interest or other return on the principal in a program account.
(b) Every contract, application, and other document that may be used in connection with opening a program account must clearly state that the state does not insure a program account or guarantee the items described in (a) of this section.

Structure Alaska Statutes

Alaska Statutes

Title 6. Banks and Financial Institutions

Chapter 65. Alaska Savings Program for Eligible Individuals

Sec. 06.65.010. Program authorized.

Sec. 06.65.020. General department duties.

Sec. 06.65.030. Modification of program.

Sec. 06.65.040. Additional department powers.

Sec. 06.65.050. Contracting authority; procurement exemption.

Sec. 06.65.060. Investment oversight.

Sec. 06.65.070. Financial contractor obligations.

Sec. 06.65.080. Additional audits.

Sec. 06.65.090. Contract termination; nonrenewal.

Sec. 06.65.100. Eligible individuals.

Sec. 06.65.110. Representative of eligible individual.

Sec. 06.65.120. Program account ownership.

Sec. 06.65.130. Number of program accounts.

Sec. 06.65.140. Program account application.

Sec. 06.65.150. Program account establishment fee.

Sec. 06.65.160. Program account contributions.

Sec. 06.65.170. Limited investment direction.

Sec. 06.65.180. Change of designated beneficiary.

Sec. 06.65.190. Distributions for qualified expenses.

Sec. 06.65.200. Rollover distribution.

Sec. 06.65.210. Statements.

Sec. 06.65.220. Preparation and filing.

Sec. 06.65.230. Separate accounting.

Sec. 06.65.240. Annual fee.

Sec. 06.65.250. Use as security.

Sec. 06.65.260. No state obligation.

Sec. 06.65.270. Confidentiality.

Sec. 06.65.280. Exchange of information.

Sec. 06.65.290. Treatment under means test programs.

Sec. 06.65.300. Deposit from permanent fund dividend.

Sec. 06.65.310. Program expense fund.

Sec. 06.65.320. Medicaid claims.

Sec. 06.65.330. Governing law.

Sec. 06.65.340. Regulations.

Sec. 06.65.350. Annual report.

Sec. 06.65.390. Definitions.