(a) The educational facilities maintenance and construction fund is established as a separate fund in the general fund. The fund consists of all money appropriated to it.
(b) The educational facilities maintenance and construction fund shall be invested by the Department of Revenue so as to yield competitive market rates, as provided in AS 37.10.071. Money in the fund may be appropriated
(1) to finance the design, construction, and maintenance of public school facilities; and
(2) for maintenance of University of Alaska facilities.
(c) Appropriations from the education facilities maintenance and construction fund are subject to AS 14.11.008.
Structure Alaska Statutes
Chapter 05. Fiscal Procedures Act
Sec. 37.05.500. Special funds.
Sec. 37.05.510. Working reserve account.
Sec. 37.05.520. Railbelt energy fund.
Sec. 37.05.530. National Petroleum Reserve - Alaska special revenue fund.
Sec. 37.05.540. Budget reserve fund; appropriation limit.
Sec. 37.05.550. Alaska marine highway system vessel replacement fund.
Sec. 37.05.555. University of Alaska building fund.
Sec. 37.05.560. Educational facilities maintenance and construction fund.
Sec. 37.05.565. Alaska capital income fund.
Sec. 37.05.570. Alaska public building fund.
Sec. 37.05.580. Tobacco use education and cessation fund.
Sec. 37.05.590. Civil legal services fund.