The state trustees may not agree to an expenditure of money from the trust to a person or entity other than an agency of the state or federal government unless the expenditure is for administrative expenses of the trust and is consistent with the competitive principles of AS 36.30 (State Procurement Code). This section does not prevent an agency receiving trust money from expending the money in accordance with procurement or other law applicable to that agency.
Structure Alaska Statutes
Article 5. Exxon Valdez Oil Spill Trust.
Sec. 37.14.400. Trust recognized.
Sec. 37.14.405. Appropriations required.
Sec. 37.14.410. Reimbursed expenditures.
Sec. 37.14.415. Budget and reports.
Sec. 37.14.420. Payments to persons other than governments.
Sec. 37.14.425. Public records.