{"data":{"id":"us-ak/as-37.14.170","jurisdiction":"us-ak","citation":"AS 37.14.170","heading":"Investments.","body":"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\n(1) consider the status of the fund's capital and the income generated on both a current and a probable future basis;\n(2) determine the appropriate investment objectives;\n(3) establish investment policies to achieve the objectives; and\n(4) act only in regard to the financial interests of the fund's beneficiaries.","path":["Title 37. Public Finance.","Chapter 14. Special Funds.","Article 2. Public School Trust Fund."],"source_url":"https://www.akleg.gov/basis/statutes.asp#37.14.170","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:56Z","sha256":"2d7e6e7eb2fc65e0c64b375bbd8cfe6173fff7634ca625d5c500d1f13d297738","source_id":"us-ak","stale":false,"prev":"us-ak/as-37.14.165","next":"us-ak/as-37.14.200"},"notice":"GroundRules: Original legal text. Not legal advice."}