Section 20.40.610. Allocation of trust land revenues between principal and income.

Revenues received from the management of trust land will be allocated between principal and income as follows:  
		(1) to principal,  
			(A) 100 percent of  
				(i) land sale revenues;  
				(ii) royalties on coal, oil, gas, materials, and minerals; and  
				(iii) revenues from perpetual easements; and  
			(B) 85 percent of revenues from timber sales;  
		(2) to income,  
			(A) 100 percent of  
				(i) interest from land sale contracts;  
				(ii) bonus bids; and  
				(iii) rents; and  
			(B) 15 percent of revenues from timber sales.  

Authorities

37.14.031;47.30.031

Notes

Authority

AS 37.14.031 AS 47.30.031

History

Eff. 10/24/2004, Register 172