(a) The Alaska arts and cultural investment fund is created in the general fund. The fund consists of money appropriated to the fund by the legislature, including donations, money from other sources, and interest earned on money in the fund. Appropriations to the fund do not lapse. (b) The council shall administer the fund in accordance with the provisions of this chapter. The council may spend money appropriated to the fund to carry out the purposes of this chapter and to pay the costs of administering the fund without further appropriation.
Alaska Legal Code