Alaska Statutes
Alaska Stat. § 37.05.560 (2026)
Educational facilities maintenance and construction fund
✓ current as of July 2026
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Sec. 37.05.560. Educational facilities maintenance and construction fund.
(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.
(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.
Notes of Decisions
Cited in 3
cases (2 in the last 5 years), 1994–2022 · leading case: Hickel v. Cowper, 874 P.2d 922 (Alaska 1994).
Hickel v. Cowper, 874 P.2d 922 (Alaska 1994). “550, and the educational facilities maintenance and construction fund, AS 37.05.560, remain “available for appropriation,” within the meaning of section 17(b).”
Madilyn Short, Riley Von Borstel, Kjrsten Schindler, & Jay-Mark Pascua v. State of Alaska, Off. of Mgmt. & Budget & Dep't of Admin. & Governor Michael J. Dunleavy, in an Off. capacity (Alaska 2022). “2d at 933-34 ; see AS 37.05.560(b) (“The educational facilities maintenance and construction fund shall be invested by the Department of Revenue so as to yield competitive market rates .”
Madilyn Short, Riley Von Borstel, Kjrsten Schindler, & Jay-Mark Pascua v. State of Alaska, Off. of Mgmt. & Budget & Dep't of Admin.; & Governor Michael J. Dunleavy, in an Off. capacity, 520 P.3d 142 (Alaska 2022). “2d at 933-34 ; see AS 37.05.560(b) (“The educational facilities maintenance and construction fund shall be invested by the Department of Revenue so as to yield competitive market rates .”
— Alaska Stat. § 37.05.560(b) — 3 cases
Hickel v. Cowper, 874 P.2d 922 (Alaska 1994). “550, and the educational facilities maintenance and construction fund, AS 37.05.560, remain “available for appropriation,” within the meaning of section 17(b).”
Madilyn Short, Riley Von Borstel, Kjrsten Schindler, & Jay-Mark Pascua v. State of Alaska, Off. of Mgmt. & Budget & Dep't of Admin. & Governor Michael J. Dunleavy, in an Off. capacity (Alaska 2022). “2d at 933-34 ; see AS 37.05.560(b) (“The educational facilities maintenance and construction fund shall be invested by the Department of Revenue so as to yield competitive market rates .”
Madilyn Short, Riley Von Borstel, Kjrsten Schindler, & Jay-Mark Pascua v. State of Alaska, Off. of Mgmt. & Budget & Dep't of Admin.; & Governor Michael J. Dunleavy, in an Off. capacity, 520 P.3d 142 (Alaska 2022). “2d at 933-34 ; see AS 37.05.560(b) (“The educational facilities maintenance and construction fund shall be invested by the Department of Revenue so as to yield competitive market rates .”
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