Alaska Stat. § 06.65.090

Current through Chapter 60 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 06.65.090 - Contract termination; nonrenewal

The department may terminate or fail to renew a financial contract. If the department terminates or does not renew a contract with a financial contractor, the department shall take custody of the program accounts held by the financial contractor and transfer the program accounts to another financial contractor as soon as possible and into program accounts that are as similar as possible to the types of program accounts being transferred.

AS 06.65.090

Added by SLA 2016, ch. 56,sec. 2, eff. 8/6/2016.