Section 37.14.007 - Authority as trustee(a) The Alaska Mental Health Trust Authority, established by AS 44.25.200 , is the trustee of the trust established under the Alaska Mental Health Enabling Act of 1956, P.L. 84-830, 70 Stat. 709.(b) In exercising the powers, duties, and responsibilities as trustee, the authority is under a duty to the public and the trust beneficiaries to (1) administer the trust consistent with AS 37.14.009 in the interest of the beneficiaries;(2) keep and render clear and accurate accounts with respect to the administration of the trust;(3) make public and available complete and accurate information as to the nature and amount of the trust property;(4) exercise a high degree of care in administering the trust;(5) take reasonable steps to take and keep control of the trust property;(6) use care and skill to preserve the trust property;(7) take reasonable steps to realize on claims that are held in trust;(8) defend against actions that may result in a loss to the trust estate, unless under all the circumstances, considering the other duties owed to the trust, it is reasonable not to make the defense;(9) separately account for trust property;(10) ensure that trust property is designated as property of the trust;(11) use care and skill to make the trust property productive; however, nothing in this paragraph shall prevent the state from using trust property directly or indirectly, by contractual stipulation or otherwise, as a component of the state's mental health trust program; and(12) deal impartially with the different trust beneficiaries as provided in AS 44.25.290 .Amended by AK 2022 Executive Order 121,§§sec.20, sec.21 eff. 7/1/2022.