The proceeds of bonds may be used for the purposes described in AS 37.15.900 (a), as appropriate. Bonds may not be issued unless the committee first finds that the actuarially assumed rate of return on the funds managed by the Alaska Retirement Management Board is projected to exceed the true interest cost to be paid on the bonds by at least 1.5 percent annually.
Section: Previous 37.15.900 37.15.903 37.15.905 37.15.910 37.15.915 37.15.920 37.15.925 37.15.930 37.15.935 37.15.940 37.15.945 37.15.950 37.15.955 NextLast modified: November 15, 2016