The proceeds of bonds may be used for the purposes described in AS 37.16.030 (a), as appropriate. Bonds may not be issued unless the corporation 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 37.16.010 37.16.020 37.16.030 37.16.040 37.16.050 37.16.060 37.16.070 37.16.080 37.16.090 37.16.100 37.16.110 37.16.800 37.16.810 37.16.900 NextLast modified: November 15, 2016