Alaska Statutes Title 37, Chapter 37.15, Article 09 - Pension Obligation Bonds

• Sec. 37.15.900 Bond Authorization.
  (a) For purposes of financing prepayment of all or a portion of a governmental employer's share of unfunded accrued actuarial liability of retirement systems,...
• Sec. 37.15.903 Pension Obligation Bond Limit.
  The total unpaid principal amount of bonds, including refunding bonds, but excluding refunded bonds, issued by all state entities added together, for the purposes...
• Sec. 37.15.905 Bond Redemption Fund.
  (a) There is established a special fund of the state, known as the pension obligation bond redemption fund, which is a trust fund for...
• Sec. 37.15.910 Bond Terms.
  (a) The bonds may be issued and sold at public or negotiated sale in the manner, in the amounts or series, and at the...
• Sec. 37.15.915 Bond Resolution.
  The committee shall authorize the issuance of bonds by adopting a resolution and shall prepare all other documents and proceedings necessary for the issuance,...
• Sec. 37.15.920 Enforcement by Bond Owner.
  (a) The owner or owners of not less than 10 percent of the aggregate principal amount of any series or issue of bonds or...
• Sec. 37.15.925 Amounts Required for Payments.
  The committee shall, before June 30 of each year or from time to time within the year, as appropriate, commencing with the year in...
• Sec. 37.15.930 Purposes and Sufficiency of Revenue.
  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...
• Sec. 37.15.935 Refunding.
  (a) The committee may refund the bonds or any part of them at or before their maturities or redemption dates by the issuance of...
• Sec. 37.15.940 Bonds As Legal Investments.
  The bonds are legal investments for all banks, trust companies, savings banks, savings and loan associations, and other persons carrying on a banking business,...
• Sec. 37.15.945 Statutory Construction.
  AS 37.15.900 - 37.15.955 shall be liberally construed to carry out the purposes for which they were enacted.
• Sec. 37.15.950 Regulations.
  The committee may adopt regulations necessary to implement the provisions of AS 37.15.900 - 37.15.955.
• Sec. 37.15.955 Definitions.
  In AS 37.15.900 - 37.15.955,(1) "bond redemption fund" means the pension obligation bond redemption fund established in AS 37.15.905 ;(2) "bond resolution" means a...

Last modified: November 15, 2016