Alaska Statutes Title 37, Chapter 37.16 - Alaska Pension Obligation Bond Corporation

• Sec. 37.16.010 Alaska Pension Obligation Bond Corporation.
  There is established the Alaska Pension Obligation Bond Corporation. The corporation is a public corporation and government instrumentality in the Department of Revenue managed...
• Sec. 37.16.020 Board of Directors.
  The directors of the corporation are the commissioner of commerce, community, and economic development, the commissioner of administration, and the commissioner of revenue. If...
• Sec. 37.16.030 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. 37.16.040 Reserve Fund.
  (a) The corporation may establish and maintain a special fund called the Alaska Pension Obligation Bond Corporation reserve fund in which there shall be...
• Sec. 37.16.050 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. 37.16.060 Bond Resolution.
  The corporation shall authorize the issuance of bonds by adopting a resolution and shall prepare all other documents and proceedings necessary for the issuance,...
• Sec. 37.16.070 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. 37.16.080 Purposes and Sufficiency of Revenue.
  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...
• Sec. 37.16.090 Refunding.
  (a) The corporation may refund the bonds or any part of them at or before their maturities or redemption dates by the issuance of...
• Sec. 37.16.100 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. 37.16.110 Debt Service Repayment Contracts.
  The corporation shall enter into contracts with governmental employers for the purpose of recouping amounts paid as debt service on bonds issued by the...
• Sec. 37.16.800 Statutory Construction.
  This chapter shall be liberally construed to carry out the purposes for which it was enacted.
• Sec. 37.16.810 Regulations.
  The corporation may adopt regulations necessary to implement the provisions of this chapter.
• Sec. 37.16.900 Definitions.
  In this chapter,(1) "bond resolution" means the resolution or resolutions adopted by the corporation under AS 37.16.060 authorizing the issuance of bonds;(2) "bonds" means...

Last modified: November 15, 2016