Alaska Statutes Title 37, Chapter 37.23 - Investment Pools for Public Entities

• Sec. 37.23.010 Investment Pool Participation.
  (a) Subject to this chapter, a public entity may enter into an agreement with other public entities to form and manage an investment pool...
• Sec. 37.23.020 Authorized Investments.
  An investment pool may invest only in securities that have a final maturity date within 13 months after the date of purchase, except that...
• Sec. 37.23.030 Collateralization.
  Investment in certificates of deposit under AS 37.23.020 (6) and the entire amount of principal and interest payable upon maturity of the certificates must...
• Sec. 37.23.035 Securities Lending.
  Securities held by an investment pool may be loaned if the securities are fully collateralized and the collateral is, for safekeeping, in the possession...
• Sec. 37.23.040 Portfolio Restrictions.
  The portfolio of an investment pool under this chapter may not contain(1) more than five percent of total investments in securities of one issuer...
• Sec. 37.23.050 Investment Management.
  The public entities participating in an investment pool under this chapter shall provide for management of investments in the pool by contracting for investment...
• Sec. 37.23.060 Investment Responsibilities.
  The management and investment of assets by investment pools shall be done with the care, skill, prudence, and diligence under the circumstances then prevailing...
• Sec. 37.23.070 Reports; Disclosure Statement.
  (a) The manager of an investment pool shall provide to the participating public entities a monthly report on the allocation of income of investments...
• Sec. 37.23.080 Annual Audit.
  By September 30 of each year, the manager of an investment pool shall submit to the participating public entities an audit of the pool's...
• Sec. 37.23.090 Limitation of Liability.
  The state, except when providing investment management and related services under AS 37.23.050 (3), and participating public entities are not liable for any acts...
• Sec. 37.23.900 Definition of "Public Entity.".
  In this chapter, "public entity" means a political subdivision of the state, including a municipality and its subdivisions, a school district, a regional educational...

Last modified: November 15, 2016