Sec. 37.18.190. Definitions.
In this chapter, (1) “bond resolution” means the resolution or resolutions adopted by the corporation under AS 37.18.060 authorizing the issuance of bonds; (2) “bonds” means the bonds authorized in this chapter; (3) “corporation” means the Alaska Tax Credit Certificate Bond Corporation created in AS 37.18.010; (4) “costs of issuance and administration” means all costs […]
Sec. 37.20.010. Acceptance of federal grants and transfers of property.
The governor is authorized to accept on behalf of the state all federal grants and transfers of property of an emergency, transitional, or omnibus nature upon conditions imposed by the federal government.
Sec. 37.20.030. Jurisdiction of accepted property.
(a) All chattels accepted under the provisions of AS 37.20.010 are subject to the jurisdiction of the Department of Administration for distribution to the appropriate department. (b) All land accepted under the provisions of AS 37.20.010 is subject to the jurisdiction of the Department of Natural Resources. (c) All public buildings accepted under the provisions […]
Sec. 37.18.010. Alaska Tax Credit Certificate Bond Corporation.
The Alaska Tax Credit Certificate Bond Corporation is established in the Department of Revenue. The corporation is a public corporation and government instrumentality managed by a board of directors. The purpose of the corporation is to finance under AS 43.55.028 (1) the purchase of (A) transferable tax credit certificates issued under AS 43.55.023; (B) production […]
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 under which funds of the participating public entities are administered and invested jointly. A public entity, by itself or with other public entities, may form a nonprofit corporation for the purpose […]
Sec. 37.18.020. 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 a director is absent or otherwise unable to act, the director’s designee in the department shall act as a director of the corporation in the director’s place.
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 floating rate securities with a final maturity date that is longer than 13 months may be purchased if they are subject to at least an annual reset. Investments may only include […]
Sec. 37.18.030. Bond authorization; powers of the corporation.
(a) The issuance and sale of bonds by the corporation is authorized as provided in this section for purposes of financing purchases, refunds, and payments under AS 43.55.028 and the costs of issuance and administration of the bonds. The net proceeds of the sale of the bonds remaining after payment of costs of issuance and […]
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 be collateralized by a combination of securities that are marked to market at least monthly and have maturity dates that do not exceed five years. Only the following securities may serve as […]
Sec. 37.18.040. Reserve fund.
(a) The corporation may establish and maintain a special fund called the Alaska Tax Credit Certificate Bond Corporation reserve fund. The reserve fund consists of (1) money appropriated to the reserve fund by the legislature for the purpose of the reserve fund in accordance with the provisions of (g) of this section; (2) proceeds of […]