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. 37.15.945. Statutory construction.
AS 37.15.900 – 37.15.955 shall be liberally construed to carry out the purposes for which they were enacted.
Sec. 37.16.900. 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 the pension obligation bonds authorized in this chapter; (3) “corporation” means the Alaska Pension Obligation Bond Corporation created in AS 37.16.010; (4) “costs of issuance and administration” means all […]
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 resolution or resolutions adopted by the committee under AS 37.15.915 authorizing the issuance of bonds; (3) “bonds” means the pension obligation bonds authorized in AS 37.15.900 – 37.15.955; (4) “committee” […]
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 by a board of directors. The purpose of the corporation is to finance prepayment of all or a portion of a governmental employer’s share of unfunded accrued actuarial liability of retirement […]
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 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. 37.16.030. 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, including the costs of issuance and administration, the issuance and sale of bonds by the corporation is authorized as provided in this section and AS 37.16.040 – 37.16.900, but only after […]
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 deposited or transferred (1) all money appropriated by the legislature for the purpose of the fund in accordance with the provisions of (g) of this section; (2) all proceeds of bonds […]
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 time or times that the corporation determines the bonds, or each series of them, shall be sold at the price and on the terms, conditions, and covenants set by the corporation […]