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2017 Alaska Statutes
Title 37. Public Finance
Chapter 16. Alaska Pension Obligation Bond Corporation
Sec. 37.16.080. Purposes and sufficiency of revenue.
Universal Citation: AK Stat § 37.16.080 (2017)
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 corporation first finds that the actuarially assumed rate of return on the funds managed by the Alaska Retirement Management Board is projected to exceed the true interest cost to be paid on the bonds by at least 1.5 percent annually.
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