The bonds of the corporation are securities in which public officers and bodies of the state, municipalities, insurance companies, insurance associations, other persons carrying on an insurance business, banks, bankers, trust companies, savings banks, savings associations, building and loan associations, investment companies, other persons carrying on a banking business, administrators, guardians, executors, trustees, other fiduciaries, and other persons who are authorized to invest in bonds or other obligations of the state, may properly and legally invest funds including capital in their control or belonging to them. Notwithstanding any other provisions of law, the bonds of the corporation are also securities that may be deposited with and may be received by public officers and bodies of the state and municipalities for any purpose for which the deposit of bonds or other obligations of the state is now or may be authorized.
Structure Alaska Statutes
Title 14. Education, Libraries, and Museums
Chapter 42. Postsecondary Education Commission and Loan Corporation
Article 2. Alaska Student Loan Corporation.
Sec. 14.42.100. Creation of Alaska Student Loan Corporation.
Sec. 14.42.120. Corporation governing body.
Sec. 14.42.130. Meetings of the board.
Sec. 14.42.140. Minutes of meetings.
Sec. 14.42.150. Administration of affairs.
Sec. 14.42.160. Executive officer.
Sec. 14.42.200. General powers.
Sec. 14.42.205. Supplemental education loans: financing program.
Sec. 14.42.210. Education loan fund and program administration.
Sec. 14.42.220. Bonds of the corporation.
Sec. 14.42.230. Trust indentures and trust agreements.
Sec. 14.42.240. Reserves and capital reserves.
Sec. 14.42.250. Validity of pledge.
Sec. 14.42.260. Nonliability on bonds.
Sec. 14.42.270. Pledge and agreement of state.
Sec. 14.42.280. Exemption from taxation.
Sec. 14.42.290. Bonds legal investments for fiduciaries.
Sec. 14.42.295. Payment to state.