The total unpaid principal amount of bonds, including refunding bonds, but excluding refunded bonds, issued by all state entities added together, for the purposes of financing prepayment of all or a portion of a governmental employer's share of unfunded accrued liability of retirement systems, may not exceed $1,500,000,000 or a funding ratio of actuarial assets to accrued liability greater than 85 percent, whichever is less.
Structure Alaska Statutes
Article 8. Pension Obligation Bonds.
Sec. 37.15.900. Bond authorization.
Sec. 37.15.903. Pension obligation bond limit.
Sec. 37.15.905. Bond redemption fund.
Sec. 37.15.915. Bond resolution.
Sec. 37.15.920. Enforcement by bond owner.
Sec. 37.15.925. Amounts required for payments.
Sec. 37.15.930. Purposes and sufficiency of revenue.
Sec. 37.15.940. Bonds as legal investments.