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 systems.
Structure Alaska Statutes
Chapter 16. Alaska Pension Obligation Bond Corporation
Sec. 37.16.010. Alaska Pension Obligation Bond Corporation.
Sec. 37.16.020. Board of directors.
Sec. 37.16.030. Bond authorization.
Sec. 37.16.060. Bond resolution.
Sec. 37.16.070. Enforcement by bond owner.
Sec. 37.16.080. Purposes and sufficiency of revenue.
Sec. 37.16.100. Bonds as legal investments.
Sec. 37.16.110. Debt service repayment contracts.