Alaska Statutes
Title 37. Public Finance

Sec. 37.05.560. Educational facilities maintenance and construction fund. - (a) The educational facilities maintenance and construction fund is established...

Sec. 37.05.565. Alaska capital income fund. - (a) There is established in the general fund the Alaska...

Sec. 37.05.570. Alaska public building fund. - (a) There is created as a special account in the...

Sec. 37.05.580. Tobacco use education and cessation fund. - (a) There is created as a special account in the...

Sec. 37.05.590. Civil legal services fund. - The civil legal services fund is established as a special...

Sec. 37.05.600. Alaska veterans' cemetery fund. - (a) There is created as a special account in the...

Sec. 37.05.610. Alaska affordable energy fund. - (a) The Alaska affordable energy fund is created as a...

Article 7. Miscellaneous Provisions.

Sec. 37.05.800. Restriction on use of state money for residential contracting. - (a) The state may not grant or loan money or...

Article 8. General Provisions.

Sec. 37.05.900. Interpretation of chapter. - This chapter shall be construed as supplemental to all other...

Sec. 37.05.910. Applicability to University of Alaska. - The commissioner of administration may delegate the performance of the...

Sec. 37.05.920. Fiscal year. - The fiscal year of the state begins on July 1...

Sec. 37.05.990. Definitions for chapter. - In this chapter, (1) “fiscal year,” “budget year,” “accounting year,”...

Sec. 37.05.995. Short title. - This chapter may be cited as the Fiscal Procedures Act.

Chapter 06. Capital Project Matching Grant Programs

Sec. 37.06.010. Municipal capital project matching grant program. - (a) The municipal capital project matching grant program is established...

Sec. 37.06.020. Unincorporated community capital project matching grant program. - (a) The unincorporated community capital project matching grant program is...

Sec. 37.06.030. Local share requirements. - (a) For each draw made by a municipality under AS...

Sec. 37.06.040. Municipalities organized under federal law. - An entity organized under federal law as an Indian reserve...

Sec. 37.06.080. Adoption of regulations. - The Department of Commerce, Community, and Economic Development (1) may...

Sec. 37.06.090. Definition of “capital project.” - In this chapter, “capital project” means a project with a...

Chapter 07. Executive Budget Act

Sec. 37.07.010. Statement of policy. - It is the purpose of this chapter to establish a...

Sec. 37.07.014. Responsibilities of the legislature. - (a) To carry out its legislative power under art. II,...

Sec. 37.07.016. Governor's use of mission statements. - To carry out the executive power under art. III, sec....

Sec. 37.07.020. Responsibilities of the governor. - (a) The governor shall prepare a budget for the succeeding...

Sec. 37.07.040. Office of management and budget. - The Alaska office of management and budget shall (1) assist...

Sec. 37.07.045. Debt affordability analysis. - The Department of Revenue shall prepare a report that includes...

Sec. 37.07.050. Agency program and financial plans; mission statements. - (a) The agencies shall assure the development of a statewide...

Sec. 37.07.060. Governor's recommendation. - (a) The governor shall formulate the operating and capital budget,...

Sec. 37.07.062. Capital budget. - (a) Each appropriation bill authorizing capital expenditures required to be...

Sec. 37.07.070. Legislative review. - The legislature shall consider the governor's proposed comprehensive operating and...

Sec. 37.07.080. Program execution. - (a) Except as limited by executive decisions of the governor,...

Sec. 37.07.100. Proposed supplemental or special appropriations. - The governor from time to time may transmit to the...

Sec. 37.07.110. Interpretation of chapter. - This chapter shall be construed as supplemental to all other...

Sec. 37.07.120. Definitions. - In this chapter, (1) “agency” means a department, officer, institution,...

Sec. 37.07.130. Short title. - This chapter may be cited as the Executive Budget Act.

Chapter 10. Public Funds

Article 1. Custodians of State Funds.

Sec. 37.10.010. Disbursements. - The Department of Administration shall (1) disburse money only upon...

Sec. 37.10.020. Vouchers to be approved by administrative officer. - A voucher arising from the conduct of an office or...

Sec. 37.10.030. Responsibility of officer or employee approving or certifying voucher. - (a) The officer or employee approving or certifying a voucher...

Sec. 37.10.040. Enforcement of liability. - The liability of a certifying officer or employee is enforced...

Article 2. Charges for State Services; Accounting.

Sec. 37.10.050. Charges by state agencies; collection, accounting, and deposit of state money. - (a) A state agency may not charge a fee for...

Sec. 37.10.052. Fees levied by resource agencies for designated regulatory services; negotiated service agreements. - (a) Each resource agency shall, by regulation, establish a list...

Sec. 37.10.054. Invoices for designated regulatory services. - (a) Unless a negotiated service agreement reached under AS 37.10.052(b)...

Sec. 37.10.056. Petitions to adopt regulations. - A person requiring a designated regulatory service from a resource...

Sec. 37.10.058. Definitions. - In AS 37.10.050 - 37.10.058, (1) “agency” means a board,...

Sec. 37.10.060. Department of Revenue to deposit money in state treasury. - All fees and receipts received by the Department of Revenue...

Article 3. Investment and Deposit of State Funds.

Sec. 37.10.070. Investment of residual money. - (a) The commissioner shall invest, as set out in AS...

Sec. 37.10.071. Investment powers and duties. - (a) In making investments under this section, the fiduciary of...

Sec. 37.10.075. Deposit of state funds. - (a) When the commissioner of revenue determines that there are...

Sec. 37.10.078. Prohibited deposits and investments in certain banks. - The commissioner of revenue may not make investments or deposits...

Sec. 37.10.085. Financial aid to corporations by state or political subdivision. - (a) Except as provided in AS 14.40.458, (c) or (d)...

Sec. 37.10.087. Loans to bond construction funds. - (a) (1) When a construction fund or account established to...

Sec. 37.10.088. Department of Administration authorized to make advances to the University. - (a) During any fiscal year the Department of Administration may...

Sec. 37.10.089. Loans to the education loan fund; bond purchase agreements and letters of credit. - (a) If the education loan fund (AS 14.42.210) is unable...

Article 4. Recovery of Money or Property Illegally Paid or Diverted.

Sec. 37.10.090. Action by attorney general. - Whenever money, funds, or property of a city, school district,...

Sec. 37.10.100. Costs of action and disposition of amount recovered. - (a) The necessary and reasonable costs of the suit and...

Article 5. Vocational Education Account.

Sec. 37.10.200. Vocational education account. - (a) The vocational education account is created in the general...

Article 6. Alaska Retirement Management Board.

Sec. 37.10.210. Alaska Retirement Management Board. - (a) The Alaska Retirement Management Board is established in the...

Sec. 37.10.215. Attorney general. - The attorney general is the legal counsel for the board...

Sec. 37.10.220. Powers and duties of the board. - (a) The board shall (1) hold regular and special meetings...

Sec. 37.10.230. Conflicts of interest. - (a) Trustees are subject to the provisions of AS 39.50....

Sec. 37.10.240. Regulations and open meetings. - (a) The board may adopt regulations to implement AS 37.10.210...

Sec. 37.10.250. Compensation of trustees. - Trustees, other than trustees who are employees of the state,...

Sec. 37.10.260. Staff. - (a) The Department of Revenue shall provide staff for the...

Sec. 37.10.270. Investment advisory council. - (a) The board may appoint an investment advisory council composed...

Sec. 37.10.280. Insurance. - The board shall ensure that trusteed assets and its own...

Sec. 37.10.290. Exemption from taxation. - Except as provided in AS 29.45.030(a) for property acquired through...

Sec. 37.10.300. Limitations. - The board may not engage in commercial banking activity or...

Sec. 37.10.310. Pension forfeiture by public officers convicted of crimes involving corruption. - (a) A public officer, as defined in AS 39.52.960, a...

Sec. 37.10.390. Definitions. - In AS 37.10.210 - 37.10.390, unless the context otherwise requires,...

Article 7. Constitutional Budget Reserve Fund.

Sec. 37.10.410. “Administrative proceedings involving taxes” defined. - (a) The following money received by the state is considered...

Sec. 37.10.420. “Money available for appropriation” defined. - (a) For purposes of applying art. IX, sec. 17(b), Constitution...

Sec. 37.10.430. Management of the budget reserve fund. - (a) The Department of Revenue may transfer management responsibility over...

Chapter 13. Alaska Permanent Fund and Corporation

Article 1. Alaska Permanent Fund.

Sec. 37.13.010. Alaska permanent fund. - (a) Under art. IX, sec. 15, of the state constitution,...

Sec. 37.13.020. Findings. - The people of the state, by constitutional amendment, have required...

Sec. 37.13.030. Purpose. - It is the purpose of AS 37.13.010 - 37.13.190 to...

Sec. 37.13.040. Alaska Permanent Fund Corporation. - There is established the Alaska Permanent Fund Corporation. The corporation...

Sec. 37.13.050. Composition and qualifications of board of trustees. - (a) The Board of Trustees of the Alaska Permanent Fund...

Sec. 37.13.060. Term of office. - The public members of the board shall be appointed for...

Sec. 37.13.070. Removal and vacancies. - (a) The governor may remove a public member of the...

Sec. 37.13.080. Quorum and voting. - Four members of the board constitute a quorum for the...

Sec. 37.13.090. Compensation of board members. - Public members of the board receive an honorarium of $400...

Sec. 37.13.100. Corporation staff. - The board may employ and determine the salary of an...

Sec. 37.13.110. Conflicts of interest. - (a) Members of the board, the executive director, and investment...

Sec. 37.13.120. Investment responsibilities. - (a) The board shall adopt regulations specifically designating the types...

Sec. 37.13.140. Income. - (a) Net income of the fund includes income of the...

Sec. 37.13.145. Disposition of income. - (a) The earnings reserve account is established as a separate...

Sec. 37.13.150. Corporation budget. - The revenue generated by the fund's investments must be identified...

Sec. 37.13.160. Audits. - The Legislative Budget and Audit Committee may provide for an...

Sec. 37.13.170. Reports and publications. - By September 30 of each year, the board shall publish...

Sec. 37.13.180. Tax exemption. - The corporation and the fund are exempt from all taxes...

Sec. 37.13.190. Political activities. - The resources of the corporation or the fund may not...

Sec. 37.13.200. Public access to information. - Information in the possession of the corporation is a public...

Sec. 37.13.206. Regulations. - (a) The board may adopt regulations to carry out the...

Article 2. Management of Other Assets.

Sec. 37.13.300. Corporation to manage certain assets of the mental health trust. - (a) The corporation shall manage the mental health trust fund....

Article 3. General Provisions.

Sec. 37.13.900. Definitions. - In this chapter, (1) “board” means the Board of Trustees...

Chapter 14. Special Funds

Article 1. Mental Health Trust.

Sec. 37.14.001. Mental health trust. - In carrying out its trust obligations under the Mental Health...

Sec. 37.14.003. Responsibilities of the governor. - (a) At the time the governor submits the report under...

Sec. 37.14.005. Responsibilities of the legislature. - (a) The legislature shall annually pass and transmit to the...

Sec. 37.14.007. Authority as trustee. - (a) The Alaska Mental Health Trust Authority, established by AS...

Sec. 37.14.009. Trust management. - (a) The Alaska Mental Health Trust Authority (1) has a...

Sec. 37.14.031. Trust fund established. - (a) The mental health trust fund is established as a...

Sec. 37.14.033. Management of trust fund. - The mental health trust fund shall be managed by the...

Sec. 37.14.035. Trust fund utilization. - (a) The cash principal of the mental health trust fund...

Sec. 37.14.036. Trust settlement income account established. - (a) The mental health trust settlement income account is established...

Sec. 37.14.039. Trust settlement income account administration. - (a) The mental health trust settlement income account shall be...

Sec. 37.14.041. Use of trust settlement income account. - (a) Money in the mental health trust settlement income account...

Sec. 37.14.045. Limitation on grants and contracts paid for from mental health trust settlement income account. - (a) The authority may award grants and contracts that are...

Sec. 37.14.099. Definitions. - In AS 37.14.001 - 37.14.099, (1) “authority” means the Alaska...

Article 2. Public School Trust Fund.

Sec. 37.14.110. Public school trust fund established. - (a) There is established as a separate endowment trust fund...

Sec. 37.14.120. Public School Fund Advisory Board created. - (a) There is created in the Department of Revenue the...

Sec. 37.14.130. Powers and duties of board. - The board created in AS 37.14.120 has the following powers...

Sec. 37.14.150. Contributions. - During each fiscal year the commissioner of revenue shall transfer...

Sec. 37.14.160. Duties of the commissioner of revenue. - The commissioner of revenue is the treasurer of the trust...

Sec. 37.14.165. Use of the public school trust fund. - Each year, the legislature may appropriate not more than five...

Sec. 37.14.170. Investments. - The commissioner of revenue is the fiduciary of the trust...

Article 3. Alaska Children's Trust.

Sec. 37.14.200. Alaska children's trust established. - (a) The Alaska children's trust is established as a separate...

Sec. 37.14.205. Alaska children's trust grant account. - (a) The Alaska children's trust grant account is established as...

Sec. 37.14.220. Administration of the trust. - The trust shall be administered by the Alaska Children's Trust...

Sec. 37.14.225. Trust board established. - The Alaska Children's Trust Board is established in the Office...

Sec. 37.14.230. Powers and duties of the board. - (a) The board shall (1) hold regular and special meetings...

Sec. 37.14.245. Regulations. - (a) The board may adopt regulations to implement AS 37.14.200...

Sec. 37.14.270. Definitions. - In AS 37.14.200 - 37.14.270, unless the context otherwise requires,...

Article 4. Investment Loss Trust Fund.

Sec. 37.14.300. Investment loss trust fund. - (a) There is established as a separate fund in the...

Article 5. Exxon Valdez Oil Spill Trust.

Sec. 37.14.400. Trust recognized. - The trust established under the Memorandum of Agreement and Consent...

Sec. 37.14.405. Appropriations required. - (a) Notwithstanding any other provision of law, a state agency...

Sec. 37.14.410. Reimbursed expenditures. - (a) Amounts received by the state as reimbursement for expenses...

Sec. 37.14.415. Budget and reports. - The state trustees shall (1) submit to the governor and...

Sec. 37.14.420. Payments to persons other than governments. - The state trustees may not agree to an expenditure of...

Sec. 37.14.425. Public records. - For purposes of AS 40.25.120, records of the trust in...

Sec. 37.14.430. Applicability of open meetings law. - (a) The provisions of AS 44.62.310 - 44.62.319 (Open Meetings...

Sec. 37.14.450. Definitions. - In AS 37.14.400 - 37.14.450, (1) “federal trustee” means a...

Article 6. Alaska Heritage Endowment Fund.

Sec. 37.14.500. Alaska heritage endowment fund established. - The Alaska heritage endowment fund is established as a separate...

Sec. 37.14.510. Net income account. - (a) The net income account is established in the Alaska...

Sec. 37.14.520. Powers and duties of the commissioner of revenue. - The commissioner of revenue is the treasurer of the fund...

Sec. 37.14.530. Use of fund. - (a) The principal of the fund and any capital gains...

Sec. 37.14.540. Definition. - In AS 37.14.500 - 37.14.540, “fund” means the Alaska heritage...

Article 7. Arctic Winter Games Team Alaska Trust.

Sec. 37.14.600. Arctic Winter Games Team Alaska trust fund established. - (a) The Arctic Winter Games Team Alaska trust fund is...

Sec. 37.14.610. Duties of the commissioner. - The commissioner of revenue has the power and duty to...

Sec. 37.14.620. Transfers from the trust fund. - (a) As soon as practicable after July 1 of each...

Sec. 37.14.630. Use of trust money. - The board of directors of the Arctic Winter Games Team...

Article 8. Alaska Veterans' Memorial Endowment Fund.

Sec. 37.14.700. Alaska veterans' memorial endowment fund established. - (a) The Alaska veterans' memorial endowment fund is established as...

Sec. 37.14.720. Powers and duties of the commissioner of revenue. - In carrying out the investment duties under AS 37.14.700 -...

Sec. 37.14.730. Use of fund. - (a) As soon as practicable after July 1 of each...

Sec. 37.14.740. Definition. - In AS 37.14.700 - 37.14.740, “fund” means the Alaska veterans'...

Article 9. Alaska Higher Education Investment Fund.

Sec. 37.14.750. Alaska higher education investment fund established. - (a) The Alaska higher education investment fund is established as...

Article 10. Mine Reclamation Trust Fund.

Sec. 37.14.800. Mine reclamation trust fund established. - (a) The mine reclamation trust fund is established as a...

Sec. 37.14.810. Powers and duties of the commissioner of revenue. - The commissioner of revenue is a fiduciary to the fund....

Sec. 37.14.820. Use of the mine reclamation trust fund operating account. - (a) The commissioner of natural resources may make expenditures from...

Sec. 37.14.830. Regulations. - The commissioner of natural resources may adopt regulations necessary to...

Sec. 37.14.840. Definition. - Unless the context otherwise requires, in AS 37.14.800 - 37.14.840,...

Chapter 15. Bonding

Article 1. State Bonding Act.

Sec. 37.15.010. Full faith and credit for general obligation bonds. - The full faith, credit, and resources of the state are...

Sec. 37.15.011. Alaska debt retirement fund. - (a) The Alaska debt retirement fund is established as a...

Sec. 37.15.012. Continuing debt service appropriation. - The amounts required annually to pay the principal, interest, and...

Sec. 37.15.015. Notice before election. - (a) Before a general or special election in which a...

Sec. 37.15.020. Manner and amounts of sale. - The state bond committee shall sell the bonds of each...

Sec. 37.15.030. Interest rate and maturity. - Each issue or series of bonds must bear interest at...

Sec. 37.15.040. Sale of bonds. - Before selling an issue or series of bonds, the state...

Sec. 37.15.050. Redemption. - The state bond committee may determine whether the bonds are...

Sec. 37.15.060. Form and registration of bonds. - An issue or series of bonds may be issued in...

Sec. 37.15.070. Place of payment. - The state bond committee may fix the place or places...

Sec. 37.15.080. Signatures and seal. - (a) Each bond shall be signed on behalf of the...

Sec. 37.15.090. Terms and conditions. - Each issue or series of bonds shall be issued under...

Sec. 37.15.100. Trustee. - If the state bond committee finds it necessary to accomplish...

Sec. 37.15.110. Creation and membership of state bond committee. - There is created a committee known as the “state bond...

Sec. 37.15.120. Regulations. - The state bond committee may adopt regulations for the performance...

Sec. 37.15.130. Officers, records, and proceedings. - The commissioner of commerce, community, and economic development is the...

Sec. 37.15.140. Duties of state bond committee. - The state bond committee shall adopt the resolution and prepare...

Sec. 37.15.150. Committee may employ special services. - If the state bond committee considers it necessary and advisable,...

Sec. 37.15.155. Prohibited bidding on bonds and anticipation notes. - (a) A person who provides financial programming or marketing assistance...

Sec. 37.15.160. Contents of resolution. - The resolution adopted by the state bond committee must (1)...

Sec. 37.15.170. State bond committee to certify annual principal, interest, and reserve requirements. - (a) Before December 1 of each year after bonds are...

Sec. 37.15.180. Remedies of bondholders. - The owner and holder of each bond or the trustee...

Sec. 37.15.190. Negotiability. - General obligation bonds of the state and the coupons attached...

Sec. 37.15.200. Bonds as legal investments. - General obligation bonds of the state are legal investments for...

Sec. 37.15.210. Refunding bonds. - (a) All or a part of the general obligation bonds...

Sec. 37.15.215. Official statements. - To the extent practicable the official statements and other documentation...

Sec. 37.15.220. Short title. - AS 37.15.010 - 37.15.220 may be cited as the State...

Article 2. Toll Bridge Revenue Bonds.

Sec. 37.15.225. Bond authorization. - (a) For purposes of financing a portion of the costs...

Sec. 37.15.230. Knik Arm construction fund. - (a) The Knik Arm construction fund is established in the...

Sec. 37.15.235. Toll bridge revenue bond limit. - The total unpaid principal amount of revenue bonds issued under...

Sec. 37.15.240. Toll bridge revenue fund. - (a) The toll bridge revenue fund is established as a...

Sec. 37.15.245. Toll bridge revenue bond redemption fund. - (a) The toll bridge revenue bond redemption fund is established...

Sec. 37.15.250. Bond terms. - (a) The bonds may be issued and sold at public...

Sec. 37.15.255. Bond resolution. - The committee shall authorize the issuance of bonds by adopting...

Sec. 37.15.260. Bond reserve fund. - (a) The resolution authorizing the issuance of the bonds under...

Sec. 37.15.265. Enforcement by bond owner. - The holder of any bonds or the trustee for the...

Sec. 37.15.270. Amounts required for payments. - The committee shall, before June 30 of each year or...

Sec. 37.15.275. Refunding. - (a) The committee may refund the bonds or any part...

Sec. 37.15.280. Bonds as legal investments. - The bonds are legal investments for all banks, trust companies,...

Sec. 37.15.285. Statutory construction. - AS 37.15.225 - 37.15.290 shall be liberally construed in order...

Sec. 37.15.290. Definitions. - In AS 37.15.225 - 37.15.290, (1) “authority” means (A) the...

Article 3. Bond Anticipation Notes.

Sec. 37.15.300. Borrowing in anticipation of sale of bonds permitted. - When the state bond committee considers it in the best...

Sec. 37.15.310. Issuance of notes. - The state bond committee shall issue notes for the amounts...

Sec. 37.15.330. Repayment of notes. - Every note shall be payable from the proceeds of the...

Sec. 37.15.340. Security for repayment of general obligation bonds. - Notes issued in anticipation of the sale of general obligation...

Sec. 37.15.350. Security for repayment of revenue bonds. - Notes issued in anticipation of the sale of revenue bonds...

Sec. 37.15.360. Limitation on issuance of notes. - The total amount of such notes issued and outstanding shall...

Sec. 37.15.370. Use of proceeds from sale of notes. - The proceeds from the sale of the notes shall be...

Sec. 37.15.380. Sale of notes. - Notes issued under this chapter shall be sold by the...

Sec. 37.15.390. Execution of notes. - Notes for money borrowed in anticipation of receipts from the...

Article 4. International Airports Revenue Bonds.

Sec. 37.15.410. Bond authorization. - For the purpose of providing part or all of the...

Sec. 37.15.415. Continuing revenue bond debt service appropriation. - The amounts required annually to pay the principal, interest, and...

Sec. 37.15.420. International airports construction fund. - (a) There is established the “International Airports Construction Fund,” into...

Sec. 37.15.430. International airports revenue fund. - (a) There is established an enterprise fund known as the...

Sec. 37.15.440. International airports revenue bond redemption fund. - There is another special fund of the state, known as...

Sec. 37.15.450. Bond terms. - (a) The bonds may be sold at public or private...

Sec. 37.15.460. Bond resolution. - The committee shall adopt the bond resolution and prepare all...

Sec. 37.15.470. Enforcement by holder. - The holder of any bonds or the trustee for the...

Sec. 37.15.480. Amounts required for payments. - The committee shall, before December 31 of each year, commencing...

Sec. 37.15.490. Bond negotiability. - The bonds and the coupons attached to them are fully...

Sec. 37.15.500. Airport charges. - As provided in AS 02.15.090(a), the commissioner of transportation and...

Sec. 37.15.510. State improvements to airports. - The state is authorized to acquire, equip, construct, and install...

Sec. 37.15.520. Refunding. - (a) The bonds or any part of them may be...

Sec. 37.15.530. Bonds as legal investments. - The bonds are legal investments for all banks, trust companies,...

Sec. 37.15.540. Statutory construction. - AS 37.15.410 - 37.15.550 shall be liberally construed in order...

Sec. 37.15.550. Definitions. - In AS 37.15.410 - 37.15.550, unless the context otherwise requires,...

Article 5. Alaska Clean Water Fund and Drinking Water Fund Bonds.

Sec. 37.15.560. Bond authorization. - (a) For purposes of providing part of the money to...

Sec. 37.15.565. Bond redemption funds. - (a) There are established special funds of the state, known...

Sec. 37.15.570. Bond terms. - (a) The bonds may be issued and sold at public...

Sec. 37.15.573. Bond resolution. - The committee shall authorize the issuance of bonds by adopting...

Sec. 37.15.575. State aid intercept. - If a municipality is in default on the payment of...

Sec. 37.15.580. Pledge of the state. - The state pledges to and agrees with the holders of...

Sec. 37.15.583. Enforcement by bond owner. - (a) The owner or owners of not less than 10...

Sec. 37.15.585. Amounts required for payments. - The committee shall, before June 30 of each year or...

Sec. 37.15.587. Purposes and sufficiency of revenue. - The proceeds of bonds may be used for the purposes...

Sec. 37.15.590. Refunding. - (a) The committee may refund the bonds or any part...

Sec. 37.15.595. Bonds as legal investments. - The bonds are legal investments for all banks, trust companies,...

Sec. 37.15.600. Statutory construction. - AS 37.15.560 - 37.15.605 shall be liberally construed in order...

Sec. 37.15.603. Regulations. - The committee may adopt regulations necessary to implement the provisions...

Sec. 37.15.605. Definitions. - In AS 37.15.560 - 37.15.605, (1) “bond redemption funds” means...

Article 6. Toll Facilities Revenue Bonds.

Sec. 37.15.610. Bond authorization. - For the purpose of providing part or all of the...

Sec. 37.15.620. Construction fund. - (a) The toll facilities construction fund is established for deposit...

Sec. 37.15.630. Revenue fund. - (a) The toll facilities revenue fund is established and shall...

Sec. 37.15.640. Bond redemption fund. - The toll facilities revenue bond redemption fund is established for...

Sec. 37.15.650. Bond terms. - (a) The toll facilities bonds are sold in the amounts...

Sec. 37.15.660. Bond resolution. - The committee is authorized and directed to adopt the bond...

Sec. 37.15.670. Enforcement by holder. - The holder of any bonds or the trustee for the...

Sec. 37.15.680. Amounts required for payments. - The committee shall, before December 31 of each year, commencing...

Sec. 37.15.690. Bond negotiability. - The bonds and the coupons attached to them are fully...

Sec. 37.15.700. Refunding. - (a) The bonds or any part of them may be...

Sec. 37.15.710. Bonds as legal investments. - Toll facilities bonds are legal investments for all banks, trust...

Sec. 37.15.720. State toll facilities. - The state is authorized to acquire, construct, equip, and maintain...

Sec. 37.15.730. Review of toll facility projects. - A toll facility may be financed under AS 37.15.610 -...

Sec. 37.15.740. Toll facility charges. - The commissioner of transportation and public facilities shall fix and...

Sec. 37.15.750. Statutory construction. - AS 37.15.610 - 37.15.760 shall be liberally construed in order...

Sec. 37.15.760. Definitions. - In AS 37.15.610 - 37.15.760, unless the context requires otherwise,...

Article 7. Private Activity Bonds.

Sec. 37.15.800. Tax-exempt bonds and tax credits. - (a) As authorized under 26 U.S.C. 146(e), the state bond...

Article 8. Pension Obligation Bonds.

Sec. 37.15.900. Bond authorization. - (a) For purposes of financing prepayment of all or a...

Sec. 37.15.903. Pension obligation bond limit. - The total unpaid principal amount of bonds, including refunding bonds,...

Sec. 37.15.905. Bond redemption fund. - (a) There is established a special fund of the state,...

Sec. 37.15.910. Bond terms. - (a) The bonds may be issued and sold at public...

Sec. 37.15.915. Bond resolution. - The committee shall authorize the issuance of bonds by adopting...

Sec. 37.15.920. Enforcement by bond owner. - (a) The owner or owners of not less than 10...

Sec. 37.15.925. Amounts required for payments. - The committee shall, before June 30 of each year or...

Sec. 37.15.930. Purposes and sufficiency of revenue. - The proceeds of bonds may be used for the purposes...

Sec. 37.15.935. Refunding. - (a) The committee may refund the bonds or any part...

Sec. 37.15.940. Bonds as legal investments. - The bonds are legal investments for all banks, trust companies,...

Sec. 37.15.945. Statutory construction. - AS 37.15.900 - 37.15.955 shall be liberally construed to carry...

Sec. 37.15.950. Regulations. - The committee may adopt regulations necessary to implement the provisions...

Sec. 37.15.955. Definitions. - In AS 37.15.900 - 37.15.955, (1) “bond redemption fund” means...

Chapter 16. Alaska Pension Obligation Bond Corporation

Sec. 37.16.010. Alaska Pension Obligation Bond Corporation. - There is established the Alaska Pension Obligation Bond Corporation. The...

Sec. 37.16.020. Board of directors. - The directors of the corporation are the commissioner of commerce,...

Sec. 37.16.030. Bond authorization. - (a) For purposes of financing prepayment of all or a...

Sec. 37.16.040. Reserve fund. - (a) The corporation may establish and maintain a special fund...

Sec. 37.16.050. Bond terms. - (a) The bonds may be issued and sold at public...

Sec. 37.16.060. Bond resolution. - The corporation shall authorize the issuance of bonds by adopting...

Sec. 37.16.070. Enforcement by bond owner. - (a) The owner or owners of not less than 10...

Sec. 37.16.080. Purposes and sufficiency of revenue. - The proceeds of bonds may be used for the purposes...

Sec. 37.16.090. Refunding. - (a) The corporation may refund the bonds or any part...

Sec. 37.16.100. Bonds as legal investments. - The bonds are legal investments for all banks, trust companies,...

Sec. 37.16.110. Debt service repayment contracts. - The corporation shall enter into contracts with governmental employers for...

Sec. 37.16.800. Statutory construction. - This chapter shall be liberally construed to carry out the...

Sec. 37.16.810. Regulations. - The corporation may adopt regulations necessary to implement the provisions...

Sec. 37.16.900. Definitions. - In this chapter, (1) “bond resolution” means the resolution or...

Chapter 18. Alaska Tax Credit Certificate Bond Corporation

Sec. 37.18.010. Alaska Tax Credit Certificate Bond Corporation. - The Alaska Tax Credit Certificate Bond Corporation is established in...

Sec. 37.18.020. Board of directors. - The directors of the corporation are the commissioner of commerce,...

Sec. 37.18.030. Bond authorization; powers of the corporation. - (a) The issuance and sale of bonds by the corporation...

Sec. 37.18.040. Reserve fund. - (a) The corporation may establish and maintain a special fund...

Sec. 37.18.050. Bond terms. - (a) The bonds may be issued and sold at public...

Sec. 37.18.060. Bond resolution. - The corporation shall authorize the issuance of bonds by adopting...

Sec. 37.18.070. Enforcement by bond owner. - (a) The owner or owners of not less than 10...

Sec. 37.18.080. Purposes; limitation on issuance. - The proceeds of bonds may be used for the purposes...

Sec. 37.18.090. Refunding. - (a) The corporation may refund the bonds or any part...

Sec. 37.18.100. Bonds as legal investments. - The bonds are legal investments for all banks, trust companies,...

Sec. 37.18.110. Limitation on judicial action. - A person may not bring a judicial action to contest...

Sec. 37.18.170. Statutory construction. - This chapter shall be liberally construed to carry out the...

Sec. 37.18.180. Regulations. - The corporation may adopt regulations necessary to implement the provisions...

Sec. 37.18.190. Definitions. - In this chapter, (1) “bond resolution” means the resolution or...

Chapter 20. Acceptance of Federal Funds

Sec. 37.20.010. Acceptance of federal grants and transfers of property. - The governor is authorized to accept on behalf of the...

Sec. 37.20.030. Jurisdiction of accepted property. - (a) All chattels accepted under the provisions of AS 37.20.010...

Chapter 23. Investment Pools for Public Entities

Sec. 37.23.010. Investment pool participation. - (a) Subject to this chapter, a public entity may enter...

Sec. 37.23.020. Authorized investments. - An investment pool may invest only in securities that have...

Sec. 37.23.030. Collateralization. - Investment in certificates of deposit under AS 37.23.020(6) and the...

Sec. 37.23.035. Securities lending. - Securities held by an investment pool may be loaned if...

Sec. 37.23.040. Portfolio restrictions. - The portfolio of an investment pool under this chapter may...

Sec. 37.23.050. Investment management. - The public entities participating in an investment pool under this...

Sec. 37.23.060. Investment responsibilities. - The management and investment of assets by investment pools shall...

Sec. 37.23.070. Reports; disclosure statement. - (a) The manager of an investment pool shall provide to...

Sec. 37.23.080. Annual audit. - By September 30 of each year, the manager of an...

Sec. 37.23.090. Limitation of liability. - The state, except when providing investment management and related services...

Sec. 37.23.900. Definition of “public entity.” - In this chapter, “public entity” means a political subdivision of...

Chapter 25. Appropriations

Sec. 37.25.010. Unexpended balances of one-year appropriations. - (a) The unexpended balance of a one-year appropriation authorized in...

Sec. 37.25.020. Unexpended balances of appropriation for capital projects. - An appropriation made for a capital project is valid for...

Sec. 37.25.050. Methods of disbursement. - (a) Except as provided in (b) of this section, unless...

Chapter 30. Local Government Bonding

Sec. 37.30.100. Prohibited bidding on bonds. - (a) A person who provides financial programming or marketing assistance...

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Alaska Statutes Title 37. Public Finance

Alaska Statutes
Title 37. Public Finance