Section 37.15.903. Pension obligation bond limit.

Latest version.

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 $5,000,000,000.

Authorities

18.56.086;37.15.900;37.16.030;44.85.010;44.85.085;44.85.086;44.85.180

Notes

References

AS 18.56.086 Creation of subsidiaries.
AS 37.15.900 Bond authorization.
AS 37.16.030 Bond authorization.
AS 44.85.010 Legislative policy.
AS 44.85.085 Creation of subsidiary corporation.
AS 44.85.086 Powers of subsidiary corporation.
AS 44.85.180 Issuance of bonds and notes.

History

(Sec. 8 ch 35 SLA 2008)

                    
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