Section 37.15.930. Purposes and sufficiency of revenue.

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The proceeds of bonds may be used for the purposes described in AS 37.15.900(a), as appropriate. Bonds may not be issued unless the committee first finds that the actuarially assumed rate of return on the funds managed by the Alaska Retirement Management Board is projected to exceed the true interest cost to be paid on the bonds by at least 1.5 percent annually.

Notes

History

(Sec. 8 ch 35 SLA 2008)

                    
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