Section 37.15.955. Definitions.

In AS 37.15.900 - 37.15.955,
        (1) "bond redemption fund" means the pension obligation bond redemption fund established in AS 37.15.905;
        (2) "bond resolution" means a resolution or resolutions adopted by the committee under AS 37.15.915 authorizing the issuance of bonds;
        (3) "bonds" means the pension obligation bonds authorized in AS 37.15.900 - 37.15.955;
        (4) "committee" means the state bond committee created in AS 37.15.110 or any other committee, body, department, or officer of the state that succeeds to the rights, powers, duties, and obligations of the state bond committee by law;
        (5) "costs of issuance and administration" means all costs associated with issuance and administration of pension obligation bonds and refunding bonds, including costs of bond printing, official statements, financial advisors, travel costs, rating agencies, bond insurance, letters and lines of credit for credit enhancement, underwriters, legal services, paying agents, bond registrars, bond and escrow trustees, arbitrage rebate, and all other costs, including administrative costs, both direct and indirect.

Notes

History

(Sec. 8 ch 35 SLA 2008)