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Alaska Statutes, Title 37

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Alaska/Statutes

← All Alaska coverage

Title 37, Public Finance

17 chapters · 393 sections in this title.

All chapters in Title 37393 Ch 15, Bonding.112 Ch 14, Special Funds.69 Ch 05, Fiscal Procedures Act.68 Ch 10, Public Funds.39 Ch 13, Alaska Permanent Fund and Corporation.27 Ch 07, Executive Budget Act.17 Ch 16, Alaska Pension Obligation Bond Corpo…14 Ch 18, Alaska Tax Credit Certificate Bond C…14 Ch 23, Investment Pools for Public Entities.11 Ch 06, Capital Project Matching Grant Programs.6 Ch 17, Alaska BIDCO Assistance Program.5 Ch 25, Appropriations.5 Ch 20, Acceptance of Federal Funds.4 Ch 30, Local Government Bonding.2

393 sections·Filtered byTitle 37✕

AS 37.16.810 Regulations.
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The corporation may adopt regulations necessary to implement the provisions of this chapter.
AS 37.16.900 Definitions.
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In this chapter, (1) bond resolution means the resolution or resolutions adopted by the corporation under AS 37.16.060 authorizing the issuance of bonds; (2) bonds means the pension obligation bonds authorized in this chapter; (3) corporation means the Alaska Pension Obliga…
AS 37.17.010 Secs. 37.17.010 — 37.17.110. Alaska Science and Technology Foundation. [Repealed, § 8 ch 2 SLA 2004.]
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[Repealed or reserved.]
AS 37.17.200 Secs. 37.17.200 — 37.17.390. BIDCO Assistance Program. [Repealed, § 8 ch 2 SLA 2004.]
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[Repealed or reserved.]
AS 37.17.400 Secs. 37.17.400 — 37.17.430. Science and engineering research; science education. [Repealed, § 8 ch 2 SLA 2004.]

Showing 351–393 of 393

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[Repealed or reserved.]

AS 37.17.440 International trade and business endowment. [Repealed, § 8 ch 2 SLA 2004.]

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[Repealed or reserved.]

AS 37.17.500 Secs. 37.17.500 37.17.690. Alaska BIDCO assistance program.

AS 37.18.010 Alaska Tax Credit Certificate Bond Corporation.

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The Alaska Tax Credit Certificate Bond Corporation is established in the Department of Revenue. The corporation is a public corporation and government instrumentality managed by a board of directors. The purpose of the corporation is to finance under AS 43.55.028 (1) the purchase…

AS 37.18.020 Board of directors.

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The directors of the corporation are the commissioner of commerce, community, and economic development, the commissioner of administration, and the commissioner of revenue. If a director is absent or otherwise unable to act, the director's designee in the department shall act as …

AS 37.18.030 Bond authorization; powers of the corporation.

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(a) The issuance and sale of bonds by the corporation is authorized as provided in this section for purposes of financing purchases, refunds, and payments under AS 43.55.028 and the costs of issuance and administration of the bonds. The net proceeds of the sale of the bonds remai…

AS 37.18.040 Reserve fund.

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(a) The corporation may establish and maintain a special fund called the Alaska Tax Credit Certificate Bond Corporation reserve fund. The reserve fund consists of (1) money appropriated to the reserve fund by the legislature for the purpose of the reserve fund in accordance with …

AS 37.18.050 Bond terms.

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(a) The bonds may be issued and sold at public or negotiated sale in the manner, in the amounts or series, and at the time or times that the corporation determines the bonds, or each series of them, shall be sold at the price and on the terms, conditions, and covenants set by the…

AS 37.18.060 Bond resolution.

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The corporation shall authorize the issuance of bonds by adopting a resolution and shall prepare all other documents and proceedings necessary for the issuance, sale, and delivery of the bonds or any part or series of them. The bond resolution must fix the principal amount, denom…

AS 37.18.070 Enforcement by bond owner.

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(a) The owner or owners of not less than 10 percent, or a higher percentage as specified in a bond resolution, of the aggregate principal amount of any series or issue of bonds or the trustee for the owners of the bonds or any series of them may, by appropriate proceedings in sta…

AS 37.18.080 Purposes; limitation on issuance.

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The proceeds of bonds may be used for the purposes described in AS 37.18.030, as appropriate. Bonds may not be issued unless the corporation first finds that the discount rate under AS 43.55.028(m) exceeds the true interest cost to be paid on the bonds by at least 1.5 percent ann…

AS 37.18.090 Refunding.

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(a) The corporation may refund the bonds or any part of them at or before their maturities or redemption dates by the issuance of refunding bonds of the corporation if, in the opinion of the corporation, refunding is advantageous to and in the best interest of the corporation, th…

AS 37.18.100 Bonds as legal investments.

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The bonds are legal investments for all banks, trust companies, savings banks, savings and loan associations, and other persons carrying on a banking business, all insurance companies and other persons carrying on an insurance business, and all executors, administrators, trustees…

AS 37.18.110 Limitation on judicial action.

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A person may not bring a judicial action to contest the constitutionality or validity of this chapter or the constitutionality or validity of a bond issued and sold under this chapter unless the action is commenced in a court of the state of competent jurisdiction within 45 days …

AS 37.18.170 Statutory construction.

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This chapter shall be liberally construed to carry out the purposes for which it was enacted.

AS 37.18.180 Regulations.

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The corporation may adopt regulations necessary to implement the provisions of this chapter.

AS 37.18.190 Definitions.

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In this chapter, (1) bond resolution means the resolution or resolutions adopted by the corporation under AS 37.18.060 authorizing the issuance of bonds; (2) bonds means the bonds authorized in this chapter; (3) corporation means the Alaska Tax Credit Certificate Bond Corpo…

AS 37.20.010 Acceptance of federal grants and transfers of property.

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The governor is authorized to accept on behalf of the state all federal grants and transfers of property of an emergency, transitional, or omnibus nature upon conditions imposed by the federal government.

AS 37.20.020 Federal Transitional Grants Account. [Repealed, § 12 ch 42 SLA 1997.]

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[Repealed or reserved.]

AS 37.20.030 Jurisdiction of accepted property.

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(a) All chattels accepted under the provisions of AS 37.20.010 are subject to the jurisdiction of the Department of Administration for distribution to the appropriate department. (b) All land accepted under the provisions of AS 37.20.010 is subject to the jurisdiction of the Depa…

AS 37.20.040 Alaska Native Fund. [Repealed, § 64 ch 14 SLA 1987.]

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[Repealed or reserved.]

AS 37.23.010 Investment pool participation.

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(a) Subject to this chapter, a public entity may enter into an agreement with other public entities to form and manage an investment pool under which funds of the participating public entities are administered and invested jointly. A public entity, by itself or with other public …

AS 37.23.020 Authorized investments.

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An investment pool may invest only in securities that have a final maturity date within 13 months after the date of purchase, except that floating rate securities with a final maturity date that is longer than 13 months may be purchased if they are subject to at least an annual r…

AS 37.23.030 Collateralization.

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Investment in certificates of deposit under AS 37.23.020(6) and the entire amount of principal and interest payable upon maturity of the certificates must be collateralized by a combination of securities that are marked to market at least monthly and have maturity dates that do n…

AS 37.23.035 Securities lending.

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Securities held by an investment pool may be loaned if the securities are fully collateralized and the collateral is, for safekeeping, in the possession of a person who is independent of the borrowers. The collateral must meet institutional and prudent investor standards. All poo…

AS 37.23.040 Portfolio restrictions.

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The portfolio of an investment pool under this chapter may not contain (1) more than five percent of total investments in securities of one issuer unless the securities are an obligation of or guaranteed by the United States; or (2) transactions in futures, options, derivative se…

AS 37.23.050 Investment management.

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The public entities participating in an investment pool under this chapter shall provide for management of investments in the pool by contracting for investment management and related services with (1) a securities broker-dealer registered under AS 45.56.300 and under 15 U.S.C. 7…

AS 37.23.060 Investment responsibilities.

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The management and investment of assets by investment pools shall be done with the care, skill, prudence, and diligence under the circumstances then prevailing that an institutional investor would use in the conduct of an enterprise of a like character and with like aims.

AS 37.23.070 Reports; disclosure statement.

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(a) The manager of an investment pool shall provide to the participating public entities a monthly report on the allocation of income of investments of the pool and describing activities of the pool. At least annually, the manager of an investment pool shall provide a disclosure …

AS 37.23.080 Annual audit.

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By September 30 of each year, the manager of an investment pool shall submit to the participating public entities an audit of the pool's investments as of June 30 of that year. The audit must be performed by a certified public accountant licensed under AS 08.04 who is not (1) an …

AS 37.23.090 Limitation of liability.

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The state, except when providing investment management and related services under AS 37.23.050(3), and participating public entities are not liable for any acts or omissions of an investment manager with whom the participating entities have contracted for investment management an…

AS 37.23.900 Definition of public entity.

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In this chapter, public entity means a political subdivision of the state, including a municipality and its subdivisions, a school district, a regional educational attendance area, or an organization composed of political subdivisions of the state.

AS 37.25.010 Unexpended balances of one-year appropriations.

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(a) The unexpended balance of a one-year appropriation authorized in an appropriation bill lapses on June 30 of the fiscal year for which appropriated. However, a valid obligation (encumbrance) existing on June 30 is automatically reappropriated for the fiscal year beginning on t…

AS 37.25.020 Unexpended balances of appropriation for capital projects.

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An appropriation made for a capital project is valid for the life of the project, and the unexpended balance shall be carried forward to subsequent fiscal years if substantial, ongoing work on the project has begun within five years after the effective date of the appropriation. …

AS 37.25.030 Appropriations for projects of the Alaska energy center. [Repealed, § 65 ch 14 SLA 1987.]

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[Repealed or reserved.]

AS 37.25.040 [Renumbered as AS 37.05.530.]

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[Repealed or reserved.]

AS 37.25.050 Methods of disbursement.

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(a) Except as provided in (b) of this section, unless federal law requires otherwise, a state agency may not disburse money unless the disbursement is made (1) by an electronic funds transfer to an account in a financial institution; or (2) from an account established by the stat…

AS 37.30.010 Secs. 37.30.010 — 37.30.090. Anticipatory borrowing. [Repealed, § 1 ch 118 SLA 1972.]

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[Repealed or reserved.]

AS 37.30.100 Prohibited bidding on bonds.

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(a) A person who provides financial programming or marketing assistance to a political subdivision of the state, whether home rule or otherwise, in connection with the issuance or sale of general obligation bonds, revenue bonds, or bond anticipation notes of the political subdivi…