Sec. 37.16.010. Alaska Pension Obligation Bond Corporation.
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Sec. 37.16.010. Alaska Pension Obligation Bond Corporation.
There is established the Alaska Pension Obligation Bond Corporation. The corporation is a public corporation and government instrumentality in the Department of Revenue managed by a board of directors. The purpose of the corporation is to finance prepayment of all or a portion of a governmental employer's share of unfunded accrued actuarial liability of retirement systems.