Sec. 37.16.900. Definitions.
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/ak/title-37/chapter-16/37-16-900A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 37.16.900. Definitions.
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 Obligation Bond Corporation created in AS 37.16.010 ;
(4)“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, bonds registrars, bond and escrow trustees, arbitrage rebate, and all other costs, including administrative costs, both direct and indirect;
(5)“reserve fund” means the Alaska Pension Obligation Bond Corporation reserve fund established in AS 37.16.040 .