Sec. 37.23.070. Reports; disclosure statement.
175 words·~1 min read·
/ak/title-37/chapter-23/37-23-070A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 37.23.070. Reports; disclosure statement.
(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 statement on the management and operation of the pool to each public entity participating in the pool. The disclosure statement must include a copy of the annual audit required under AS 37.23.080 .
(b)A public entity participating in an investment pool that is an organization composed of political subdivisions of the state shall promptly provide a copy of each report or statement received under
(a)of this section to its members who are participating in the investment pool.
(c)The manager of an investment pool shall provide to a prospective participant in the pool copies of monthly reports prepared under
(a)of this section for the past year, and a copy of the most recent disclosure statement prepared under
(a)of this section.