In Alaska Stat. § 37.15.900 – 37.15.955,

(1) “bond redemption fund” means the pension obligation bond redemption fund established in Alaska Stat. § 37.15.905;

Terms Used In Alaska Statutes 37.15.955

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(2) “bond resolution” means a resolution or resolutions adopted by the committee under Alaska Stat. § 37.15.915 authorizing the issuance of bonds;
(3) “bonds” means the pension obligation bonds authorized in Alaska Stat. § 37.15.900 – 37.15.955;
(4) “committee” means the state bond committee created in Alaska Stat. § 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.
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