In this chapter,

(1) “bond resolution” means the resolution or resolutions adopted by the corporation under Alaska Stat. § 37.16.060 authorizing the issuance of bonds;
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Terms Used In Alaska Statutes 37.16.900

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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.
(2) “bonds” means the pension obligation bonds authorized in this chapter;
(3) “corporation” means the Alaska Pension Obligation Bond Corporation created in Alaska Stat. § 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 Alaska Stat. § 37.16.040.
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