2007-04-27                     Senate Journal                      Page 0960
HB 13                                                                                                                         
CS FOR HOUSE BILL NO. 13(FIN) BY THE HOUSE FINANCE                                                                              
COMMITTEE, entitled:                                                                                                            
                                                                                                                                
"An Act relating to prepayments of accrued actuarial liabilities of                                                             
government retirement systems; relating to the Alaska Municipal Bond                                                            
Bank Authority, the Alaska Housing Finance Corporation, and the                                                                 
state bond committee; establishing the Alaska Pension Obligation                                                                
Bond Corporation; permitting the Alaska Municipal Bond Bank                                                                     
Authority or a subsidiary of the authority, a subsidiary of the Alaska                                                          
Housing Finance Corporation, the state bond committee, and the                                                                  
Alaska Pension Obligation Bond Corporation to assist state and                                                                  
municipal governmental employers by issuing bonds, notes,                                                                       

2007-04-27                     Senate Journal                      Page 0961
commercial paper, or other obligations to enable the governmental                                                               
employers to prepay all or a portion of the governmental employers'                                                             
shares of the unfunded accrued actuarial liabilities of retirement                                                              
systems; authorizing a governmental employer to issue obligations to                                                            
prepay all or a portion of the governmental employer's shares of the                                                            
unfunded accrued actuarial liabilities of retirement systems and to                                                             
enter into a lease or other contractual agreement with a trustee, the                                                           
Alaska Municipal Bond Bank Authority or a subsidiary of the                                                                     
authority, a subsidiary of the Alaska Housing Finance Corporation, the                                                          
state bond committee, or the Alaska Pension Obligation Bond                                                                     
Corporation in connection with the issuance of obligations for that                                                             
purpose, and relating to those obligations; relating to revision of the                                                         
employer contribution rate in connection with financed prepayment of                                                            
unfunded accrued actuarial liabilities of government retirement                                                                 
systems; and providing for an effective date."                                                                                  
                                                                                                                                
was read the first time and referred to the Finance Committee.