2008-04-03                     Senate Journal                      Page 2618
HB 13                                                                                                                         
SENATE CS FOR CS FOR HOUSE BILL NO. 13(FIN) "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, 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 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 by a state entity for the purpose of prepaying all or a                                                             
portion of the governmental employer's share of the unfunded accrued                                                            
actuarial liabilities of retirement systems, 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 engrossed, signed by the President and Secretary                                                            
and returned to the House for consideration.