reglab/housing_qa huggingface dataset:
AK Stat § 37.18.090 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 18. Alaska Tax Credit Certificate Bond Corporation|Sec. 37.18.090. Refunding.

(a) The corporation may refund the bonds or any part of them at or before their maturities or redemption dates by the issuance of refunding bonds of the corporation if, in the opinion of the corporation, refunding is advantageous to and in the best interest of the corporation, the state, and the state's inhabitants. (b) The issuance of refunding bonds need not be authorized by the legislature or ratified by qualified voters of the state, as required by art. IX, sec. 8, Constitution of the State of Alaska. The corporation shall adopt the resolution or resolutions and prepare all other documents and proceedings necessary for the issuance, exchange or sale, and delivery of the refunding bonds. All provisions of this chapter are applicable to the refunding bonds and to the issuance, sale, or exchange of them, except as otherwise provided in this section. (c) Refunding bonds may be issued in a principal amount sufficient to provide money for the advance or current refunding of all bonds to be refunded and interest on the refunded bonds and, in addition, for the payment of all costs of issuance and administration of the refunding bonds. Those expenses also include the difference in amount between the par value of the refunding bonds and any amount less than par for which the refunding bonds are sold; the premium, if any, necessary to be paid to call or retire the outstanding bonds and the interest accruing on them to the date of the call or retirement; and other of those costs. (d) The corporation may contract with a refunding trustee to hold the proceeds of refunding bonds in trust until the proceeds, together with earnings on the proceeds, are applied to pay the principal of, premium, if any, and interest on the bonds to be refunded. Until the refunding bond proceeds are applied, the proceeds may be invested in direct obligations of, or obligations guaranteed by, the United States or an agency or corporation of the United States whose obligations constitute direct obligations of, or obligations guaranteed by, the United States, or other obligations specified in a bond resolution. (e) The corporation is authorized to incur expenses to carry out this section.
AK Stat § 37.18.100 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 18. Alaska Tax Credit Certificate Bond Corporation|Sec. 37.18.100. Bonds as legal investments.

The bonds are legal investments for all banks, trust companies, savings banks, savings and loan associations, and other persons carrying on a banking business, all insurance companies and other persons carrying on an insurance business, and all executors, administrators, trustees, and other fiduciaries. The bonds may be accepted as security for deposits of all money of the state and its political subdivisions.
AK Stat § 37.18.110 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 18. Alaska Tax Credit Certificate Bond Corporation|Sec. 37.18.110. Limitation on judicial action.

A person may not bring a judicial action to contest the constitutionality or validity of this chapter or the constitutionality or validity of a bond issued and sold under this chapter unless the action is commenced in a court of the state of competent jurisdiction within 45 days after the corporation adopts a resolution under AS 37.18.060 authorizing the issuance of bonds. A person that fails to commence an action in the time provided under this section is barred from commencing an action to contest the constitutionality or validity of a bond issued and sold under this chapter.
AK Stat § 37.18.170 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 18. Alaska Tax Credit Certificate Bond Corporation|Sec. 37.18.170. Statutory construction.

This chapter shall be liberally construed to carry out the purposes for which it was enacted.
AK Stat § 37.18.180 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 18. Alaska Tax Credit Certificate Bond Corporation|Sec. 37.18.180. Regulations.

The corporation may adopt regulations necessary to implement the provisions of this chapter.
AK Stat § 37.18.190 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 18. Alaska Tax Credit Certificate Bond Corporation|Sec. 37.18.190. Definitions.

In this chapter, (1) “bond resolution” means the resolution or resolutions adopted by the corporation under AS 37.18.060 authorizing the issuance of bonds; (2) “bonds” means the bonds authorized in this chapter; (3) “corporation” means the Alaska Tax Credit Certificate Bond Corporation created in AS 37.18.010; (4) “costs of issuance and administration” means all costs associated with issuance and administration of 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, remarketing agents, legal services, paying agents, bonds registrars, bond and escrow trustees, arbitrage rebate, administrative costs, both direct and indirect, and all other costs; (5) “reserve fund” means the Alaska Tax Credit Certificate Bond Corporation reserve fund established in AS 37.18.040.
AK Stat § 37.20.010 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 20. Acceptance of Federal Funds|Sec. 37.20.010. Acceptance of federal grants and transfers of property.

The governor is authorized to accept on behalf of the state all federal grants and transfers of property of an emergency, transitional, or omnibus nature upon conditions imposed by the federal government.
AK Stat § 37.20.030 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 20. Acceptance of Federal Funds|Sec. 37.20.030. Jurisdiction of accepted property.

(a) All chattels accepted under the provisions of AS 37.20.010 are subject to the jurisdiction of the Department of Administration for distribution to the appropriate department. (b) All land accepted under the provisions of AS 37.20.010 is subject to the jurisdiction of the Department of Natural Resources. (c) All public buildings accepted under the provisions of AS 37.20.010 are subject to the jurisdiction of the Department of Transportation and Public Facilities.
AK Stat § 37.23.010 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.010. Investment pool participation.

(a) Subject to this chapter, a public entity may enter into an agreement with other public entities to form and manage an investment pool under which funds of the participating public entities are administered and invested jointly. A public entity, by itself or with other public entities, may form a nonprofit corporation for the purpose of managing an investment pool. (b) A public entity participating in an investment pool or a nonprofit corporation formed under (a) of this section may spend money reasonably necessary for the management of the pool, including the employment of staff. Income from investments of the pool may be used for management costs. (c) The registration requirements of AS 45.56 do not apply to an investment pool formed under this chapter or to participating public entities with respect to activities of the pool.
AK Stat § 37.23.020 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.020. Authorized investments.

An investment pool may invest only in securities that have a final maturity date within 13 months after the date of purchase, except that floating rate securities with a final maturity date that is longer than 13 months may be purchased if they are subject to at least an annual reset. Investments may only include (1) obligations of the United States and of an agency or instrumentality of the United States; (2) repurchase and reverse repurchase agreements secured by the Treasury of the United States and obligations of an agency or instrumentality of the United States; (3) certificates of deposit, bankers acceptances, and other similar obligations of a bank domiciled in the United States that has (A) outstanding debt rated A or higher by at least one of the nationally recognized rating services, including dollar-denominated obligations issued by a United States branch of a foreign bank if the debt of the parent is rated A or higher; and (B) a combined capital and surplus aggregating at least $500,000,000; (4) commercial paper and other short-term taxable instruments that, at the time of investment, maintain the highest rating by at least two nationally recognized rating services; (5) obligations of a corporation domiciled in the United States or obligations of a municipality that are taxable under federal law if the obligations are rated A or higher by at least two nationally recognized rating services at the time of investment; (6) certificates of deposit that are issued by a state or federally chartered financial institution that is a commercial or mutual bank, savings and loan association, or credit union and if the institution's accounts are insured through the appropriate federal insuring agency of the United States, regardless of whether the institution meets the requirements of (3) of this section; (7) money market funds in which the securities of the fund consist of obligations listed in this section and otherwise meet the requirements of this chapter; (8) other cash equivalent investments with a maturity date of one year or less after date of the investment that are of similar quality to those listed in (1) - (7) of this section, are rated A or higher by at least one of the nationally recognized rating services, and are approved by the public entities participating in that investment pool.
AK Stat § 37.23.030 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.030. Collateralization.

Investment in certificates of deposit under AS 37.23.020(6) and the entire amount of principal and interest payable upon maturity of the certificates must be collateralized by a combination of securities that are marked to market at least monthly and have maturity dates that do not exceed five years. Only the following securities may serve as collateral: (1) obligations of the United States with a maturity date of five years or less after the date of the pool's investment transaction, and with a market value of at least 102 percent; (2) securities in United States agencies or instrumentalities that are actively traded, other than mortgage pass-through securities, with a maturity date of (A) one year or less after the date of the pool's investment transaction, and with a market value of at least 103 percent; (B) more than one year and less than five years after the date of the pool's investment transaction, and with a market value of at least 107 percent; (3) mortgage pass-through securities issued by the Government National Mortgage Association with a market value of at least 120 percent; (4) obligations of the state or its political subdivisions secured by the full faith, credit, and taxing power of the state or its political subdivisions, rated A or higher by at least one of the nationally recognized rating services, with a maturity date of (A) one year or less after the date of the pool's investment transaction, and with a market value of at least 102 percent; (B) more than one and less than five years after the date of the pool's investment transaction, and with a market value of at least 107 percent.
AK Stat § 37.23.035 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.035. Securities lending.

Securities held by an investment pool may be loaned if the securities are fully collateralized and the collateral is, for safekeeping, in the possession of a person who is independent of the borrowers. The collateral must meet institutional and prudent investor standards. All pool proceeds from securities lending must inure to the benefit of investment pool participants.
AK Stat § 37.23.040 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.040. Portfolio restrictions.

The portfolio of an investment pool under this chapter may not contain (1) more than five percent of total investments in securities of one issuer unless the securities are an obligation of or guaranteed by the United States; or (2) transactions in futures, options, derivative securities, or short sales.
AK Stat § 37.23.050 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.050. Investment management.

The public entities participating in an investment pool under this chapter shall provide for management of investments in the pool by contracting for investment management and related services with (1) a securities broker-dealer registered under AS 45.56.300 and under 15 U.S.C. 78o (Securities Exchange Act of 1934); (2) an investment adviser registered under AS 45.56.340 or a federal covered investment adviser that has made a notice filing under AS 45.56.360(c); (3) the Department of Revenue; or (4) a financial institution that is a state or federally chartered commercial or mutual bank, savings and loan association, or credit union if the institution's accounts are insured through the appropriate federal insuring agency of the United States and if the institution has trust powers under state or federal law.
AK Stat § 37.23.060 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.060. Investment responsibilities.

The management and investment of assets by investment pools shall be done with the care, skill, prudence, and diligence under the circumstances then prevailing that an institutional investor would use in the conduct of an enterprise of a like character and with like aims.
AK Stat § 37.23.070 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|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.
AK Stat § 37.23.080 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.080. Annual audit.

By September 30 of each year, the manager of an investment pool shall submit to the participating public entities an audit of the pool's investments as of June 30 of that year. The audit must be performed by a certified public accountant licensed under AS 08.04 who is not (1) an employee of a public entity participating in the investment pool; or (2) a contractor or an employee of a contractor who performed investment services for the investment pool.
AK Stat § 37.23.090 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.090. Limitation of liability.

The state, except when providing investment management and related services under AS 37.23.050(3), and participating public entities are not liable for any acts or omissions of an investment manager with whom the participating entities have contracted for investment management and related services under AS 37.23.050.
AK Stat § 37.23.900 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 23. Investment Pools for Public Entities|Sec. 37.23.900. Definition of “public entity.”

In this chapter, “public entity” means a political subdivision of the state, including a municipality and its subdivisions, a school district, a regional educational attendance area, or an organization composed of political subdivisions of the state.
AK Stat § 37.25.010 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 25. Appropriations|Sec. 37.25.010. Unexpended balances of one-year appropriations.

(a) The unexpended balance of a one-year appropriation authorized in an appropriation bill lapses on June 30 of the fiscal year for which appropriated. However, a valid obligation (encumbrance) existing on June 30 is automatically reappropriated for the fiscal year beginning on the succeeding July 1 if it is recorded with the Department of Administration by August 31 of the succeeding fiscal year. (b) A valid approved claim arising from a prior year for which the appropriation has lapsed shall be paid from the current year's appropriations if this claim does not exceed the balance lapsed. (c) University receipts received on or before June 30 of a fiscal year in excess of the amount expended for that year may be expended in the succeeding fiscal year if an appropriation of university receipts has been made for the succeeding fiscal year. The amount of university receipts expended in a fiscal year may not exceed the amount of university receipts appropriated for that year. (d) The University of Alaska shall, in the report required under AS 14.40.190(a), report the amount of university receipts received in one year and expended in the succeeding fiscal year. (e) In this section, “university receipts” has the meaning given in AS 14.40.491.
AK Stat § 37.25.020 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 25. Appropriations|Sec. 37.25.020. Unexpended balances of appropriation for capital projects.

An appropriation made for a capital project is valid for the life of the project, and the unexpended balance shall be carried forward to subsequent fiscal years if substantial, ongoing work on the project has begun within five years after the effective date of the appropriation. Between July 1 and August 31 of each fiscal year, a statement supporting the amount of the unexpended balance required to complete the projects for which the initial appropriation was made and the amount that may be lapsed shall be recorded with the Department of Administration. The office of management and budget, in coordination with the Department of Administration, shall deliver to the house and senate finance committees a report of unexpended balances of appropriations for capital projects not later than the 15th day of each regular session of the legislature.
AK Stat § 37.25.050 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 25. Appropriations|Sec. 37.25.050. Methods of disbursement.

(a) Except as provided in (b) of this section, unless federal law requires otherwise, a state agency may not disburse money unless the disbursement is made (1) by an electronic funds transfer to an account in a financial institution; or (2) from an account established by the state agency by contract with a financial institution under which a person uses an electronic payment card issued by the financial institution to access the money. (b) A state agency is not required to use the disbursement methods described in (a) of the section if (1) another state law or federal law requires that disbursement be made by another disbursement method; (2) use of the disbursement methods would cause substantial hardship to the recipient of the disbursement; (3) not more than five disbursements will be made to a recipient, or, on average, to each recipient entitled to disbursement under the program for which the disbursements are made; (4) a vendor or grantee elects not to be paid by the disbursement methods; (5) the disbursement is to a state employee and (A) is the only disbursement that the state agency will make to the employee for the employment; or (B) it is in the best interests of the state agency or the employee to use another disbursement method to pay the employee; or (6) use of another disbursement method is in the best interests of the state agency. (c) The commissioner of administration shall adopt regulations to implement (b) of this section. (d) A state agency is not liable to pay a fee imposed by a recipient's financial institution for a disbursement made under (a) of this section. (e) In this section, (1) “disbursement” includes wages and other employment benefits; (2) “state agency” means a department, institution, board, commission, division, authority, public corporation, committee, or other administrative unit of the executive branch of state government, including the University of Alaska.
AK Stat § 37.30.100 (2021)
2021 Alaska Statutes|Title 37. Public Finance|Chapter 30. Local Government Bonding|Sec. 37.30.100. Prohibited bidding on bonds.

(a) A person who provides financial programming or marketing assistance to a political subdivision of the state, whether home rule or otherwise, in connection with the issuance or sale of general obligation bonds, revenue bonds, or bond anticipation notes of the political subdivision may not bid on the bonds or notes if offered at public sale, or negotiate for their purchase if sold at private sale. (b) The sale of general obligation, revenue bonds, or bond anticipation notes of a political subdivision to a person prohibited from bidding on, or negotiating for the sale of bonds or notes under (a) of this section is against public policy and the sale is void. (c) In this section “person” means an individual, firm, agent, factor, intermediary, partnership, corporation, association, bond house, stockbroker, or bond broker.
AK Stat § 38.06.010 (2021)
2021 Alaska Statutes|Title 38. Public Land|Chapter 06. Alaska Royalty Oil and Gas Development Advisory Board|Sec. 38.06.010. Purpose.

It is the purpose of this chapter to facilitate the wise development of Alaska's oil and gas royalty interests by providing means and procedures for sales, exchanges, or other disposition of those interests in ways calculated to promote private economic growth consistent with applicable environmental standards and public fiscal stability, and in accordance with AS 38.05.183.
AK Stat § 38.06.020 (2021)
2021 Alaska Statutes|Title 38. Public Land|Chapter 06. Alaska Royalty Oil and Gas Development Advisory Board|Sec. 38.06.020. Establishment.

There is established in the Department of Natural Resources the Alaska Royalty Oil and Gas Development Advisory Board.