Collateralization. — Alaska Code § 37.23.030
Alaska Code § 37.23.030 — Collateralization.. Reproduced from the official Alaska Statutes, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Alaska text · Last verified 2026-08-27
At a glance
- Citation: Alaska Statutes § 37.23.030
- Jurisdiction: Alaska
- Code: Alaska Statutes
- Subject: Collateralization.
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Alaska Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Alaska attorney.
Common questions
What is the source of Alaska Statutes § 37.23.030?
The text above is transcribed from the Alaska Statutes, the codified statutes of Alaska. The official publisher link appears under "Verify the text" on this page.
What subject does Alaska Statutes § 37.23.030 address?
It addresses "Collateralization.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Alaska Statutes § 37.23.030 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Alaska source before relying on this text.
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