Alaska Statutes.
Title 37. Public Finance
Chapter 23. Investment Pools For Public Entities
Section 35. Securities Lending.
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AS 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.

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