Board: Alaska Municipal Bond Bank Authority
Board identification number: 066
Department: REVENUE
Authority: AS 44.85.020; AS 39.50.200
Status: Active
Sunset date:
Requirements: Financial Disclosure
Prohibitions: None
Term: 4 years
Chair: Directors select.
Description: The board is comprised of 5 Directors: 3 appointed by the Governor, plus the Commissioners of the Department of Revenue and the Department of Community and Economic Development serve as ex-officio members with voting privileges; members elect chair; eligible for reappointment.
Function: Borrows money and issues bonds and notes to make capital funds available for borrowing by municipalities and in turn receives bonds and notes from Alaskan municipalities.
Special facts: Members serve at the pleasure of the Governor. The authority is a public corporation. 3 members constitute a quorum. Members are bonded. The authority reports to the Governor and Legislature.
Compensation: Standard Travel and Per Diem Compensated for actual expenses incurred.
Meetings: Quarterly at minimum. Historically the Board has met as few as four times a year and as many as 9; usually 2-3 hours per meeting.
For further information and to reach individual members, contact:
Ryan Williams
Executive Director
AMBBA, P.O. Box 110405
Juneau, AK 99811-0405
Phone: (907) 465-2893
Fax: (907) 465-2902
