In addition to the assets and securities listed in AS 06.55.502, a permissible investment for purposes of AS 06.55 includes
- (1) commercial paper within the top three rating categories of a nationally recognized rating service;
- (2) interest-bearing bills, notes, or bonds that bear a rating within the top three rating categories of a nationally recognized rating service; and
- (3) virtual currency for outstanding obligations denominated in the same virtual currency.
(Eff. 7/12/2008, Register 187; am 1/1/2023, Register 244)
Authority: AS 06.55.501, AS 06.55.502, AS 44.33.020