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Tab_44dEXHIBIT D - Form of Notice of Defeasance ALASKA MUNICIPAL BOND BANK NOTICE TO HOLDERS OF THE FOLLOWING ALASKA MUNICIPAL BOND BANK GENERAL OBLIGATION BONDS, 2006 SERIES TWO MATURING ON AND AFTER DECEMBER 1, 2017 NOTICE IS HEREBY GIVEN to the holders of the following defeased Alaska Municipal Bond Bank, General Obligation Bonds, 2006 Series Two (the "Defeased 2006 Series Two Bonds") that the Defeased 2006 Series Two Bonds maturing on and after December 1, 2017, have been called for redemption on December 5, 2016, in accordance with their terms, at a redemption price equal to 100% of the principal amount thereof; plus in each case accrued interest to the date fixed for redemption. The funds to be used for each redemption have heretofore been deposited with the Escrow Agent. The 2006 Series Two Bonds were issued on July 26, 2006 and the 2006 Series Two Bonds being defeased accrue interest at the following interest rates: Maturity Outstanding Original CUSIP Redemption Defeased Defeased Date Principal Interest No. Price (b/0 of Principal CUSIP No. (December 1) Amount Rate (01179) Principal) Amount (01179) 2021 $5,430,000.00 5.500% PQK6 100% $5,430,000.00 PQK6 2026 7,095,000.00 5.500 PQQ3 100 7,095,000.00 PQQ3 2031 9,180,000.00 5.000 PQR1 100 9,180,000.00 PQRI 2035 10,905,000.00 5.000 PQS9 100 10,905,000.00 PQS9 * As of October 18, 2016. This CUSIP® number has been assigned by the Bond Bank's CUSIP Global Services and is included solely for the convenience of the holders. Neither the Bond Bank nor the Escrow Agent or Trustee shall be responsible for the selection or use of this CUSIP® number, nor is any representation made to its correctness on the bond or as indicated in any redemption notice. Holders of the Defeased 2006 Series Two Bonds maturing on and after December 1, 2017 being redeemed will receive payment of the redemption price and accrued interest to which they are entitled upon presentation and surrender thereof at the designated corporate trust office of The Bank of New York Mellon Trust Company, N.A., as set forth below. First Class/Registered/Certified Express Delivery Only By Hand Only The Bank of New York Mellon The Bank of New York Mellon The Bank of New York Mellon Global Corporate Trust Global Corporate Trust 111 Sanders Creek Parkway Global Corporate Trust Corporate Trust Window P.O. Box 396 East Syracuse New York 13057 East Syracuse, New York 13057 101 Barclay Street, 1st Floor East New York, New York 10286 Such Refunded Bonds have been defeased and therefore are deemed to be no longer outstanding, but will be payable solely by application of moneys deposited into the escrow account held by the Escrow Agent. DATED this day of_________ 20 AMBB - General Obligation and Refunding Bonds, 2016 Series Four Escrow Agreement (2006 Series Two) Page D-1