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VERIFICATION REPORT FOR THE
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CAUSEY DEMGEN & MOORE P.C.
Certified Public Accountants and Consultants
CAUSEY DEMGEN & MOORE RC.
Certified Public Accountants and Consultants
1125 Seventeenth Street - Suite 1450
Denver, Colorado 80202-2025
Telephone: (303) 296-2229
Facsimile: (303) 296-3731
www.causeycpas.com
November 3, 2016
Alaska Municipal Bond Bank
333 Willoughby Avenue
Juneau, Alaska 99811
Western Financial Group, LLC
3300 NW 185th Avenue, Suite 270
Portland, Oregon 97229
RBC Capital Markets, LLC
60 South Sixth Street, P15
Minneapolis, Minnesota 55402
Orrick, Herrington & Sutcliffe LLP
701 5th Avenue, Suite 5600
Seattle, Washington 98104
We have completed our engagement to verify the mathematical accuracy of (a) the computations
relating to the adequacy of cash plus U.S. Treasury Securities to be held in separate escrow
accounts to pay the debt service requirements of the following bonds (herein collectively referred to
as the "Refunded Bonds") issued by the Alaska Municipal Bond Bank (herein referred to as the
"Bond Bank"):
• General Obligation School Bonds, 2006B (herein referred to as the "Refunded 2006B
Bonds"),
• General Obligation Bonds, 2006 Series Two (only those bonds described in Exhibit B-4)
(herein referred to as the "Refunded 2006-2 Bonds"),
General Obligation Bonds, 2007 Series One (only those bonds described in Exhibit C-4)
(herein referred to as the "Refunded 2007-1 Bonds"),
• General Obligation Bonds, 2007 Series Two (only those bonds described in Exhibit D-4)
(herein referred to as the "Refunded 2007-2 Bonds" and collectively with the Refunded
2006B Bonds, Refunded 2006-2 Bonds, and Refunded 2007-1 Bonds as the "Currently
Refunded Bonds"),
• General Obligation Bonds, 2007 Series Three (only those bonds described in Exhibit E-4)
(herein referred to as the "Refunded 2007-3 Bonds"),
• General Obligation Bonds, 2007 Series Five (herein referred to as the "Refunded 2007-5
Bonds"),
• General Obligation Bonds, 2008 Series One (only those bonds described in Exhibit G-5)
(herein referred to as the "Refunded 2008-1 Bonds"),
• General Obligation Bonds, 2008 Series Two (only those bonds described in Exhibit 11-4)
(herein referred to as the "Refunded 2008-2 Bonds"), and
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November 3, 2016
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General Obligation Bonds, 2009 Series One (only those bonds described in Exhibit 1-4)
(herein referred to as the "Refunded 2009-1 Bonds" and collectively with Refunded 2007-3
Bonds, Refunded 2007-5 Bonds, Refunded 2008-1 Bonds, and the Refunded 2008-2 Bonds
as the "Advance Refunded Bonds"),
and (b) the computations supporting the conclusion of Bond Counsel that the following bonds
(herein referred to as the "2016 Bonds") to be issued by the Bond Bank are not "arbitrage bonds"
under Section 148 of the Internal Revenue Code of 1986, as amended:
• General Obligation Refunding Bonds, 2016 Series Three (herein referred to as the "2016-3
Bonds"), and
• General Obligation Refunding Bonds, 2016 Series Four (herein referred to as the "2016-4
Bonds").
We express no opinion as to the attainability of the assumptions underlying the computations or the
tax-exempt status of the 2016 Bonds. Our verification was performed solely on the information
contained in certain schedules of proposed transactions provided by RBC Capital Markets, LLC
(herein referred to as the "Underwriter"). In the course of our engagement to verify the
mathematical accuracy of the computations in the schedules provided to us, we prepared Exhibits A
through K attached hereto and made a part hereof.
The scope of our engagement consisted of performing the procedures described herein. These
procedures were performed in a manner that we deem to be appropriate.
The accompanying exhibits of proposed transactions were prepared on the basis of assumptions
underlying the computations and in accordance with the procedures described herein. We did not
independently confirm the information used with outside parties.
OUR UNDERSTANDING OF THE TRANSACTION
The Bond Bank intends to issue the 2016 Bonds on November 3, 2016 to (1) currently refund the:
Currently Refunded Bonds, (2) to advance refund the Advance Refunded Bonds, and to (3) finance
certain capital improvements.
A portion of the proceeds of the 2016 Bonds will be used to purchase a U.S. Treasury Security
(State and Local Government Series) (herein referred to as the "2006B Security"), and to provide
cash that will be placed into an escrow account (herein referred to as the "2006B Escrow
Account"), to currently refund the Refunded 2006B Bonds.
A portion of the proceeds of the 2016 Bonds, together with certain amounts to be contributed from
the prior borrower debt service reserve fund associated with the Refunded 2006-2 Bonds, will be
used to purchase U.S. Treasury Securities (State and Local Government Series) (herein referred to
as the "2006-2 Securities"), and to provide cash that will be placed into an escrow account (herein
referred to as the "2006-2 Escrow Account"), to currently refund the Refunded 2006-2 Bonds.
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A portion of the proceeds of the 2016 Bonds, together with certain amounts to be contributed from
the Bond Bank debt service reserve fund associated with the Refunded 2007-1 Bonds, will be used
to purchase U.S. Treasury Securities (State and Local Government Series) (herein referred to as the
"2007-1 Securities"), and to provide cash that will be placed into an escrow account (herein referred
to as the "2007-1 Escrow Account"), to currently refund the Refunded 2007-1 Bonds.
A portion of the proceeds of the 2016 Bonds, together with certain amounts to be contributed from
the Bond Bank debt service reserve fund associated with the Refunded 2007-2 Bonds, will be used
to purchase U.S. Treasury Securities (State and Local Government Series) (herein referred to as the
"2007-2 Securities"), and to provide cash that will be placed into an escrow account (herein referred
to as the "2007-2 Escrow Account"), to currently refund the Refunded 2007-2 Bonds.
A portion of the proceeds of the 2016 Bonds, together with certain amounts to be contributed from
the prior borrower debt service reserve fund associated with the Refunded 2007-3 Bonds, will be
used to purchase U.S. Treasury Securities (State and Local Government Series) (herein referred to
as the "2007-3 Securities"), and to provide cash that will be placed into an escrow account (herein
referred to as the "2007-3 Escrow Account"), to advanced refund the Refunded 2007-3 Bonds.
A portion of-the proceeds of the 2016 Bonds, together with certain amounts to be contributed from
the prior borrower reserve fund associated with the Refunded 2007-5 Bonds, will be used to
purchase U.S. Treasury Securities (State and Local Government Series) (herein referred to as the
"2007-5 Securities"), and to provide cash that will be placed into an escrow account (herein referred
to as the "2007-5 Escrow Account"), to advanced refund the Refunded 2007-5 Bonds.
A portion of the proceeds of the 2016 Bonds will be used to purchase U.S. Treasury Securities
(State and Local Government Series) (herein referred to as the "2008-1 Restricted Securities" that
will be placed into an escrow account (herein referred to as the "2008-1 Escrow Account"), together
with cash and a U.S. Treasury Security (State and Local Government Series) (herein referred to as
the "2008-1 Bond Fund Security" and collectively with the 2008-1 Restricted Securities as the
"2008-1 Securities") to be purchased or funded with certain amounts to be contributed from the
bond fund associated with the Refunded 2008-1 Bonds, to advance refund the Refunded 2008-1
Bonds.
A portion of the proceeds of the 2016 Bonds will be used to purchase U.S. Treasury Securities
(State and Local Government Series) (herein referred to as the "2008-2 Securities"), and to provide
cash that will be placed into an escrow account (herein referred to as the "2008-2 Escrow
Account"), to advanced refund the Refunded 2008-2 Bonds.
A portion of the proceeds of the 2016 Bonds, together with certain amounts to be contributed from
the prior borrower debt service reserve fund associated with the Refunded 2009-1 Bonds, will be
used to purchase U.S. Treasury Securities (State and Local Government Series) (herein referred to
as the "2009-1 Securities" and collectively with the 2007-3 Securities, 2007-5 Securities, 2008-1
Securities and the 2008-2 Securities, as the "Restricted Securities"), and to provide cash that will be
placed into an escrow account (herein referred to as the "2009-1 Escrow Account"), to advanced
refund the Refunded 2009-1 Bonds.
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The Escrow Agent will redeem the Refunded 2006B Bonds on December 5, 2016 at a redemption
price equal to 100% of par, plus accrued interest to such date.
The Escrow Agent will pay the scheduled debt service requirements of the Refunded 2006-2 Bonds
on December 1, 2016 and will redeem the Refunded 2006-2 Bonds on December 5, 2016 at a
redemption price equal to 100% of par, plus accrued interest to such date.
The Escrow Agent will pay the scheduled debt service requirements of the Refunded 2007-1 Bonds
on December 1, 2016 and will redeem the Refunded 2007-1 Bonds on December 5, 2016 at a
redemption price equal to 100% of par, plus accrued interest to such date.
The Escrow Agent will pay the scheduled debt service requirements of the Refunded 2007-2 Bonds
on December 1, 2016 and will redeem the Refunded 2007-2 Bonds on December 5, 2016 at a
redemption price equal to 100% of par, plus accrued interest to such date.
The Escrow Agent will pay the debt service requirements of the Refunded 2007-3 Bonds on each
scheduled payment date through and including September 1, 2017 and will redeem the Refunded
2007-3, at a redemption price equal to 100% of par, on September 1, 2017, which is the first
optional redemption date for these bonds.
The Escrow Agent will pay the debt service requirements of the Refunded 2007-5 Bonds on each
scheduled payment date through and including September 1, 2017 and will redeem those Refunded
2007-5 Bonds maturing on September 1, 2018 and thereafter, at a redemption price equal to 100%
of par, on September 1, 2017, which is the first optional redemption date for these bonds.
The Escrow Agent will pay the debt service requirements of the Refunded 2008-I Bonds on each
scheduled payment date through and including April 1, 2018 and will redeem those Refunded
2008-1 Bonds maturing on April 1, 2019 and thereafter, at a redemption price equal to 100% of par,
on April 1, 2018, which is the first optional redemption date for these bonds.
The Escrow Agent will pay the debt service requirements of the Refunded 2008-2 Bonds on each
scheduled payment date through and including June 1, 2018 and will redeem the Refunded 2008-2,
at a redemption price equal to 100% of par, on June 1, 2018, which is the first optional redemption
date for these bonds.
The Escrow Agent will pay the debt service requirements of the Refunded 2009-1 Bonds on each
scheduled payment date through and including September 1, 2018 and will redeem those Refunded
2009-1 Bonds maturing on September 1, 2019 and thereafter, at a redemption price equal to 100%
of par, on September 1, 2018, which is the first optional redemption date for these bonds.
2006B ESCROW ACCOUNT TRANSACTIONS
We verified the mathematical accuracy of the accompanying calculations of the 2006B Escrow
Account transactions proposed to advance refund the Refunded 2006B Bonds.
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The presently outstanding debt service requirements of the Refunded 2006B Bonds will be satisfied
by the purchase of the 2006B Security (as described in Exhibit A-2) plus $10.27 in cash. The
2006B Security and cash will be placed in the 2006B Escrow Account and held therein until the
Refunded 2006B Bonds are redeemed as previously described.
We read a copy of the Official Statement for the Refunded 2006B Bonds insofar as these
obligations are described with respect to principal outstanding, interest rates, maturity dates, and
redemption provisions. We assumed this document to be accurate and all debt service payments on
the Refunded 2006B Bonds to be current as of November 3, 2016. We compared the above
information set forth in this Official Statement with the related information contained in the
schedules provided to us and found the information to be consistent.
We compared the subscribed interest rate of the 2006B Security (State and Local Government
Series) to be purchased and placed in the 2006B Escrow Account with the maximum allowable
interest rate as published in the SLGS Daily Rate Table by the Bureau of the Fiscal Service for
October 18, 2016 and found the subscribed rate to be less than or equal to the maximum allowable
rate that was in effect on the subscription date for this maturity date.
Based on the procedures and information set forth above, the computations provided to us and
represented in Exhibits A through A-3, which indicate that the cash and 2006B Security proposed
to be placed in the 2006B Escrow Account by the Bond Bank will produce the amount necessary to
provide for the timely payment of the proposed debt payment schedule on the Refunded 2006B
Bonds, are mathematically correct.
2006-2 ESCROW ACCOUNT TRANSACTIONS
We verified the mathematical accuracy of the accompanying calculations of the 2006-2 Escrow
Account transactions proposed to advance refund the Refunded 2006-2 Bonds.
The presently outstanding debt service requirements of the Refunded 2006-2 Bonds will be satisfied
by the purchase of the 2006-2 Securities (as described in Exhibit B-2) plus $1.99 in cash. The
2006-2 Securities and cash will be placed in the 2006-2 Escrow Account and held therein until the
Refunded 2006-2 Bonds are redeemed as previously described.
We read a copy of the Official Statement for the Refunded 2006-2 Bonds insofar as these
obligations are described with respect to principal amounts, interest rates, maturity dates, and
redemption provisions. We assumed this document to be accurate and all debt service payments on
the Refunded 2006-2 Bonds to be current as of November 3, 2016. We compared the above
information set forth in this Official Statement with the related information contained in the
schedules provided to us and found the information to be consistent.
We compared the subscribed interest rates of the 2006-2 Securities (State and Local Government
Series) to be purchased and placed in the 2006-2 Escrow Account with the maximum allowable
interest rates as published in the SLGS Daily Rate Table by the Bureau of the Fiscal Service for
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October 18, 2016 and found the subscribed rates to be less than or equal to the maximum allowable
rates that were in effect on the subscription date for each applicable maturity date.
Based on the procedures and information set forth above, the computations provided to us and
represented in Exhibits B through B-3, which indicate that the cash and 2006-2 Securities proposed
to be placed in the 2006-2 Escrow Account by the Bond Bank will produce the amounts necessary
to provide for the timely payment of the proposed debt payment schedule on the Refunded 2006-2
Bonds, are mathematically correct.
2007-1 ESCROW ACCOUNT TRANSACTIONS
We verified the mathematical accuracy of the accompanying calculations of the 2007-1 Escrow
Account transactions proposed to advance refund the Refunded 2007-1 Bonds.
The presently outstanding debt service requirements of the Refunded 2007-1 Bonds will be satisfied
by the purchase of the 2007-1 Securities (as described in Exhibit C-2) plus $9.21 in cash. The
2007-1 Securities and cash will be placed in the 2007-1 Escrow Account and held therein until the
Refunded 2007-1 Bonds are redeemed as previously described.
We read a copy of the Official Statement for the Refunded 2007-1 Bonds insofar as these
obligations are described with respect to principal amounts, interest rates, maturity dates, and
redemption provisions. We assumed this document to be accurate and all debt service payments on
the Refunded 2007-1 Bonds to be current as of November 3, 2016. We compared the above
information set forth in this Official Statement with the related information contained in the
schedules provided to us and found the information to be consistent.
We compared the subscribed interest rates of the 2007-1 Securities (State and Local Government
Series) to be purchased and placed in the 2007-1 Escrow Account with the maximum allowable
interest rates as published in the SLGS Daily Rate Table by the Bureau of the Fiscal Service for
October 18, 2016 and found the subscribed rates to be less than or equal to the maximum allowable
rates that were in effect on the subscription date for each applicable maturity date.
Based on the procedures and information set forth above, the computations provided to us and
represented in Exhibits C through C-3, which indicate that the cash and 2007-1 Securities proposed
to be placed in the 2007-1 Escrow Account by the Bond Bank will produce the amounts necessary
to provide for the timely payment of the proposed debt payment schedule on the Refunded 2007-1
Bonds, are mathematically correct.
2007-2 ESCROW ACCOUNT TRANSACTIONS
We verified the mathematical accuracy of the accompanying calculations of the 2007-2 Escrow
Account transactions proposed to advance refund the Refunded 2007-2 Bonds.
The presently outstanding debt service requirements of the Refunded 2007-2 Bonds will be satisfied
by the purchase of the 2007-2 Securities (as described in Exhibit D-2) plus $3.57 in cash. The
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2007-2 Securities and cash will be placed in the 2007-2 Escrow Account and held therein until the
Refunded 2007-2 Bonds are redeemed as previously described.
We read a copy of the Official Statement for the Refunded 2007-2 Bonds insofar as these
obligations are described with respect to principal amounts, interest rates, maturity dates, and
redemption provisions. We assumed this document to be accurate and all debt service payments on
the Refunded 2007-2 Bonds to be current as of November 3, 2016. We compared the above
information set forth in this Official Statement with the related information contained in the
schedules provided to us and found the information to be consistent.
We compared the subscribed interest rates of the 2007-2 Securities (State and Local Government
Series) to be purchased and placed in the 2007-2 Escrow Account with the maximum allowable
interest rates as published in the SLGS Daily Rate Table by the Bureau of the Fiscal Service for
October 18, 2016 and found the subscribed rates to be less than or equal to the maximum allowable
rates that were in effect on the subscription date for each applicable maturity date.
Based on the procedures and information set forth above, the computations provided to us and
represented in Exhibits D through D-3, which indicate that the cash and 2007-2 Securities proposed
to be placed in the 2007-2 Escrow Account by the Bond Bank will produce the amounts necessary
to provide for the timely payment of the proposed debt payment schedule on the Refunded 2007-2
Bonds, are mathematically correct.
2007-3 ESCROW ACCOUNT TRANSACTIONS
We verified the mathematical accuracy of the accompanying calculations of the 2007-3 Escrow
Account transactions proposed to advance refund the Refunded 2007-3 Bonds.
The presently outstanding debt service requirements of the Refunded 2007-3 Bonds will be satisfied
by the purchase of the 2007-3 Securities (as described in Exhibit E-2) plus $1.74 in cash. The
2007-3 Securities and cash will be placed in the 2007-3 Escrow Account and held therein until the
Refunded 2007-3 Bonds are redeemed as previously described.
We read a copy of the Official Statement for the Refunded 2007-3 Bonds insofar as these
obligations are described with respect to principal amounts, interest rates, maturity dates, and
redemption provisions. We assumed this document to be accurate and all debt service payments on
the Refunded 2007-3 Bonds to be current as of November 3, 2016. We compared the above
information set forth in this Official Statement with the related information contained in the
schedules provided to us and found the information to be consistent.
We compared the subscribed interest rates of the 2007-3 Securities (State and Local Government
Series) to be purchased and placed in the 2007-3 Escrow Account with the maximum allowable
interest rates as published in the SLGS Daily Rate Table by the Bureau of the Fiscal Service for
October 18, 2016 and found the subscribed rates to be less than or equal to the maximum allowable
rates that were in effect on the subscription date for each applicable maturity date.
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Based on the procedures and information set forth above, the computations provided to us and
represented in Exhibits E through E-3, which indicate that the cash and 2007-3 Securities proposed
to be placed in the 2007-3 Escrow Account by the Bond Bank will produce the amounts necessary
to provide for the timely payment of the proposed debt payment schedule on the Refunded 2007-3
Bonds, are mathematically correct.
2007-5 ESCROW ACCOUNT TRANSACTIONS
We verified the mathematical accuracy of the accompanying calculations of the 2007-5 Escrow
Account transactions proposed to advance refund the Refunded 2007-5 Bonds.
The presently outstanding debt service requirements of the Refunded 2007-5 Bonds will be satisfied
by the purchase of the 2007-5 Securities (as described in Exhibit F-2) plus $2.45 in cash. The
2007-5 Securities and cash will be placed in the 2007-5 Escrow Account and held therein until the
Refunded 2007-5 Bonds are redeemed as previously described.
We read a copy of the Official Statement for the Refunded 2007-5 Bonds insofar as these
obligations are described with respect to principal outstanding, interest rates, maturity dates, and
redemption provisions. We assumed this document to be accurate and all debt service payments on
the Refunded 2007-5 Bonds to be current as of November 3, 2016. We compared the above
information set forth in this Official Statement with the related information contained in the
schedules provided to us and found the information to be consistent.
We compared the subscribed interest rates of the 2007-5 Securities (State and Local Government
Series) to be purchased and placed in the 2007-5 Escrow Account with the maximum allowable
interest rates as published in the SLGS Daily Rate Table by the Bureau of the Fiscal Service for
October 18, 2016 and found the subscribed rates to be less than or equal to the maximum allowable
rates that were in effect on the subscription date for each applicable maturity date.
Based on the procedures and information set forth above, the computations provided to us and
represented in Exhibits F through F-3, which indicate that the cash and 2007-5 Securities proposed
to be placed in the 2007-5 Escrow Account by the Bond Bank will produce the amounts necessary
to provide for the timely payment of the proposed debt payment schedule on the Refunded 2007-5
Bonds, are mathematically correct.
2008-1 ESCROW ACCOUNT TRANSACTIONS
We verified the mathematical accuracy of the accompanying calculations of the 2008-1 Escrow
Account transactions proposed to advance refund the Refunded 2008-1 Bonds.
The presently outstanding debt service requirements of the Refunded 2008-1 Bonds will be satisfied
by the purchase of the 2008-1 Securities (as described in Exhibit G-3) plus $5.49 in cash. The
2008-1 Securities and cash will be placed in the 2008-1 Escrow Account and held therein until the
Refunded 2008-1 Bonds are redeemed as previously described.
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We read a copy of the Official Statement for the Refunded 2008-1 Bonds insofar as these
obligations are described with respect to principal amounts, interest rates, maturity dates, and
redemption provisions. We assumed this document to be accurate and all debt service payments on
the Refunded 2008-1 Bonds to be current as of November 3, 2016. We compared the above
information set forth in this Official Statement with the related information contained in the
schedules provided to us and found the information to be consistent.
We compared the subscribed interest rates of the 2008-1 Securities (State and Local Government
Series) to be purchased and placed in the 2008-1 Escrow Account with the maximum allowable
interest rates as published in the SLGS Daily Rate Table by the Bureau of the Fiscal Service for
October 18, 2016 and found the subscribed rates to be less than or equal to the maximum allowable
rates that were in effect on the subscription date for each applicable maturity date.
Based on the procedures and information set forth above, the computations provided to us and
represented in Exhibits G through G-4, which indicate that the cash and 2008-1 Securities proposed
to be placed in the 2008-1 Escrow Account by the Bond Bank will produce the amounts necessary
to provide for the timely payment of the proposed debt payment schedule on the Refunded 2008-1
Bonds, are mathematically correct,
2008-2 ESCROW ACCOUNT TRANSACTIONS
We verified the mathematical accuracy of the accompanying calculations of the 2008-2 Escrow
Account transactions proposed to advance refund the Refunded 2008-2 Bonds.
The presently outstanding debt service requirements of the Refunded 2008-2 Bonds will be satisfied
by the purchase of the 2008-2 Securities (as described in Exhibit H-2) plus $1.86 in cash. The
2008-2 Securities and cash will be placed in the 2008-2 Escrow Account and held therein until the
Refunded 2008-2 Bonds are redeemed as previously described.
We read a copy of the Official Statement for the Refunded 2008-2 Bonds insofar as these
obligations are described with respect to principal amounts, interest rates, maturity dates, and
redemption provisions, We assumed this document to be accurate and all debt service payments on
the Refunded 2008-2 Bonds to be current as of November 3, 2016. We compared the above
information set forth in this Official Statement with the related information contained in the
schedules provided to us and found the information to be consistent.
We compared the subscribed interest rates of the 2008-2 Securities (State and Local Government
Series) to be purchased and placed in the 2008-2 Escrow Account with the maximum allowable
interest rates as published in the SLGS Daily Rate Table by the Bureau of the Fiscal Service for
October 18, 2016 and found the subscribed rates to be less than or equal to the maximum allowable
rates that were in effect on the subscription date for each applicable maturity date.
Based on the procedures and information set forth above, the computations provided to us and
represented in Exhibits H through H-3, which indicate that the cash and 2008-2 Securities proposed
to be placed in the 2008-2 Escrow Account by the Bond Bank will produce the amounts necessary
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to provide for the timely payment of the proposed debt payment schedule on the Refunded 2008-2
Bonds, are mathematically correct.
2009-1 ESCROW ACCOUNT TRANSACTIONS
We verified the mathematical accuracy of the accompanying calculations of the 2009-1 Escrow
Account transactions proposed to advance refund the Refunded 2009-1 Bonds.
The presently outstanding debt service requirements of the Refunded 2009-1 Bonds will be satisfied
by the purchase of the 2009-1 Securities (as described in Exhibit 1-2) plus $1.51 in cash. The 2009-
1 Securities and cash will be placed in the 2009-1 Escrow Account and held therein until the
Refunded 2009-1 Bonds are redeemed as previously described.
We read a copy of the Official Statement for the Refunded 2009-1 Bonds insofar as these
obligations are described with respect to principal amounts, interest rates, maturity dates, and
redemption provisions. We assumed this document to be accurate and all debt service payments on
the Refunded 2009-1 Bonds to be current as of November 3, 2016. We compared the above
information set forth in this Official Statement with the related information contained in the
schedules provided to us and found the information to be consistent.
We compared the subscribed interest rates of the 2009-1 Securities (State and Local Government
Series) to be purchased and placed in the 2009-1 Escrow Account with the maximum allowable
interest rates as published in the SLGS Daily Rate Table by the Bureau of the Fiscal Service for
October 18, 2016 and found the subscribed rates to be less than or equal to the maximum allowable
rates that were in effect on the subscription date for each applicable maturity date.
Based on the procedures and information set forth above, the computations provided to us and
represented in Exhibits I through 1-3, which indicate that the cash and 2009-1 Securities proposed to
be placed in the 2009-1 Escrow Account by the Bond Bank will produce the amounts necessary to
provide for the timely payment of the proposed debt payment schedule on the Refunded 2009-1
Bonds, are mathematically correct.
inuimx.si rui,iri :is)i Ii
We verified the mathematical accuracy of the accompanying computations of the yield on the 2016
Bonds as of November 3, 2016. For purposes of this calculation, yield is defined as the rate of
interest which, using the assumptions and procedures set forth herein, discounts the combined
adjusted payments to be made on the 2016 Bonds to an amount equal to the aggregate target
purchase price of the 2016 Bonds. The computations were made using a 360-day year with interest
compounded semi-annually and treated $150,000.00 as the surety premium, $13,299,425.30 as the
net original issue premium (which results in an aggregate target purchase price of
$122,984,425.30). As instructed by Bond Counsel, the bond insurance premium of $9,700.00 is
not a qualified guaranty fee for yield purposes.
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November 3, 2016
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In conducting our verification, we assumed that the re-offering prices of the 2016 Bonds are as
described in Exhibits J-1 and J-2, that (1) the 2016-3 Bonds stated to mature on or before
December 1, 2027 are not optionally callable prior to maturity, (2) the 2016-4 Bonds stated to
mature on or before December 1, 2026 are not optionally callable prior to maturity, and (3) the
2016-3 Bonds stated to mature on December 1, 2028 and thereafter and the 2016-4 stated to mature
on December 1, 2027 and thereafter, are optionally callable at par on and after December 1, 2026.
For the 2016-3 Bonds maturing on December 1, 2028 and each maturity of the 2016-4 Bonds stated
to mature on December 1, 2027 through and including December 1, 2035 (which represent the only
callable maturities with reoffering prices in excess of the safe harbor limit of 102.500%) (herein
referred to as the "Callable Premium Bonds"), we tested to determine whether the lowest yield on
each such bond is achieved by treating each such bond (1) as being redeemed on December 1, 2026
at par or (2) as being retired on its stated maturity date. We assumed that all other maturities of the
2016 Bonds would be retired on the dates and in the amounts set forth in Exhibits J-1 and J-2.
Based upon the assumptions, procedures and information set forth above, the computations
provided to us and represented in Exhibits J and J-2, which indicate that the yield on the 2016
Bonds, assuming that each Callable Premium Bond is redeemed at par on December 1, 2026, is
2.59845%, are mathematically correct.
YIELD ON THE PORTION OF THE RESTRICTED SECURITIES PURCHASED WITH
2016 BOND PROCEEDS
We verified the mathematical accuracy of the accompanying computation of the yield on the
portion of the Restricted Securities purchased with 2016 Bond Proceeds based on an assumed
settlement date of November 3, 2016 and a purchase price of $33,522,203.29. For purposes of this
calculation, yield is defined as the rate of interest which, using the assumptions and procedures set
forth herein, discounts the cash receipts from the portion of the Restricted Securities purchased with
2016 Bond proceeds to an amount equal to the purchase price of the portion of the Restricted
Securities purchased with 2016 Bond proceeds. The computations were made using a 360-day year
with interest compounded semi-annually and were based on the dates the funds are to be received in
the escrow accounts and assume that all cash balances are not reinvested.
Based upon the procedures and information set forth above, the computations provided to us and
represented in Exhibit K, which indicate that the yield on the portion of the Restricted Securities
purchased with 2016 Bond proceeds is 0.67510% (which is less than the yield on the 2016 Bonds),
are mathematically correct.
LSJi 51) h i :1 F3 a
It is understood that this report is solely for the information of and assistance to the addressees
hereof in connection with the issuance of the 2016 Bonds and is not to be used, relied upon,
circulated, quoted or otherwise referred to for any other purpose without our written consent, except
that (i) reference may be made to the report in the Official Statement for the 2016 Bonds, (ii)
reference may be made to the report in the purchase contract or in any closing documents pertaining
to the issuance of the 2016 Bonds, (iii) the report may be used in its entirety as an exhibit to the
Alaska Municipal Bond Bank -2016-3&4 97169Idoc
Alaska Municipal Bond Bank
November 3, 2016
Page 12
escrow agreement for the Refunded Bonds, (iv) the report may be included in the transcripts
pertaining to the issuance of the 2016 Bonds, (v) the report may be relied upon by Bond Counsel in
connection with its opinions concerning the Refunded Bonds and the 2016 Bonds, (vi) the report
may be relied upon by any rating agency or bond insurer that shall have rated or insured or that will
rate or insure the Refunded Bonds or the 2016 Bonds, and (vii) the report may be relied upon by the
Escrow Agent for the Refunded Bonds.
The scope of our engagement is deemed by the addressees hereto to be sufficient to assist such
parties in evaluating the mathematical accuracy of the various computations cited above. The
sufficiency of this scope is solely the responsibility of the specified users of this report and should
not be taken to supplant any additional inquiries or procedures that the users would undertake in
their consideration of the issuance of the bonds related to the transaction described herein. We
make no representation regarding the sufficiency of the scope of this engagement. This report
should not be used by any party who does not agree to the scope set forth herein and who does not
take responsibility for the sufficiency and appropriateness of such scope for their purposes.
We have no obligation to update this report because of events, circumstances, or transactions
occurring subsequent to the date of this report.
Very truly yours,
/fl419I*1 i /Z'e# I
Alaska Municipal Bond Bask 2016-3&4 971659_I .doc
EXHIBIT A
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2006B ESCROW ACCOUNT CASH FLOW
AS OF NOVEMBER 3, 2016
Cash Cash
Receipt From Disbursement
the 2006B From the 2006B
Security Escrow Account Cash
Date (Exhibit A-i) (Exhibit A-3) Balance
Beginning
Balance: $10.27
05-Dec-16 $18,759,934.47 $18,759,934.74 10.00
$18,759,934.47 $18,759,934.74
EXHIBIT A-i
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPT FROM THE 2006B SECURITY
AS OF NOVEMBER 3, 2016
$18,755,988.00
0.240000% Total
Payment SLGS (1) Cash
Date 05-Dec-16 Receipt
05-Dec-16 $18,759,934.47 $18,759,934.47
$18,759,934.47 $18,759,934.47
(1) U.S. Treasury Certificate of Indebtedness (State and
Local Government Series).
EXHIBIT A-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DESCRIPTION OF THE 2006B SECURITY
AS OF NOVEMBER 3, 2016
Settlement Maturity Par Coupon Total
Date Date Amount
Rate Price Cost
SLGS 03-Nov-16 05-Dec-16 $18,755,988.00
0.240% 100,000000% $18,755,988.00
$18,755,988.00
$18,755,988.00
EXHIBIT A-3
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESCROW ACCOUNT DISBURSEMENT REQUIREMENTS
FOR THE REFUNDED 2006B BONDS
AS OF NOVEMBER 3, 2016
Payment For
Payment Principal
Date Rate Redeemed Interest Total
05-Dec-16 Various $18,560,000.00 $199,934.74 $18,759,934.74
$18,560,000.00 $199,934.74 $18,759,934.74
EXHIBIT A-4
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DEBT SERVICE REQUIREMENTS FOR THE REFUNDED 2006B BONDS
ASSUMING NO OPTIONAL REDEMPTIONS PRIOR TO MATURITY
AS OF NOVEMBER 3, 2016
(FOR INFORMATIONAL PURPOSES ONLY)
Payment Payment For Total Debt
Date Rate Principal Interest Payment
01-Mar-17 $382,853.75 $382,853.75
01-Sep-17 4.000% $3,385,000.00 382,853.75 3,767,853.75
01-Mar-18 315,153.75 315,153.75
01-Sep-18 4.100% 3,545,000.00 315,153.75 3,860,153.75
01-Mar-19 242,481.25 242,481.25
01-Sep-19 4.125% 3,680,000.00 242,481.25 3,922,481.25
01-Mar-20 166,581.25 166,581.25
01-Sep-20 4.125% 3,770,000.00 166,581.25 3,936,581.25
01-Mar-21 88,825.00 88,825.00
01-Sep-21 4.250% 4,180,000.00 88,825.00 4,268,825,00
$18,560,000.00 $2,391,790.00 $20,951,790.00
EXHIBIT B
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2006-2 ESCROW ACCOUNT CASH FLOW
AS OF NOVEMBER 3, 2016
Cash Cash
Receipts From Disbursements
the 2006-2 From the 2006-2
Securities Escrow Account Cash
Date (Exhibit B-i) (Exhibit B-3) Balance
Beginning
Balance: $1.99
01-Dec-16 $846,562.00 $846,562.50 1.49
05-Dec-16 32,628,812.02 32,628,812.50 1,01
$33,475,374.02 $33,475,375.00
EXHIBIT B-i
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPTS FROM THE 2006-2 SECURITIES
AS OF NOVEMBER 3, 2016
$846,562.00 $32,621,948.00
0,000000% 0.240000% Total
Payment SLGS (1) SLGS (1) Cash
Date 01-Dec-16 05-Dec-16 Receipts
01-Dec-16 $846,562.00 $846,562.00
05-Dec-16 $32,628,812.02 32,628,812.02
$846,562.00 $32,628,812.02 $33,475,374.02
(1) 15.5, Treasury Certificate of Indebtedness (State and Local Government
Series).
EXHIBIT B-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DESCRIPTION OF THE 2006-2 SECURITIES
AS OF NOVEMBER 3, 2016
Settlement Maturity Par Coupon Total
Type Date Date Amount Rate Price Cost
SLGS 03-Nov-16 01-Dec-16 $846,562.00 0.000% 100.000000% $846,562.00
SLGS 03-Nov-16 05-Dec-16 32,621,948.00 0.240% 100,000000% 32,621,948.00
$33,468,510.00 $33,468,510.00
EXHIBIT B-3
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESCROW ACCOUNT DISBURSEMENT REQUIREMENTS
FOR THE REFUNDED 2006-2 BONDS
AS OF NOVEMBER 3, 2016
Payment For
Payment Principal
Date Rate Redeemed Interest Total
01-Dec-16 $846,562.50 $846,562.50
05-Dec-16 Various $32,610,000.00 18,812.50 32,628,812.50
$32,610,000.00 $865,375.00 $33,475,375.00
EXHIBIT B-4
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DEBT SERVICE REQUIREMENTS FOR THE REFUNDED 2006-2 BONDS
ASSUMING NO OPTIONAL REDEMPTIONS PRIOR TO MATURITY
AS OF NOVEMBER 3, 2016
(FOR INFORMATIONAL PURPOSES ONLY)
Payment Payment For Total Debt
Date Rate Principal Interest Payment
01-Dec-16 $846,562.50 $846,562.50
01-Jun-17 846,562.50 846,562.50
01-Dec-17 5.500% $975,000.00 846,562.50 1,821,562.50
01 Jun- I 8 819,750.00 819,750.00
01-Dec-18 5.500% 1,025,000.00 819,750.00 1,844,750.00
01-Jun-19 791,562.50 791,562.50
01-Dee-19 5.500% 1,085,000.00 791,562,50 1,876,562.50
01-Jun-20 761,725.00 761,725.00
01-Dec-20 5.500% 1,140,000.00 761,725.00 1,901,725.00
01-Jun-21 730,375,00 730,375.00
01-Dec-21 5.500% 1,205,000.00 730,375.00 1,935,375.00
01-Jun-22 697,237.50 697,237.50
01-Dec-22 5.500% 1,270,000.00 697,237.50 1,967,237.50
01-Jun-23 662,312.50 662,312.50
01-Dec-23 5.500% 1,340,000.00 662,312.50 2,002,312.50
01-Jun-24 625,462.50 625,462.50
01-Dec-24 5.500% 1,415,000.00 625,462.50 2,040,462.50
01-Jun-25 586,550.00 586,550.00
01-Dec-25 5,500% 1,495,000.00 586,550.00 2,081,550.00
01-Jun-26 545,437.50 545,437,50
01-Dec-26 5,500% 1,575,000,00 545,437.50 2,120,437.50
01-Jun-27 502,125,00 502,125,00
01-Dec-27 5.000% 1,660,000.00 502,125.00 2,162,125,00
01-Jun-28 460,625.00 460,625,00
01-Dec-28 5.000% 1,745,000.00 460,625.00 2,205,625.00
01-Jun-29 417,000,00 417,000.00
01-Dec-29 5.000% 1,830,000.00 417,000.00 2,247,000.00
01-Jun-30 371,250.00 371,250.00
01-Dec-30 5.000% 1,925,000.00 371,250.00 2,296,250.00
01-Jun-31 323,125.00 323,125,00
01-Dec-31 5.000% 2,020,000.00 323,125.00 2,343,125,00
01-Jun-32 272,625.00 272,625.00
01-Dec-32 5,000% 2,120,000.00 272,625.00 2,392,625.00
01-Jun-33 219,625,00 219,625.00
01-Dec-33 5.000% 2,225,000.00 219,625.00 2,444,625.00
01-Jun-34 164,000.00 164,000.00
01-Dec-34 5.000% 2,340,000.00 164,000.00 2,504,000.00
01-Jun-35 105,500.00 105,500.00
01-Dec-35 5,000% 4,220,000.00 105,500.00 4,325,500.00
$32,610,000.00 $20,652,262.50 $53,262,262.50
EXHIBIT C
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2007-1 ESCROW ACCOUNT CASH FLOW
AS OF NOVEMBER 3, 2016
Cash Cash
Receipts From Disbursements
the 2007-1 From the 2007-1
Securities Escrow Account Cash
Date (Exhibit C-i) (Exhibit C-3) Balance
Beginning
Balance: $9.21
01-Dec-16 $246,517.00 $246,515.63 10.58
05-Dec-16 11,235,474.57 11,235,478.13 7.02
$11,481,991.57 $11,481,993.76
EXHIBIT C-i
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPTS FROM THE 2007-1 SECURITIES
AS OF NOVEMBER 3, 2016
$246,517.00 $11,233,111.00
0.000000% 0.240000% Total
Payment SLGS (1) SLGS (1) Cash
Date 01-Dec-16 05-Dec-16 Receipts
01-Dec-16 $246,517.00 $246,517.00
05-Dec-16 $11,235,474.57 11,235,474.57
$246,517.00 $11,235,474.57 $11,481,991.57
(1) U.S. Treasury Certificate of Indebtedness (State and Local Government
Series).
EXHIBIT C-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DESCRIPTION OF THE 2007-1 SECURITIES
AS OF NOVEMBER 3, 2016
Settlement Maturity Par Coupon Total
Type Date Date Amount Rate Price Cost
SLGS 03-Nov-16 01-Dec-16 $246,517.00 0.000% 100.000000% $246,517.00
SLGS 03-Nov-16 05-Dec-16 11,233,111.00 0.240% 100.000000% 11,233,111.00
$11,479,628.00 $11,479,628.00
EXHIBIT C-3
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESCROW ACCOUNT DISBURSEMENT REQUIREMENTS
FOR THE REFUNDED 2007-1 BONDS
AS OF NOVEMBER 3, 2016
Payment For
Payment Principal
Date Rate Redeemed Interest Total
01-Dec-16 $246,515.63 $246,515.63
05-Dec-16 Various $11,230,000.00 5,478.13 11,235,478.13
$11,230,000.00 $251,993.76 $11,481,993.76
EXHIBIT C-4
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DEBT SERVICE REQUIREMENTS FOR THE REFUNDED 2007-1 BONDS
ASSUMING NO OPTIONAL REDEMPTIONS PRIOR TO MATURITY
AS OF NOVEMBER 3, 2016
(FOR INFORMATIONAL PURPOSES ONLY)
Payment Payment For Total Debt
Date Rate Rate Principal Principal Interest Payment
01-Dec-16 $246,515.63 $246,515.63
01-Jun-17 246,515.63 246,515.63
01-Dec-17 5.000% 4.125% $1,515,000.00 $1,285,000.00 246,515.63 3,046,515.63
01-Jun-18 182,137.50 182,137,50
01-Dec-18 4.125% 5.000% 1,430,000.00 1,915,000.00 182,137.50 3,527,137.50
01-Jun-19 104,768,75 104,768.75
01-Dec-19 4.000% 1,760,000.00 104,768.75 1,864,768.75
01-Jun-20 69,568.75 69,568.75
01-Dec-20 4.125% 2,320,000.00 69,568.75 2,389,568.75
01-Jun-21 21,718.75 21,718.75
01-Dec-21 4.250% 425,000.00 21,718,75 446,718.75
01-Jun-22 12,687,50 12,687.50
01-Dec-22 4.375% 75,000,00 12,687.50 87,687.50
01-Jun-23 11,046.88 11,046.88
01-Dec-23 4.375% 80,000.00 11,046.88 91,046.88
01-Jun-24 9,296.88 9,296.88
01-Dec-24 4,375% 80,000.00 9,296.88 89,296.88
01-Jun-25 7,546.88 7,546.88
01-Dec-25 4.375% 85,000.00 7,546.88 92,546.88
01-Jun-26 5,687.50 5,687.50
01-Dec-26 4.375% 260,000.00 5,687.50 265,687.50
$8,030,000.00 $3,200,000.00 $1,588,465.67 $12,818,465.67
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2007-2 ESCROW ACCOUNT CASH FLOW
AS OF NOVEMBER 3, 2016
Cash Cash
Receipts From Disbursements
the 2007-2 From the 2007-2
Securities Escrow Account Cash
Date (Exhibit D4) (Exhibit D-3) Balance
Beginning
Balance; $3.57
01-Dec-16 $512,681.00 $512,681.25 3.32
05-Dec-16 23,086,391.61 23,086,392.92 2.01
$23,599,072.61 $23,599,074.17
EXHIBIT D-1
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPTS FROM THE 2007-2 SECURITIES
AS OF NOVEMBER 3, 2016
$512,681.00 $23,081,535.00
0.000000% 0.240000% Total
Payment SLGS (1) SLGS (1) Cash
Date 01-Dec-16 05-Dec-16 Receipts
01-Dec-16 $512,681.00 $512,681.00
05-Dec-16 $23,086,391.61 23,086,391.61
$512,681.00 $23,086,391.61 $23,599,072.61
(1) U.S. Treasury Certificate of Indebtedness (State and Local Government
Series).
EXHIBIT D-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DESCRIPTION OF THE 2007-2 SECURITIES
AS OF NOVEMBER 3, 2016
Settlement Maturity Par Coupon Total
Type Date Date Amount Rate Price Cost
SLGS 03-Nov-16 01-Dec-16 $512,681.00 0,000% 100.000000% $512,681.00
SLGS 03-Nov-16 05-Dec-16 23,081,535.00 0.240% 100.000000% 23,081,535.00
$23,594,216.00 $23,594,216.00
EXHIBIT D-3
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESCROW ACCOUNT DISBURSEMENT REQUIREMENTS
FOR THE REFUNDED 2007-2 BONDS
AS OF NOVEMBER 3, 2016
Payment For
Payment Principal
Date Rate Redeemed Interest Total
01-Dec-16 $512,681.25 $512,681.25
05-Dec-16 Various $23,075,000.00 11,392.92 23,086,392.92
$23,075,000.00 $524,074.17 $23,599,074.17
u:tmzaisiiE]
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DEBT SERVICE REQUIREMENTS FOR THE REFUNDED 2007-2 BONDS
ASSUMING NO OPTIONAL REDEMPTIONS PRIOR TO MATURITY
AS OF NOVEMBER 3, 2016
(FOR INFORMATIONAL PURPOSES ONLY)
Payment Payment For Total Debt
Date Rate Principal Interest Payment
01-Dec-16 $512,681.25 $512,681.25
01-Jun-17 512,681.25 512,681.25
01-Dec-17 4.000% $940,000.00 512,681.25 1,452,681.25
01-Jun-18 493,881,25 493,881.25
01-Dec-18 5.000% 1,030,000.00 493,881.25 1,523,881.25
01-Jun-19 468,131.25 468,131.25
01-Dec-19 5.000% 1,105,000.00 468,131.25 1,573,131.25
01-Jun-20 440,506.25 440,506.25
01-Dec-20 5.000% 1,830,000.00 440,506.25 2,270,506,25
01-Jun-21 394,756.25 394,756.25
01-Dec-21 4,000% 1,925,000.00 394,756,25 2,319,756.25
01-Jun-22 356,256.25 356,256.25
01-Dec-22 4.000% 2,270,000.00 356,256.25 2,626,256.25
01-Jun-23 310,856.25 310,856.25
01-Dec-23 4.500% 2,525,000.00 310,856.25 2,835,856.25
01-Jun-24 254,043.75 254,043.75
01-Dec-24 4.125% 1,910,000.00 254,043.75 2,164,043.75
01-Jun-25 214,650.00 214,650.00
01-Dec-25 4.500% 2,040,000.00 214,650.00 2,254,650.00
01-Jun-26 168,750.00 168,750.00
01-Dec-26 4.500% 2,160,000.00 168,750.00 2,328,750.00
01-Jun-27 120,150.00 120,150.00
01-Dec-27 4.500% 2,275,000.00 120,150.00 2,395,150.00
01-Jun-28 68,962.50 68,962.50
01-Dec-28 4.500% 3,065,000.00 68,962.50 3,133,962.50
$23,075,000.00 $8,119,931.25 $31,194,931.25
EXHIBIT E
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2007-3 ESCROW ACCOUNT CASH FLOW
AS OF NOVEMBER 3, 2016
Cash Cash
Receipts From Disbursements
the 2007-3 From the 2007-3
Securities Escrow Account Cash
Date (Exhibit E-1) (Exhibit E-3) Balance
Beginning
Balance: $1.74
01-Mar-17 $57,375.15 $57,375.00 1.89
01-Sep-17 2,352,374.11 2,352,375.00 1.00
$2,409,749.26 $2,409,750.00
EXHIBIT E-1
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPTS FROM THE 2007-3 SECURITIES
AS OF NOVEMBER 3, 2016
$57,314.00 $2,341,332.00 Cash Receipts Cash Receipts
0.330000% 0.570000% Total Attributable to the Attributable to the
Payment SLGS (1) SLGS (1) Cash DSRF Contribution 2016 Bond Proceeds
Date 01-Mar-17 01-Sep-17 Receipts at 4.26005% at 95.73995%
01-Mar-17 $57,375.15 $57,375.15 $2,444.21 $54,930.94
01-Sep-17 $2,352,374.11 2,352,374.11 100,212.36 2,252,161.75
$57,375.15 $2,352,374.11 $2,409,749.26 $102,656.57 $2,307,092.69
(1) U.S. Treasury Certificate of Indebtedness (State and Local Government Series).
Cash Deposit $1.74
Cost of the Securities 2,398,646.00
Total Cost $2,398,647.74
DSRF Contribution $102,183.64
DSRF Contribution as % of Total Cost 4.26005%
2016 Bond Proceeds $2,296,464.10
2016 Bond Proceeds as % of Total Cost 95.73995%
Cost the Securities Allocable to:
DSRF Contribution $102,183.57
2016 Bond Proceeds 2,296,462,43
Total Cost $2,398,646.00
EXHIBIT E-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DESCRIPTION OF THE 2007-3 SECURITIES
AS OF NOVEMBER 3, 2016
Settlement Maturity Par Coupon Total
Type Date Date Amount Rate Price Cost
SLGS 03-Nov-16 01-Mar-17 $57,314.00 0.330% 100,000000% $57,314.00
SLGS 03-Nov-16 01-Sep-17 2,341,332.00 0.570% 100.000000% 2,341,332.00
$2,398,646.00 $2,398,646.00
EXHIBIT E-3
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESCROW ACCOUNT DISBURSEMENT REQUIREMENTS
FOR THE REFUNDED 2007-3 BONDS
AS OF NOVEMBER 3, 2016
Payment For
Payment Principal
Date Rate Redeemed Interest Total
01-Mar-17 $57,375.00 $57,375.00
01-Sep-17 5.000% $2,295,000.00 57,375,00 2,352,375.00
$2,295,000.00 $114,750.00 $2,409,750.00
EXHIBIT E-4
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DEBT SERVICE REQUIREMENTS FOR THE REFUNDED 2007-3 BONDS
ASSUMING NO OPTIONAL REDEMPTIONS PRIOR TO MATURITY
AS OF NOVEMBER 3, 2016
(FOR INFORMATIONAL PURPOSES ONLY)
Payment Payment For Total Debt
Date Rate Principal Interest Payment
01-Mar-17 $57,375.00 $57,375.00
01-Sep-17 57,375,00 57,375,00
01-Mar-18 57,375.00 57,375.00
01-Sep-18 5.000% $185,000.00 57,375.00 242,375.00
01-Mar-19 52,750.00 52,750.00
01-Sep-19 5.000% 190,000.00 52,750.00 242,750.00
01-Mar-20 48,000,00 48,000.00
01-Sep-20 5.000% 200,000.00 48,000,00 248,000.00
01-Mar-21 43,000.00 43,000.00
01-Sep-21 5.000% 210,000.00 43,000.00 253,000.00
01-Mar-22 37,750.00 37,750.00
01-Sep-22 5.000% 220,000.00 37,750.00 257,750.00
01-Mar-23 32,250.00 32,250.00
01-Sep-23 5.000% 235,000.00 32,250.00 267,250,00
01-Mar-24 26,375.00 26,375,00
01-Sep-24 5.000% 245,000.00 26,375.00 271,375,00
01-Mar-25 20,250,00 20,25000
01-Sep-25 5.000% 255,000.00 20,250.00 275,250,00
01-Mar-26 13,875.00 13,875.00
01-Sep-26 5.000% 270,000.00 13,875.00 283,875.00
01-Mar-27 7,125.00 7,125.00
01-Sep-27 5.000% 285,000.00 7,125.00 292,125.00
$2,295,000.00 $792,250.00 $3,087,250.00
EXHIBIT F
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2007-5 ESCROW ACCOUNT CASH FLOW
AS OF NOVEMBER 3, 2016
Cash Cash
Receipts From Disbursements
the 2007-5 From the 2007-5
Securities Escrow Account Cash
Date (Exhibit F-i) (Exhibit F-3) Balance
Beginning
Balance: $2.45
01-Mar-17 $121,676.67 $121,675.63 3.49
01-Sep-17 5,311,674,14 5,311,675,63 2.00
$5,433,350.81 $5,433,351.26
EXHIBIT F-i
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPTS FROM THE 2007-5 SECURITIES
AS OF NOVEMBER 3, 2016
$121,547.00 $5,286,741.00 Cash Receipts Cash Receipts
0.330000% 0.570000% Total Attributable to the Attributable to the
Payment SLGS (1) SLGS (1) Cash DSRF Contribution 2016 Bond Proceeds
Date 01-Mar-17 01-Sep-17 Receipts at 8.05433% at 91.94567%
01-Mar-17 $121,676.67 $121,676.67 $9,800.24 $111,876.43
01-Sep-17 $5,311,674.14 5,311,674.14 427,819.75 4,883,854.39
$121,676.67 $5,311,674.14 $5,433,350.81 $437,619.99 $4,995,730.82
(1) U.S. Treasury Certificate of Indebtedness (State and Local Government Series).
Cash Deposit $2.45
Cost of the Securities 5,408,288.00
Total Cost $5,408,290.45
DSRF Contribution $435,601.55
DSRF Contribution as % of Total Cost 8.05433%
2016 Bond Proceeds $4,972,688.90
2016 Bond Proceeds as % of Total Cost 91.94567%
Cost the Securities Allocable to:
DSRF Contribution $435,601.35
2016 Bond Proceeds 4,972,68665
Total Cost $5,408,288.00
EXHIBIT F-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DESCRIPTION OF THE 2007-5 SECURITIES
AS OF NOVEMBER 3, 2016
Settlement
Type Date
SLGS 03-Nov-16
SLGS 03-Nov-16
Maturity Par
Date Amount
01-Mar-17 $121,547.00
01-Sep-17 5,286,741.00
$5,408,288.00
Coupon Total
Rate Price Cost
0.330% 100.000000% $121,547.00
0.570% 100,000000% 5,286,741.00
$5,408,288.00
EXHIBIT F-3
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESCROW ACCOUNT DISBURSEMENT REQUIREMENTS
FOR THE REFUNDED 2007-5 BONDS
AS OF NOVEMBER 3, 2016
Payment For
Payment Maturing Principal
Date Rate Principal Redeemed Interest Total
01-Mar-17 $121,675.63 $121,675.63
01-Sep-17 Various $130,000.00 $5,060,000.00 121,675,63 5,311,675.63
$130,000.00 $5,060,000.00 $243,351.26 $5,433,351.26
EXHIBIT F-4
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DEBT SERVICE REQUIREMENTS FOR THE REFUNDED 2007-5 BONDS
ASSUMING NO OPTIONAL REDEMPTIONS PRIOR TO MATURITY
AS OF NOVEMBER 3, 2016
(FOR INFORMATIONAL PURPOSES ONLY)
Payment Payment For Total Debt
Date Rate Principal Interest Payment
01-Mar-17 $121,675.63 $121,675.63
01-Sep-17 6.000% $130,000.00 121,675.63 251,675.63
01-Mar-18 117,775.63 117,775,63
01-Sep-18 6.000% 135,000.00 117,775.63 252,775.63
01-Mar-19 113,725.63 113,725.63
01-Sep-19 4.000% 145,000.00 113,725.63 258,725.63
01-Mar-20 110,825.63 110,825.63
01-Sep-20 4.125% 150,000.00 110,825.63 260,825.63
01-Mar-21 107,731.88 107,731.88
01-Sep-21 4.250% 160,000.00 107,731.88 267,731.88
01-Mar-22 104,331.88 104,331.88
01-Sep-22 4.300% 165,000.00 104,331.88 269,331.88
01-Mar-23 100,784.38 100,784.38
01-Sep-23 4.400% 175,000.00 100,784.38 275,784.38
01-Mar-24 96,934.38 96,934.38
01-Sep-24 4.500% 180,000.00 96,934.38 276,934.38
01-Mar-25 92,884.38 92,884.38
01-Sep-25 4.500% 190,000.00 92,884.38 282,884.38
01-Mar-26 88,609.38 88,609.38
01-Sep-26 4.500% 200,000.00 88,609.38 288,609.38
01-Mar-27 84,109.38 84,109.38
01-Sep-27 4.625% 205,000.00 84,109.38 289,109.38
01-Mar-28 79,368.75 79,368.75
01-Sep-28 4.625% 215,000.00 79,368.75 294,368.75
01-Mar-29 74,396.88 74,396.88
01-Sep-29 4.625% 285,000.00 74,396,88 359,396.88
01-Mar-30 67,806.25 67,806.25
01-Sep-30 4.750% 300,000.00 67,806.25 367,806.25
01-Mar-31 60,681.25 60,681.25
01-Sep-31 4.750% 315,000.00 60,681.25 375,681.25
01-Mar-32 53,200.00 53,200.00
01-Sep-32 4.750% 330,000.00 53,200.00 383,200.00
01-Mar-33 45,362.50 45,362.50
01-Sep-33 4,750% 350,000.00 45,362.50 395,362.50
01-Mar-34 37,050.00 37,050.00
01-Sep-34 4.750% 360,000.00 37,050.00 397,050.00
01-Mar-35 28,500.00 28,500.00
01-Sep-35 4.750% 380,000.00 28,500.00 408,500.00
01-Mar-36 19,475.00 19,475.00
01-Sep-36 4.750% 400,000.00 19,475.00 419,475.00
01-Mar-37 9,975.00 9,975.00
01-Sep-37 4.750% 420,000.00 9,975.00 429,975.00
$5,190,000.00 $3,230,407.62 $8,420,407.62
EXHIBIT G
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2008-1 ESCROW ACCOUNT CASH FLOW
AS OF NOVEMBER 3, 2016
Cash
Cash Receipts From: Disbursements
2008-1 Bond 2008-1 Restricted From the 2008-1
Fund Security Securities Total Escrow Account Cash
Date (Exhibit C-i) (Exhibit G-2) Receipts (Exhibit G-4) Balance
Beginning
Balance: $5.49
01-Apr-17 $272,826.07 $592,243.38 $865,069.45 $865,070.00 4.94
01-Oct-17 487,670.15 487,670.15 487,670.00 5.09
01-Apr-18 21,207,667.90 21,207,667.90 21,207,670.00 2.99
$272,826.07 $22,287,581.43 $22,560,407.50 $22,560,410.00
EXHIBIT G-1
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPT FROM THE 2008-1 BOND FUND SECURITY
AS OF NOVEMBER 3, 2016
$272,403.51
0.380000% Total
Payment SLGS (1) Cash
Date 01-Apr-17 Receipt
01-Apr-17 $272,826.07 $272,826.07
$272,826.07 $272,826.07
(1) U.S. Treasury Certificate of Indebtedness (State and
Local Government Series).
EXHIBIT G-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPTS FROM THE 2008-1 RESTRICTED SECURITIES
AS OF NOVEMBER 3, 2016
$531,724.49 $412,504.00 $21,134,753.00
0.380000% 0.600000% 0.690000% Total
Payment SLGS (1) SLGS (1) SLGS (2) Cash
Date 01-Apr-17 01-Oct-17 01-Apr-18 Receipts
01-Apr-17 $532,549.32 $59,694.06 $592,243.38
01-Oct-17 $414,755.25 72,914.90 487,670,15
01-Apr-18 21,207,667.90 21,207,667.90
$532,549.32 $414,755.25 $21,340,276.86 $22,287,581.43
(1) U.S. Treasury Certificate of Indebtedness (State and Local Government Series).
(2) U.S. Treasury Note or Bond (State and Local Government Series).
Settlement Maturity Par
Type Date Date Amount
2008-1 Bond Fund Security:
SLGS 03-Nov-16 01-Apr-17 $272,403.51
$272,403.51
Total
Price Cost
100.000000% $272,403.51
$272,403.51
Coupon
Rate
0.380%
EXHIBIT G-3
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DESCRIPTION OF THE 2008-1 SECURITIES
AS OF NOVEMBER 3, 2016
2008-1 Restricted Securities:
SLGS 03-Nov-16
SLGS 03-Nov-16
SLGS 03-Nov-16
01-Apr-17 531,724.49
01-Oct-17 412,504.00
01-Apr-18 21,134,753.00
$22,078,981.49
$22,351,385.00
0,380% 100.000000% 531,724,49
0.600% 100.000000% 412,504,00
0.690% 100.000000% 21,134,753,00
$22,078,981.49
$22,351,385.00
EXHIBIT G-4
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESCROW ACCOUNT DISBURSEMENT REQUIREMENTS
FOR THE REFUNDED 2008-1 BONDS
AS OF NOVEMBER 3, 2016
Payment For
Payment Maturing Principal
Date Rate Principal Redeemed Interest Total
01-Apr-17 4.000% $370,000.00 $495,070.00 $865,070.00
01-Oct-17 487,670.00 487,670.00
01-Apr-18 Various 380,000.00 $20,340,000.00 487,670.00 21,207,670.00
EXHIBIT G-5
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DEBT SERVICE REQUIREMENTS FOR THE REFUNDED 2008-1 BONDS
ASSUMING NO OPTIONAL REDEMPTIONS PRIOR TO MATURITY
AS OF NOVEMBER 3,2016
(FOR INFORMATIONAL PURPOSES ONLY)
Payment Payment For Total Debt
Date Rate Principal Interest Payment
01-Apr-17 4,000% $370,000.00 $495,070.00 $865,070.00
01-Oct-17 487,670.00 487,670.00
01-Apr-18 4.000% 380,000.00 487,670.00 867,670.00
01-Oct-18 480,070.00 480,070.00
01-Apr-19 4.000% 1,345,000.00 480,070.00 1,825,070.00
01-Oct-19 453,170.00 453,170.00
01-Apr-20 4.250% 1,400,000.00 453,170.00 1,853,170.00
01-Oct-20 423,420.00 423,420.00
01-Apr-21 4.250% 1,460,000.00 423,420.00 1,883,420.00
01-Oct-21 392,395.00 392,395.00
01-Apr-22 4.375% 1,520,000.00 392,395.00 1,912,395.00
01-Oct-22 359,145.00 359,145.00
01-Apr-23 4.500% 1,590,000.00 359,145.00 1,949,145.00
01-Oct-23 323,370.00 323,370.00
01-Apr-24 4.700% 1,655,000.00 323,370.00 1,978,370.00
01-Oct-24 284,477.50 284,477.50
01-Apr-25 4.800% 1,740,000.00 284,477.50 2,024,477.50
01-00-25 242,717.50 242,717.50
01-Apr-26 4.900% 1,825,000.00 242,717.50 2,067,717.50
01-Oct-26 198,005.00 198,005.00
01-Apr-27 5.000% 1,915,000.00 198,005.00 2,113,005.00
01-Oct-27 150,130.00 150,130.00
01-Apr-28 5.000% 2,010,000.00 150,130.00 2,160,130.00
01-Oct-28 99,880.00 99,880.00
01-Apr-29 5.000% 305,000.00 99,880.00 404,880.00
01-Oct-29 92,255.00 92,255.00
01-Apr-30 5.100% 320,000.00 92,255.00 412,255.00
01-Oct-30 84,095.00 84,095.00
01-Apr-31 5.100% 340,000.00 84,095.00 424,095.00
01-00-31 75,425.00 75,425.00
01-Apr-32 5.100% 355,000.00 75,425.00 430,425.00
01-Oct-32 66,372.50 66,372.50
01-Apr-33 5.100% 375,000.00 66,372.50 441,372.50
01-Oct-33 56,810.00 56,810.00
01-Apr-34 5.200% 395,000.00 56,810.00 451,810.00
01-Oct-34 46,540.00 46,540.00
01-Apr-35 5.200% 415,000.00 46,540.00 461,540.00
01-Oct-35 35,750.00 35,750.00
01-Apr-36 5.200% 435,000.00 35,750.00 470,750.00
01-Oct-36 24,440.00 24,440.00
01-Apr-37 5.200% 460,000.00 24,440.00 484,440.00
01-Oct-37 12,480.00 12,480.00
01-Apr-38 5.200% 480,000.00 12,480.00 492,480.00
$21,090,000.00 $9,272,305.00 $30,362,305.00
EXHIBIT 11
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2008-2 ESCROW ACCOUNT CASH FLOW
AS OF NOVEMBER 3, 2016
Cash Cash
Receipts From Disbursements
the 2008-2 From the 2008-2
Securities Escrow Account Cash
Date (Exhibit H-i) (Exhibit 11-3) Balance
Beginning
Balance: $1.86
01-Dec-16 $73,055.00 $73,055.00 1.86
01-Jun-17 73,054.95 73,055.00 1.81
01-Dec-17 73,054.65 73,055.00 1.46
01-Jun-18 3,133,054.54 3,133,055,00 1.00
$3,352,219.14 $3,352,220.00
EXHIBIT H-i
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPTS FROM THE 2008-2 SECURITIES
AS OF NOVEMBER 3, 2016
$73,055.00 $59,715.00 $61,622.00 $3,121,816.00
0.000000% 0.460000% 0.630000% 0.720000% Total
Payment SLGS (1) SLGS (1) SLGS (2) SLGS (2) Cash
Date 01-Dec-16 01-Jun-17 01-Dec-17 01-Jun-18 Receipts
01-Dec-16 $73,055.00 $73,055.00
01-Jun-17 $59,873.04 $223.81 $12,958.10 73,054.95
01-Dec-17 61,816.11 11,238.54 73,054.65
01-Jun-18 3,133,054.54 3,133,054.54
$73,055.00 $59,873.04 $62,039.92 $3,157,251.18 $3,352,219.14
(1) U.S. Treasury Certificate of Indebtedness (State and Local Government Series).
(2) U.S. Treasury Note or Bond (State and Local Government Series).
EXHIBIT 11-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DESCRIPTION OF THE 2008-2 SECURITIES
AS OF NOVEMBER 3, 2016
Type
Settlement
Date
Maturity
Date
Par
Amount
Coupon
Rate
SLGS 03-Nov-16 01-Dec-16 $73,055.00 0.000%
SLGS 03-Nov-16 01-Jun-17 59,715.00 0.460%
SLGS 03-Nov-16 01-Dec-17 61,622.00 0.630%
SLGS 03-Nov-16 01-Jun-18 3,121,816.00 0.720%
$3,316,208.00
Total
Price Cost
100,000000% $73,055.00
100.000000% 59,715.00
100.000000% 61,622.00
100.000000% 3,121,816.00
$3,316,208.00
EXHIBIT 11-3
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESCROW ACCOUNT DISBURSEMENT REQUIREMENTS
FOR THE REFUNDED 2008-2 BONDS
AS OF NOVEMBER 3, 2016
Payment For
Payment
Date Rate
Principal
Redeemed Interest Total
01-Dec-16 $73,055.00 $73,055.00
01-Jun-17 73,055.00 73,055,00
01-Dec-17 73,055.00 73,055.00
01-Jun-18 Various $3,060,000.00 73,055.00 3,133,055.00
$3,060,000.00 $292,220.00 $3,352,220.00
EXHIBIT 11-4
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DEBT SERVICE REQUIREMENTS FOR THE REFUNDED 2008-2 BONDS
ASSUMING NO OPTIONAL REDEMPTIONS PRIOR TO MATURITY
AS OF NOVEMBER 3, 2016
(FOR INFORMATIONAL PURPOSES ONLY)
Payment Payment For Total Debt
Date Rate Principal Interest Payment
01-Dec-16 $73,055.00 $73,055.00
01-Jun-17 73,055.00 73,055.00
01-Dec-17 73,055.00 73,055.00
01-Jun-18 73,055.00 73,055.00
01-Dec-18 73,055.00 73,055.00
01-Jun-19 4.400% $245,000.00 73,055.00 318,055.00
01-Dec-19 67,665.00 67,665.00
01-Jun-20 4.500% 260,000.00 67,665.00 327,665.00
01-Dec-20 61,815.00 61,815.00
01-Jun-21 4.600% 270,000.00 61,815.00 331,815.00
01-Dec-21 55,605,00 55,605.00
01-Jun-22 4.700% 285,000.00 55,605,00 340,605,00
01-Dec-22 48,907.50 48,907.50
01-Jun-23 4.750% 295,000.00 48,907.50 343,907.50
01-Dec-23 41,901.25 41,901.25
01-Jun-24 4.800% 310,000.00 41,901.25 351,901.25
01-Dec-24 34,461,25 34,461.25
01-Jun-25 4850% 325,000.00 34,461.25 359,461.25
01-Dec-25 26,580,00 26,580,00
01-Jun-26 4.900% 340,000.00 26,580.00 366,580,00
01-Dec-26 18,250.00 18,250,00
01-Jun-27 5,000% 355,000.00 18,250.00 373,250.00
01-Dec-27 9,375,00 9,375.00
01-Jun-28 5.000% 375,000.00 9,375.00 384,375.00
$3,060,000.00 $1,167,450.00 $4,227,450.00
EXHIBIT I
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2009-1 ESCROW ACCOUNT CASH FLOW
AS OF NOVEMBER 3, 2016
Cash Cash
Receipts From Disbursements
the 2009-1 From the 2009-1
Securities Escrow Account Cash
Date (Exhibit 14) (Exhibit 1-3) Balance
Beginning
Balance: $1.51
01-Mar-17 $23,606.35 $23,606.25 1.61
01-Sep-17 48,605.89 48,606.25 1.25
01-Mar-18 22,981.12 22,981.25 1.12
01-Sep-18 847,981.13 847,981.25 1,00
$943,174.49 $943,175.00
EXHIBIT 1-1
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
CASH RECEIPTS FROM THE 2009-1 SECURITIES
AS OF NOVEMBER 3, 2016
$21,447.00 $45,116.00 $19,704.00 $844,771.00 Cash Receipts Cash Receipts
0330000% 0570000% 0.680000% 0.760000% Total Attributable to the Attributable to the
Payment SLGS (1) SLGS (1) SLGS (2) SLGS (2) Cash DSRF Contribution 2016 Bond Proceeds
Date 01-Mar-17 01-Sep-17 01-Mar-18 01-Sep-18 Receipts at 7.85932% at 92.14068%
01-Mar-17 $21,469.88 $43.68 $2,092.79 $23,606.35 $1,855.30 $21,751.05
01-Sep-17 $45,328.77 66.99 3,210.13 48,605.89 3,820.09 44,785.80
01-Mar-18 19,770.99 3,210,13 22,981.12 1,806.16 21,174.96
01-Sep-18 847,981.13 847,981.13 66,645.57 781,335.56
$21,469.88 $45,328.77 $19,881.66 $856,494.18 $943,174.49 $74,127.13 $869,047.36
(I) U.S. Treasury Certificate of Indebtedness (State and Local Government Series).
(2) U.S. Treasury Note or Bond (State and Local Government Series).
Cash Deposit $1.51
Cost of the Securities 931,038.00
Total Cost $931,039.51
DSRF Contribution $73,173.40
DSRF Contribution as % of Total Coat 7.85932%
2016 Bond Proceeds $857,866.11
2016 Band Proceeds as % of Total Cost 92.14068%
Cost the Securities Allocable to:
DSRF Contribution $73,173.28
2016 Bond Proceeds 857,864.72
Total Cost $931,038.00
EXHIBIT 1-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DESCRIPTION OF THE 20094 SECURITIES
AS OF NOVEMBER 3, 2016
Settlement Maturity Par Coupon Total
Type Date Date Amount Rate Price Cost
SLGS 03-Nov-16 01-Mar-17 $21,447.00 0,330% 100.000000% $21,447.00
SLGS 03-Nov-16 01-Sep-17 45,116.00 0.570% 100.000000% 45,116.00
SLGS 03-Nov-16 01-Mar-18 19,704.00 0.680% 100.000000% 19,704.00
SLGS 03-Nov-16 01-Sep-18 844,771.00 0.760% 100.000000% 844,771.00
$931,038.00 $931,038.00
EXHIBIT 1-3
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESCROW ACCOUNT DISBURSEMENT REQUIREMENTS
FOR THE REFUNDED 2009-1 BONDS
AS OF NOVEMBER 3, 2016
Payment For
Payment Maturing Principal
Date Rate Principal Redeemed Interest Total
01-Mar-17 $23,606.25 $23,606.25
01-Sep-17 5.000% $25,000.00 23,606.25 48,606.25
01-Mar-18 22,981.25 22,981.25
01-Sep-18 Various 25,000.00 $800,000.00 22,981.25 847,981.25
$50,000.00 $800,000.00 $93,175.00 $943,175.00
EXHIBIT 1-4
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
DEBT SERVICE REQUIREMENTS FOR THE REFUNDED 2009-1 BONDS
ASSUMING NO OPTIONAL REDEMPTIONS PRIOR TO MATURITY
AS OF NOVEMBER 3, 2016
(FOR INFORMATIONAL PURPOSES ONLY)
Payment Payment For Total Debt
Date Rate Principal Interest Payment
01-Mar-17 $23,606.25 $23,606.25
01-Sep-17 5.000% $25,000.00 23,606.25 48,606.25
01-Mar-18 22,981.25 22,981.25
01-Sep-18 5.000% 25,000.00 22,981.25 47,981.25
01-Mar-19 22,356.25 22,356.25
01-Sep-19 5.000% 25,000.00 22,356.25 47,356.25
01-Mar-20 21,731.25 21,731.25
01-Sep-20 5,000% 25,000.00 21,731.25 46,731.25
01-Mar-21 21,106.25 21,106.25
01-Sep-21 5.000% 30,000.00 21,106.25 51,106.25
01-Mar-22 20,356.25 20,356.25
01-Sep-22 5.000% 30,000.00 20,356.25 50,356.25
01-Mar-23 19,606.25 19,606,25
01-Sep-23 5.250% 30,000.00 19,606.25 49,606.25
01-Mar-24 18,818.75 18,818,75
01-Sep-24 5.250% 30,000.00 18,818.75 48,818.75
01-Mar-25 18,031.25 18,031.25
01-Sep-25 5.375% 35,000.00 18,031.25 53,031.25
01-Mar-26 17,090.63 17,090,63
01-Sep-26 5.500% 35,000.00 17,090,63 52,090.63
01-Mar-27 16,128.13 16,128.13
01-Sep-27 5.500% 40,000.00 16,128.13 56,128.13
01-Mar-28 15,028.13 15,028.13
01-Sep-28 5.500% 40,000.00 15,028.13 55,028.13
01-Mar-29 13,928,13 13,928.13
01-Sep-29 5.625% 40,000.00 13,928.13 53,928,13
01-Mar-30 12,803,13 12,803.13
01-Sep-30 5.750% 45,000.00 12,803.13 57,803.13
01-Mar-31 11,509.38 11,509.38
01-Sep-31 5.750% 45,000,00 11,509.38 56,509.38
01-Mar-32 10,215,63 10,215.63
01-Sep-32 5.750% 50,000.00 10,215,63 60,215.63
01-Mar-33 8,778.13 8,778.13
01-Sep-33 5.750% 55,000.00 8,778.13 63,778.13
01-Mar-34 7,196.88 7,196.88
01-Sep-34 5.875% 55,000.00 7,196.88 62,196,88
01-Mar-35 - 5,581.25 5,581,25
01-Sep-35 5.875% 60,000.00 5,581.25 65,581.25
01-Mar-36 3,818.75 3,818.75
01-Sep-36 5.875% 65,000.00 3,818.75 68,818.75
01-Mar-37 1,909.38 1,909.38
01-Sep-37 5.875% 65,000.00 1,909.38 66,909.38
$850,000.00 $625,162.60 $1,475,162.60
EXHIBIT J
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
YIELD ON THE 2016 BONDS
AS OF NOVEMBER 3,2016
Present Value at
Payment For November 3, 2016
2016-3 2016-4 Callable Using a Semi-Annually
Payment Bonds Bonds Premium Bond Total Debt Compounded Yield of
Date (Exhibit 3-1) (Exhibit J-2) Adjustments Payment 2.59845%
01-Dec-16 $718,633.96 $721,432.22 $1,440,066.18 $1,437,177.42
01-Jun-17 1,658,046.89 710,250.00 2,368,296,89 2,333,232.09
01-Dec-17 8,808,046.89 1,660,250.00 10,468,296.89 10,181,029.39
01-Jun-18 1,586,546.89 696,000.00 2,282,546.89 2,191,438.22
01-Dec-18 10,696,546.89 1,686,000.00 12,382,546.89 11,735,818.03
01-Jun-19 1,404,346.89 671,250.00 2,075,596.89 1,941,959.91
01-Dec-19 9,624,346.89 1,716,250.00 11,340,596.89 10,474,348.63
01-Jun-20 1,239,946.89 645,125.00 1,885,071.89 1,718,750.71
01-Dec-20 10,344,946.89 1,735,125.00 12,080,071.89 10,872,974.16
01-Jun-21 1,057,846.89 617,875.00 1,675,721.89 1,488,931.24
01-Dec-21 9,287,846.89 1,762,875.00 11,050,721.89 9,692,977.67
01-Jun-22 893,246.89 589,250.00 1,482,496.89 1,283,672.44
01-Dec-22 5,383,246.89 1,794,250.00 7,177,496.89 6,135,179.90
01-Jun-23 780,996.89 559,125.00 1,340,121.89 1,130,817.32
01-Dec-23 5,665,996.89 1,819,125.00 7,485,121.89 6,235,063.65
01-Jun-24 658,871.89 527,625.00 1,186,496.89 975,668.94
01-Dec-24 5,108,871.89 1,852,625.00 6,961,496.89 5,651,091.95
01-Jun-25 547,621.89 494,500.00 1,042,121.89 835,107.00
01-Dec-25 5,282,621.89 1,884,500.00 7,167,121.89 5,669,728.42
01-Jun-26 429,246.89 459,750.00 888,996.89 694,243.10
01-Dec-26 5,434,246.89 1,919,750.00 $19,685,000.00 27,038,996.89 20,844,705.69
01-Jun-27 304,121.89 423,250.00 (492,125.00) 235,246.89 179,028.82
01-Dec-27 5,159,121.89 1,958,250.00 (2,027,125.00) 5,090,246.89 3,824,122.23
01-Jun-28 182,746.89 384,875.00 (453,750.00) 113,871.89 84,450.71
01-Dec-21 2,937,746.89 1,999,875.00 (4,823,750.00) 113,871.89 83,367.58
01-Jun-29 113,871.89 344,500.00 (344,500,00) 113,871.89 82,298.33
01-Dec-29 788,871.89 2,034,500.00 (2,034,500.00) 788,871.89 562,826.91
01-Jun-30 103,746.89 302,250.00 (302,250,00) 103,746.89 73,069.70
01-Dec-30 803,746.89 2,082,250.00 (2,082,250.00) 803,746.89 558,824.45
01-Jun-31 92,809.39 257,750.00 (257,750,00) 92,809.39 63,700.36
01-Dec-31 812,809.39 2,122,750.00 (2,122,750,00) 812,809.39 550,722.14
01-Jun-32 81,559.39 211,125.00 (211,125.00) 81,559.39 54,552.12
01-Dec-32 831,559.39 2,171,125.00 (2,171,125.00) 831,559.39 549,066.34
01-Jun-33 69,371.89 162,125.00 (162,125.00) 69,371.89 45,217.75
01-Dec-33 854,371.89 2,217,125.00 (2,217,125.00) 854,371.89 549,751.25
01-Jun-34 56,615.64 110,750.00 (110,750.00) 56,615.64 35,962.47
01-Dec-34 851,615.64 2,275,750.00 (2,275,750.00) 851,615.64 534,011.52
01-Jun-35 43,200.01 56,625.00 (56,625.00) 43,200.01 26,741.43
01-Dec-35 868,200.01 2,321,625.00 (2,321,625.00) 868,200.01 530,535.57
01-Jun-36 29,278.13 29,278.13 17,661.68
01-Dec-36 889,278.13 889,278.13 529,565.96
01-Jun-37 14,765.63 14,765.63 8,680.17
01-Dec-37 889,765.63 889,765.63 516,351.93
$103,391,247.04 $45,959,432.22 ($4,782,000.00) $144,568,679.26 $122,984,425.30
Dated Date: 03-Nov-16
Delivery Date: 03-Nov-1 6
The above aggregate present value of the future payments equals the following:
2016-3 Bonds 2016-4 Bonds Total
Par Value of the Issue $80,435,000.00 $29,400,000.00 $109,835,000.00
Net Original Issue Premium 9,180,555.75 4,118,869.55 13,299,425.30
Surety Premium (150,000.00)
Proceeds on Delivery Date $89,615,555.75 $33,518,869.55 $122,984,425.30
EXHIBIT J-1
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2016-3 BOND DEBT SERVICE REQUIREMENTS AND PRODUCTION
AS OF NOVEMBER 3, 2016
Original Issue
Payment Payment For Total Debt Reoffering Premium! Total
Date Rate Principal Interest Payment Price (Discount) Production
01-Dec-16 2,000% $460,000.00 $258,633.96 $718,633.96 100.084% $386.40 $460,386.40
01-Jun-17 1,658,046.89 1,658,046.89
01-Dec-17 2.000% 7,150,000.00 1,658,046.89 8,808,046.89 100,982% 70,213,00 7,220,213,00
01-Jun-18 1,586,546.89 1,586,546.89
01-Dec-18 4.000% 9,110,000.00 1,586,546.89 10,696,546,89 105,516% 502,507.60 9,612,507.60
01-Jun-19 1,404,346.89 1,404,346.89
01-Dec-19 4,000% 8,220,000,00 1,404,346.89 9,624,346.89 107.679% 631,213,80 8,851,213,80
01-Jun-20 1,239,946.89 1,239,946.89
01-Dec-20 4.000% 9,105,000.00 1,239,946.89 10,344,946.89 109.561% 870,529.05 9,975,529.05
01-Jun-21 1,057,846.89 1,057,846.89
01-Dec-21 4.000% 8,230,000,00 1,057,846,89 9,287,846.89 111.194% 921,266.20 9,151,266.20
01-Jun-22 893,246.89 893,246.89
01-Dec-22 5.000% 4,490,000.00 893,246.89 5,383,246.89 118.216% 817,898.40 5,307,898.40
01-Jun-23 780,996.89 780,996.89
01-Dec-23 5.000% 4,885,000,00 780,996.89 5,665,996.89 119.414% 948,373.90 5,833,373.90
01-Jun-24 658,871.89 658,871.89
01-Dec-24 5.000% 4,450,000.00 658,871.89 5,108,871.89 120.452% 910,114,00 5,360,114.00
01-Jun-25 547,621.89 547,621.89
01-Dec-25 5.000% 4,735,000.00 547,621.89 5,282,621.89 121.274% 1,007,323,90 5,742,323.90
01-Jun-26 429,246,89 429,246.89
01-Dec-26 5.000% 5,005,000,00 429,246.89 5,434,246.89 122.048% 1,103,502,40 6,108,502.40
01-Jun-27 304,121.89 304,121.89
01-Dec-27 5.000% 4,855,000.00 304,121.89 5,159,121.89 121.358% 1,036,930,90 5,891,930.90
01-Jun-28 182,746.89 182,746.89
01-Dec-28 5.000% 2,755,000.00 182,746.89 2,937,746.89 119.587% 539,621.85 3,294,621,85
01-Jun-29 113,871.89 113,871,89
01-Dec-29 3,000% 675,000.00 113,871.89 788,871.89 98.612% (9,369.00) 665,631.00
01-Jun-30 103,746.89 103,746.89
01-Dec-30 3.125% 700,000.00 103,746,89 803,746.89 98.595% (9,835.00) 690,165.00
01-Jun-31 92,809.39 92,809.39
01-Dec-31 3.125% 720,000.00 92,809.39 812,809.39 97.699% (16,567.20) 703,432.80
01-Jun-32 81,559.39 81,559,39
01-Dec-32 3,250% 750,000.00 81,559.39 831,559.39 97.559% (18,307.50) 731,692.50
01-Jun-33 69,371.89 69,371.89
01-Dec-33 3.250% 785,000.00 69,371.89 854,371.89 97.559% (19,161.85) 765,838.15
01-Jun-34 56,615.64 56,615.64
01-Dec-34 3.375% 795,000.00 56,615.64 851,615.64 96,838% (25,137.90) 769,862.10
01-Jun-35 43,200.01 43,200,01
01-Dec-35 3,315% 825,000,00 43,200.01 868,200,01 96.838% (26,086.50) 798,913.50
01-Jun-36 29,278.13 29,218.13
01-Dec-36 3.375% 860,000,00 29,278.13 889,278.13 96.838% (27,193.20) 832,806.80
01-Jun-37 14,765,63 14,765,63
01-Dec-37 3,375% 875,000.00 14,765.63 889,765.63 96,838% (27,667.50) 847,332.50
$80,435,000.00 $22,956,247.04 $103,391,247.04 $9,180,555.75 $89,615,555.75
EXHIBIT J-2
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
2016-4 BOND DEBT SERVICE REQUIREMENTS AND PRODUCTION
AS OF NOVEMBER 3, 2016
Original Issue
Payment Payment For Total Debt Reoffering Premium! Total
Date Rate Principal Interest Payment Price (Discount) Production
01-Dec-16 2.000% $610,000.00 $111,432.22 $721,432.22 100.077% $469.70 $610,469.70
01-Jun-17 710,250.00 710,250.00
01-Dec-17 3,000% 950,000.00 710,250.00 1,660,250.00 101,888% 17,936.00 967,936.00
01-Jun-18 696,000.00 696,000.00
01-Dec-18 5.000% 990,000,00 696,000.00 1,686,000.00 107.303% 72,299.70 1,062,299.70
01-Jun-19 671,250.00 671,250.00
01-Dec-19 5,000% 1,045,000.00 671,250.00 1,716,250.00 110.043% 104,949.35 1,149,949,35
01-Jun-20 645,125.00 645,125,00
01-Dec-20 5.000% 1,090,000.00 645,125,00 1,735,125,00 112.441% 135,606.90 1,225,606.90
01-Jun-21 617,875.00 617,875.00
01-Dec-21 5.000% 1,145,000.00 617,875.00 1,762,875.00 114,519% 166,242.55 1,311,242.55
01-Jun-22 589,250.00 589,250.00
01-Dec-22 5.000% 1,205,000.00 589,250.00 1,794,250.00 116.216% 195,402.80 1,400,402.80
01-Jun-23 559,125.00 559,125.00
01-Dec-23 5.000% 1,260,000.00 559,125.00 1,819,125.00 117.113% 215,623.80 1,475,623,80
01-Jun-24 527,625.00 527,625,00
01-Dec-24 5.000% 1,325,000.00 527,625.00 1,852,625,00 118.021% 238,778.25 1,563,778.25
01-Jun-25 494,500.00 494,500,00
01-Dec-25 5.000% 1,390,000.00 494,500.00 1,884,500,00 118.582% 258,289.80 1,648,289,80
01-Jun-26 459,750.00 459,750.00
01-Dec-26 5.000% 1,460,000.00 459,750.00 1,919,750.00 119,102% 278,889.20 1,738,889.20
01-Jun-27 423,250,00 423,250.00
01-Dec-27 5.000% 1,535,000.00 423,250,00 1,958,250.00 117.756% 272,554,60 1,807,554.60
01-Jun-28 384,875.00 384,875.00
01-Dec-28 5.000% 1,615,000.00 384,875,00 1,999,875.00 116.523% 266,846.45 1,881,846.45
01-Jun-29 344,500.00 344,500.00
01-Dec-29 5.000% 1,690,000.00 344,500.00 2,034,500,00 115.772% 266,546.80 1,956,546.80
01-Jun-30 302,250.00 302,250.00
01-Dec-30 5.000% 1,780,000,00 302,250.00 2,082,250,00 114.934% 265,825.20 2,045,825.20
01-Jun-31 257,750.00 257,750.00
01-Dec-31 5.000% 1,865,000,00 257,750.00 2,122,750.00 114.287% 266,452.55 2,131,452.55
01-Jun-32 211,125.00 211,125.00
01-Dec-32 5.000% 1,960,000.00 211,125.00 2,171,125,00 113.736% 269,225.60 2,229,225,60
01-Jun-33 162,125.00 162,125,00
01-Dec-33 5.000% 2,055,000.00 162,125.00 2,217,125,00 113.188% 271,013.40 2,326,013.40
01-Jun-34 110,750.00 110,750,00
01-Dec-34 5.000% 2,165,000.00 110,750.00 2,275,750.00 112.734% 275,691.10 2,440,691,10
01-Jun-35 56,625.00 56,625.00
01-Dec-35 5.000% 2,265,000.00 56,625,00 2,321,625.00 112,372% 280,225.80 2,545,225.80
$29,400,000.00 $16,559,432.22 $45,959,432.22 $4,118,869.55 $33,518,869.55
n*i :u i;ilici
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
YIELD ON THE PORTION OF THE RESTRICTED SECURITIES
PURCHASED WITH 2016 BOND PROCEEDS
AS OF NOVEMBER 3, 2016
Cash Receipts from the Portion of the Restricted Securities Present Value at
Purchased with 2016 Bond Proceeds to Refund the: November 3, 2016
Refunded Refunded Refunded Refunded Refunded Using a Semi-Annually
2007-3 Bonds 2007-5 Bonds 2008-1 Bonds 2008-2 Bonds 2009-1 Bonds Compounded Yield of
Date (Exhibit E-i) (Exhibit F-i) (Exhibit G-2) (Exhibit H-i) (Exhibit I-i) Total 0.67510%
01-Dec-16 $73,055.00 $73,055.00 $73,016.72
01-Mar-17 $54,930.94 $111,876.43 $21,751.05 188,558.42 188,142.34
01-Apr-17 $592,243.38 592,243.38 590,604.72
01-Jun-17 73,054.95 73,054.95 72,771.03
01-Sep-17 2,252,161.75 4,883,854.39 44,785.80 7,180,801.93 7,140,852.79
01-Oct-17 487,670.15 487,670.15 484,684.79
01-Dec-17 73,054.65 73,054.65 72,525.92
01-Mar-18 21,174.96 21,174.96 20,986.32
01-Apr-18 21,207,667.90 21,207,667,90 21,006,933.28
01-Jun-18 3,133,054.54 3,133,054.54 3,099,915.61
01-Sep-18 781,335.56 781,335.56 771,769.77
$2,307,092.69 $4,995,730.82 $22,287,581.43 $3,352,219.14 $869,047.36 $33,811,671.44 $33,522,203.29
Cost of the Restricted Securities Purchased with 2016 Bond Proceeds to Refund the:
Refunded 2007-3 Bonds $2,296,462.43
Refunded 2007-5 Bonds 4,972,686.65
Refunded 2008-1 Bonds 22,078,981.49
Refunded 2008-2 Bonds 3,316,208.00
Refunded 2009-1 Bonds 857,864.72
$33,522,203.29
EXHIBIT L
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION REFUNDING BONDS,
2016 SERIES THREE AND 2016 SERIES FOUR
ESTIMATED SOURCES AND USES OF FUNDS
AS OF NOVEMBER 3, 2016
Sources of Funds:
Par Value of Bonds $109,835,000.00
Net Original Issue Premium 13,299,425.30
Borrower Reserve Fund Contribution:
Refunded 2006-2 Bonds 394,321.52
Refunded 2007-3 Bonds 102,183,64
Refunded 2007-5 Bonds 435,601.55
Refunded 2009-1 Bonds 73,173.40
Bond Fund Contribution:
Refunded 2008-I Bonds 272,409,00
Bond Bank for COI Contribution:
Refunded 2006-B Bonds 49,868.67
New Money 11,594.23
Bond Bank Reserve Contribution:
Refunded 2006-2 Bonds 1,809,734.06
Refunded 2007-1 Bonds 1,216,161.21
Refunded 2007-2 Bonds 700,610,83
Bond Bank Surety 75,000.00
Total Sources of Funds $128,275,083.41
Uses of Funds:
Beginning Cash Balance for the:
2006-B Escrow Account $10.27
2006-2 Escrow Account 1.99
2007-1 Escrow Account 9.21
2007-2 Escrow Account 3.57
2007-3 Escrow Account 1.74
2007-5 Escrow Account 2.45
2008-1 Escrow Account 5.49
2008-2 Escrow Account 1.86
2009-1 Escrow Account 1.51
Cost of the:
2006-B Securities 18,755,988.00
2006-2 Securities 33,468,510,00
2007-1 Securities 11,479,628.00
2007-2 Securities 23,594,216.00
2007-3 Securities 2,398,646.00
2007-5 Securities 5,408,288.00
2008-1 Securities 22,351,385.00
2008-2 Securities 3,316,208.00
2009-1 Securities 931,038.00
Project Fund Deposit 5,000,000.00
Borrower Reserve Fund Deposit 461,581.28
Surety Premium 150,000.00
Bond Insurance 9,700,00
Underwriter's Discount 334,923.07
Issuance Costs 570,018.00
Additional Proceeds 44,915.97
Total Uses of Funds $128,275,083.41