Tab_270CERTIFICATE OF THE DEPARTMENT OF LAW
AS TO I GATION AND OTHER MATTERS ERS
$109,835,000
ALASKA MUNICIPAL BOND BANK AU iCRITY
GENERAL OBLIGATION AND REFUND 11,G BONDS
2016 SERIES THREE AND 2016 SERIES FOUR
The State of Alaska (the "State") Department of Law (the "Department"), in connection
with the issuance by the Alaska Municipal Bond Bank (the "Bond Bank") of $109,835,000
aggregate principal amount of the Bond Bank's General Obligation and Refunding Bonds, 2016
Series Three and 2016 Series Four (collectively, the "Bonds"), hereby confirms that:
1, To the best knowledge of the supervising attorneys in the Department, all
approvals, consents and orders of any State governmental authority, board, agency or
commission having jurisdiction that would constitute conditions precedent to the performance
by the Bond Bank of its obligations under the 2005 General Obligation Bond Resolution,
adopted by the Board of Directors of the Bond Bank (the "Board") on July 13, 2005 as amended
and as supplemented by Resolution No. 2016-05, adopted by the Board on September 6, 2016
(as so amended and supplemented, the "Bond Resolution"), the Bonds and each of the
transaction documents listed on Appendix A hereto (collectively, the "Transaction Documents")
have been obtained.
2. There is no litigation or proceeding pending against the State, including the Bond
Bank, or to the knowledge of the supervising attorneys in the Department, after due inquiry,
threatened, in any way affecting the existence of the Bond Bank, or the titles of its officers to
their respective offices, or seeking to restrain or to enjoin the authorization, sale, or delivery of
the Bonds, or the right, power and authority of the Bond Bank to issue the Bonds and to collect
the Municipal Bond Payments pledged to pay the principal of and interest on the Bonds, or the
pledge thereof, or in any way contesting or affecting the validity or enforceability as to the Bond
Bank of the Bond Resolution, the Bonds or any of the Transaction Documents, or contesting the
powers of the Bond Bank or its authority with respect to the Bond Resolution, the Bonds or the
Transaction Documents,
3, To the knowledge of the supervising attorneys in the Department, the information
in Appendix G under the caption "Litigation" relating to the State, including the Bond Hank, in
the Preliminary Official Statement dated October 5, 2016 as supplemented on October 12, 2016
or in the Official Statement dated October 18, 2016, related to the Bonds is true and correct,
4. The Bond Resolution has been duly adopted by the Board of the Bond Bank and
is a valid and binding obligation of the Authority.
All capitalized terms used but not defined herein shall have the meanings ascribed thereto
in the Bond Resolution.
Dated this 3rd day of November 2016.
JAHNA LINDEMUTH
ATTORNEY GENERAL
By:JjM'orie L. Vandor
f Assistant Attorney General
OBF40EWIUI MW
TRANSACTION DOCUMENTS
Loan Agreements, each dated as of October 18, 2016, between the Bond Bank and each
of the City and Borough of Juneau and the City of Ketchikan;
One or more Amendatory Loan Agreements, each dated as of October 18, 2016, between
the Bond Bank and each of (i) the City of Petersburg (two Amendatory Loan
Agreements); (ii) the Aleutians East Borough; (iii) the Kodiak Island Borough; (iv) the
City of Ketehikan; (v) the Kenai Peninsula Borough; (vi) the City of Wasilla; (vi) the
Municipality of Skagway (two Amendatory Loan Agreements); (vii) the City of Seward
(two Amendatory Loan Agreements); (viii) the City and Borough of Sitka (two
Amendatory Loan Agreements); (ix) the Northwest Artie Borough (two Amendatory
Loan Agreements); (x) the City of Nome (two Amendatory Loan Agreements); (xi) the
City of Kodiak (four Amendatory Loan Agreements); (xii) the City of Dillingham; and
(xiii) the City of Bethel;
Bond Purchase Agreement in connection with the 2016 Series Three Bonds, dated
October 18, 2016, between the Bond Bank and RBC Capital Markets, LLC on behalf of
itself and as representative of Merrill Lynch, Pierce, Penner & Smith Incorporated;
Bond Purchase Agreement in connection with the 2016 Series Four Bonds, dated October
18, 2016, between the Bond Bank and RBC Capital Markets, LLC on behalf of itself and
as representative of Goldman, Sachs & Co.
Continuing Disclosure Certificate, dated November 3, 2016 (the "Continuing Disclosure
Certificate"), executed and delivered by the Bond Bank.
OTISUSA:765975387.3