Table Of Contents h PRELIMINARY OFFICIAL STATEMENT DATED MAY 23, 2013
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as $35,110,000*
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o e General Obligation and Refunding Bonds, 2013 Series Two
offers tall ther $19,305,000* $15,805,000*
may or sh General Obligation and Refunding Bonds General Obligation Bonds
e sold nor ecurities n (Tax-Exem20p1t 3GAo vSeerrniemse Tnwtaol Purpose) (Q2u0a1l3ifiBe Sde 5r0ie1s( cT)w(3o))
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may not y these DatedT: h De aAtlaes okfa DMeulniviceiprya l Bond Bank (the “Bond Bank”) is issuing $___________* princDipuael: a mAos usnhto owf nG eonne rianls Oidbeli gcaotvioenr
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mpletion or amendment without notice. These sonstitute an offer to sell or the solicitation of an he securities laws of any such jurisdiction. abDomi2etPtEnhhn0aefaNeat ee1cd reptt Ti3hth u2rsDoit Re ces0roSJsTsuii T1Yuigetp2tCte3yh enrsoa0Sd i. teeSrn1 ePiYh nP y 3setaa1BeSs u rstTr rTT Saaih rti erwsnifeEncweucus rhkd tMoi isl2ihpTa t let 0Dohy.eBs aws”C1 f e ne ort r3oTrochNteen ss wmeSgesBd e.mpi e owospos2 rofS,t b0ani eBneeotY1nedrhsesro3ryosei e AnT b,fd1r“( rkDdwi, w2 “ol SbD sc0iEmiMote olo1yTwlS rn3 mBe iCtmCo eidlholSlm”fRslsaoe n) e D,kI b,neT drm PienwTe iwsneTT co.C phsm orIib s .rnOiIu tcTonaiBDg snNhrdowtt oiceeD ek swnoCicOrb p-eeed ieoiFucnaBslnnsmlerl t ,ot tT sp sma orptneieHrynhnnabdmir dentE vnfeste e coeh y r“ir2nwinr 2,eep1a 0mtt0 sNi,a s2e1l o1t l2l0r3. d 3ofApe01na e nSsas1.3Smo,pultyE3 eyt Soocom. pRr,ersfh uia ereIeir nSytEepicnsoemteg eaStsrsTai iy yeds vtTwTomt ntaefeWflwotto e ersec$ r,oenO B e 5ttdW ttor Bo,osh B0t niaoieDt0wnOfiosd n0 2TchhN sdt t0aChio”ihsDnc1t)er .ee.h3gw S D si t nB”nSiiT oin lareteslanhemet nbrna,eepg ieucdere arr2fiecr s eas0s“osrc slATeu1 ttfieh ma m3wePhnCle a PutefoS eOirsTlnEn edot BwtrirbgNemp uio neo eDlts&n eeefshtt dIns hr eesXTsC s eueitp wr. o ihc Gd asa bh.eoI ia,n ntd re –thpdaBed,en esa Doia oePov yfnrfinTni afmeddwc doCydsu iesmi piiaen astAnlolihi gl intnNp nvois pineaAe stDwuti eyirogaab rny aBel c oi eblDslonhyOfirli tfTt aensOTy w sht Cgf ohhoeKoiil’lpneeessrfl-
ntained herein are subject to coPreliminary Official Statement cgistration or qualification under t TaTBhreHwaernE oekp a 2B lfueTT0todne1hhnrgd3ee deei Ss22sdrs E00 tauf11hRroe33eeIrd E S S BetueSehqonrr euTniide eaWdepssl rlu BOyT Ttn ahww acBnentooOk ud2 ’BaBN0s rl o0o D2ap5nn0tS aadd0G ybs–5sem l ayOanGre repeesenretn atgisc eoleuou rnBnbafra eoejltel rdnhB acR deoltbe noRtypdodb eret ilsmrhRnioegecepdal iustptepioitmloaoielolnundp n,tsogt i. –ifo eooT n Mfanha nt oneahpd ndn2er di0 iaoaBna1 srtpot3 seotan irSorgrdeye ints t rBhmyRti eeaeowesindrnn ik Tet tsh, tmwt oha aoopfent te tdaBhi2dol e0olt n hmr1nM .e3B”da u fstoSunu naelirlrcdri eitifseypa ts oaihdt lfhTea tB twthaewoneosn de. B dBn cSostore ynneae-dsdcd i“qisBxtDu. t aoEih nrfT Se skthdCeh eh reRb ie e2IyBrPs0e o t1Tothno3IfedO fBSo NBBeoreor anOi nndoeFkdssr
Statement and the information conder no circumstances shall this sale would be unlawful prior to re iStnBBsaoerasxeurrncai ektehtdh sitTTh oe, u hhTa nCntesew ada o 2xner2or0trio0 l 1mneBt1 3htdgo3a ae gSp knx See2oedi er0n&w siar0eg ie5ndsB e rpyoGTsr o o o aweTnwfopnoo wkteep thiroBrr nae.do og Bl ip nS SOroordteenbfiasc aeld tAitat ges“linrya oSeodct, n Eihfoooi on fACfnnforde luaoBrairgt Rreoste edckhnI,c o TeadwAtn YlpiRlhyssa aeeFt spoysinkOtolmr,aue Rl a,ucdet s BetongT ia nooetaHn nndt oddEi.d fnf e iotg2fCb hre0ito sent1 usoh t32unrle 0esy S oedp1 Etol,3a. h bRsy SeulmCIirebEge erjlareSiintatec ateTtbsi no tWiTtol fhilw Otetteyhhgo BeaSe oB l Otaf 2oa mpt0Ntnpha1eDdret3 otsS o eSv.Sf. rit” esnNaA rgtweil eealiiet lssolhg k Tfaeba lAwre o tltoppoah aisB enlske oisfoavenan,dyid at oshaun.fn p da WToy nt nhohdf ehoe fc lor Bfr2mroeo 0rtd nt1hohid3etf,
cial m. Un or Governmental Units by their respective bond counsel and for the Underwriters by their counsel, Foster Pepper PLLC of
his Preliminary Offielivered in final foruch offer, solicitatio *SA euaPttortemlelia,m tWeindaa sSrhyei,cn sugurtbiotjnieec.s tI tTtJ oirs. acP neh.sxa fpnMeegrec of.toerrdg d atehnlaiv te trhye t h2r0o1u3g She trhiees f aTcwiloit iBeos nodf sD iTnC d ienfi Nnietwiv eY foMorrkom, rN wgeiawlln Yb oeS ritksa,s ounneld eo ray nadb oauvta Jiluanbele 1 b9,y 2 F0a1s3t.
Tds
$19,305,000*
Alaska Municipal Bond Bank
General Obligation and Refunding Bonds
2013A Series Two
(Tax-Exempt Governmental Purpose)
MATURITIES, AMOUNTS, INTEREST RATES, YIELDS AND CUSIP NUMBERS
CUSIP CUSIP
Interest Number(1) Interest Number(1)
Due Amounts Rate Yield 011798 Due Amounts Rate Yield 011798
December 1, 2013 June 1, 2023
June 1, 2014 June 1, 2024
December 1, 2014 June 1, 2025
June 1, 2015 June 1, 2026
June 1, 2016 June 1, 2027
June 1, 2017 June 1, 2028
June 1, 2018 June 1, 2029
June 1, 2019 June 1, 2030
June 1, 2020 June 1, 2031
June 1, 2021 June 1, 2032
June 1, 2022 June 1, 2033
$__________ ___% Term Bond due June 1, 20__; Yield ___%
CUSIP Number(1) 011798 ___
$15,805,000*
Alaska Municipal Bond Bank
General Obligation Bonds
2013B Series Two
(Qualified 501(c)(3))
MATURITIES, AMOUNTS, INTEREST RATES, YIELDS AND CUSIP NUMBERS
CUSIP CUSIP
Interest Number(1) Interest Number(1)
Due June 1 Amounts Rate Yield 011798 Due June 1 Amounts Rate Yield 011798
2015 2025
2016 2026
2017 2027
2018 2028
2019 2029
2020 2030
2021 2031
2022 2032
2023 2033
2024
$__________ ___% Term Bond due June 1, 20__; Yield ___%
CUSIP Number(1) 011798 ___
* Preliminary, subject to change.
(1) Copyright © 2013 CUSIP Global Services. CUSIP is a registered trademark of the American Bankers Association.
CUSIP Global Services (CGS) is managed on behalf of the American Bankers Association by Standard & Poor’s. These
numbers are not intended to create a database and do not serve in any way as a substitute for the CUSIP Service. CUSIP
numbers are provided for the convenience of reference only. CUSIP numbers are subject to change. The Bond Bank
takes no responsibility for the accuracy of such CUSIP numbers.
This Official Statement is furnished by the Bond Bank to provide information regarding the sale of the 2013 Series
Two Bonds referred to herein and may not be reproduced or be used, in whole or in part, for any other purpose. The
delivery of this Official Statement does not imply that information herein is correct as of any time subsequent to the
date hereof. No dealer, salesman or any other person has been authorized by the Bond Bank to give any information
or to make any representation other than as contained in this Official Statement in connection with the offering
described herein and, if given or made, such other information or representation must not be relied upon as having
been authorized by the foregoing. This Official Statement does not constitute an offer of any securities other than
those described on the cover page or an offer to sell or a solicitation of an offer to buy in any jurisdiction in which it
is unlawful to make such an offer, solicitation, or sale.
The information and expressions of opinion set forth in this Official Statement have been furnished by the Bond
Bank and include information from other sources that the Bond Bank believes to be reliable. Neither this Official
Statement nor any statement which may have been made orally is to be construed as a contract with the owners of
any of the 2013 Series Two Bonds.
The Underwriters have provided the following sentence for inclusion in this Official Statement. The Underwriters
have reviewed the information set forth in this Official Statement in accordance with, and as part of, their
responsibilities to investors under the federal securities laws as applied to the facts and circumstances of this
transaction, but the Underwriters do not guarantee the accuracy or completeness of such information.
UPON ISSUANCE, THE 2013 SERIES TWO BONDS WILL NOT BE REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, AND WILL NOT BE LISTED ON ANY STOCK OR OTHER
SECURITIES EXCHANGE. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY
OTHER FEDERAL, STATE, OR OTHER GOVERNMENTAL ENTITY OR AGENCY, OTHER THAN
THE BOND BANK, WILL HAVE PASSED ON THE ACCURACY OR DETERMINED THE ADEQUACY
OF THIS OFFICIAL STATEMENT OR APPROVED THE 2013 SERIES TWO BONDS FOR SALE. THE
2005 GENERAL BOND RESOLUTION WILL NOT BE QUALIFIED UNDER THE TRUST INDENTURE
ACT OF 1939, AS AMENDED.
The remainder of this page has intentionally been left blank.
ALASKA MUNICIPAL BOND BANK
333 Willoughby Avenue, 11th Floor
P.O. Box 110405
Juneau, Alaska 99811-0405
(907) 465-2388
http://www.revenue.state.ak.us/treasury/ambba/
Board of Directors
Mark Pfeffer - Chair
Luke Welles - Vice Chair
Gregory Gursey - Member
Susan Bell - Member
(Ted Leonard - First Delegate to Susan Bell)
Bryan Butcher – Member
(Angela Rodell - First Delegate to Bryan Butcher)
Executive Director
Deven J. Mitchell
Bond Counsel
Wohlforth, Brecht, Cartledge & Brooking
Anchorage, Alaska
Trustee
The Bank of New York Mellon Trust Company, N.A.
Seattle, Washington
Financial Advisor
Western Financial Group, LLC
Portland, Oregon
The reference above to the Bond Bank’s website is contact information provided only for convenience. The
reference is not a hyperlink and, by this reference, the Bond Bank’s website is not incorporated into this Official
Statement.
TABLE OF CONTENTS
Page
Introduction ................................................................................................................................................................. 1
Purpose of the 2013 Series Two Bonds ....................................................................................................................... 1
Authorization and Purpose ................................................................................................................................... 1
Sources and Uses of Funds ................................................................................................................................... 2
Description of the 2013 Series Two Bonds ................................................................................................................. 4
General Description .............................................................................................................................................. 4
2013 Series Two Bonds ........................................................................................................................................ 4
Optional Redemption ............................................................................................................................................ 4
Mandatory Redemption ........................................................................................................................................ 4
Notice of Redemption ........................................................................................................................................... 5
Selection of 2013 Series Two Bonds for Redemption .......................................................................................... 5
Security for the 2013 Series Two Bonds ..................................................................................................................... 6
General ................................................................................................................................................................. 6
Pledge Effected by the 2005 General Bond Resolution........................................................................................ 6
Municipal Bonds .................................................................................................................................................. 7
2005 General Bond Resolution Reserve Fund ...................................................................................................... 7
State Payments ..................................................................................................................................................... 8
Pledge of the State ................................................................................................................................................ 9
The Alaska Municipal Bond Bank............................................................................................................................. 10
Organization ....................................................................................................................................................... 10
Board of Directors .............................................................................................................................................. 10
Management ....................................................................................................................................................... 11
Future Financing Plans ....................................................................................................................................... 11
Debt Payment Record ......................................................................................................................................... 11
Bonds Outstanding .................................................................................................................................................... 12
1976 General Bond Resolution ........................................................................................................................... 12
2005 General Bond Resolution ........................................................................................................................... 12
2010 Municipal Obligation Bond Resolution ..................................................................................................... 12
Revenue Bond Resolutions ................................................................................................................................. 12
Coastal Energy Impact Program ......................................................................................................................... 12
Direct Loans ....................................................................................................................................................... 13
Loans by the State of Alaska .............................................................................................................................. 13
Total Bond Bank Bonds Issued and Outstanding as of May 1, 2013 ........................................................................ 14
Remaining Debt Capacity After the Issuance of the 2013 Series Two Bonds ........................................................... 14
Debt Service Requirements of Outstanding 2005 General Bond Resolution General Obligation Bonds
and the 2013 Series Two Bonds ......................................................................................................................... 15
Summary of the 2005 General Bond Resolution ....................................................................................................... 16
2005 General Bond Resolution Constitutes Contract ......................................................................................... 16
Obligation of Bonds ........................................................................................................................................... 16
Pledge ................................................................................................................................................................. 16
Power to Issue Bonds and Make Pledges ........................................................................................................... 16
General ............................................................................................................................................................... 16
Waiver of Laws .................................................................................................................................................. 17
Loan Agreement Provisions ............................................................................................................................... 17
Modification of Loan Agreement Terms ............................................................................................................ 18
Enforcement of Municipal Bonds ....................................................................................................................... 18
Funds and Accounts ........................................................................................................................................... 18
Security for Deposits .......................................................................................................................................... 20
Payment of Bonds .............................................................................................................................................. 20
Fees and Charges ................................................................................................................................................ 20
Issuance of Additional Obligations Including for the Purpose of Refunding ..................................................... 20
Defeasance.......................................................................................................................................................... 21
Supplements and Amendments .......................................................................................................................... 21
Events of Default and Remedies ........................................................................................................................ 22
Excess Earnings .................................................................................................................................................. 23
Modifications to the 2005 General Bond Resolution ......................................................................................... 23
Litigation ................................................................................................................................................................... 24
Certain Legal Matters ................................................................................................................................................ 24
Verification of Mathematical Computations ............................................................................................................. 24
Underwriting .............................................................................................................................................................. 24
Financial Advisor ...................................................................................................................................................... 25
Financial Statements .................................................................................................................................................. 25
Tax Matters ................................................................................................................................................................ 25
Ratings ....................................................................................................................................................................... 28
Continuing Disclosure Undertaking .......................................................................................................................... 28
Prior Compliance with Continuing Disclosure Undertakings Under the Rule ................................................... 29
Sources of Certain Information ................................................................................................................................. 30
Definitions ................................................................................................................................................................. 30
Miscellaneous ............................................................................................................................................................ 32
Official Statement ...................................................................................................................................................... 32
APPENDIX A - Form of Legal Opinion
APPENDIX B - State Payments to Governmental Units
APPENDIX C - Government Unit Statistics Regarding Participation in the Bond Bank
APPENDIX D - Summaries of Borrowers Representing 10% or More of Outstanding Principal
APPENDIX E - Financial Statements of the Alaska Municipal Bond Bank for the Year Ended June 30, 2012
APPENDIX F - 2005 General Obligation Bond Resolution
APPENDIX G - DTC and Book-Entry System
OFFICIAL STATEMENT
$35,110,000*
ALASKA MUNICIPAL BOND BANK
GENERAL OBLIGATION AND REFUNDING BONDS
2013 SERIES TWO
$19,305,000* $15,805,000*
General Obligation and Refunding Bonds General Obligation Bonds
2013A Series Two 2013B Series Two
(Tax-Exempt Governmental Purpose) (Qualified 501(c)(3))
INTRODUCTION
This Official Statement is furnished by the Alaska Municipal Bond Bank (the “Bond Bank”) to provide
information regarding the Bond Bank in connection with the sale of $19,305,000* principal amount of General
Obligation and Refunding Bonds, 2013A Series Two (Tax-Exempt Governmental Purpose) (the “2013A Series Two
Bonds”) and $15,805,000* principal amount of General Obligation Bonds, 2013B Series (Qualified 501(c)(3)) (the
"2013B Series Two Bonds”, and together with the 2013A Series Two Bonds, the "2013 Series Two Bonds"). The
Bond Bank was created pursuant to Alaska Statutes 44.85.005 – 44.85.420, as amended (the “Act”), for the primary
purpose of lending money to Governmental Units in the State of Alaska (the “State”) including the purchase of
Municipal Bonds issued by such Governmental Units. Certain capitalized terms used in this Official Statement, and
not otherwise defined herein, are defined under “DEFINITIONS.”
All references herein to agreements and documents are qualified in their entirety by reference to the
definitive forms thereof, and all references to the 2013 Series Two Bonds are further qualified by reference to the
information with respect thereto contained in the 2005 General Obligation Bond Resolution, adopted by the Board of
Directors of the Bond Bank on July 13, 2005, as amended on August 19, 2009 (the “2005 General Bond
Resolution”), and Resolution No. 2013-03, adopted by the Board of Directors of the Bond Bank on May 2, 2013 (the
“Series Resolution,” and together with the 2005 General Bond Resolution, the “Bond Resolution”). All bonds
which are issued under and pursuant to the terms of the 2005 General Bond Resolution are hereafter referred to as
the “Bonds.” Any statements or information which include matters of opinion or estimates are represented as
opinions or estimates in good faith, but no assurance can be given that the facts will materialize as so opined or
estimated.
Appendix D contains financial, economic and demographic summary information relating to the
Governmental Units whose Municipal Bonds represent 10 percent or more of the Loan Obligations outstanding
under the 2005 General Bond Resolution.
PURPOSE OF THE 2013 SERIES TWO BONDS
Authorization and Purpose
The 2013 Series Two Bonds are being issued pursuant to the terms of the Bond Resolution, and are the
twenty-sixth series of Bonds issued under the 2005 General Bond Resolution.
The 2013A Series Two Bonds
New-Money. A portion of the 2013A Series Two Bond proceeds is being used for the following purposes:
(i) to make three loans to Governmental Units; and (ii) to pay a portion of the costs of issuance of the 2013A Series
Two Bonds. A portion of the proceeds of the 2013A Series Two Bonds will be loaned: (a) to the City of Homer to
fund improvements and expansion of Homer’s small boat harbor; (b) to the City of Ketchikan to fund improvements
and expansion of the City’s electric generation system; and (c) to the Municipality of Skagway for construction of
improvements to the City’s small boat harbor.
* - Preliminary, subject to change.
1
Refunding. In addition, a portion of the proceeds of the 2013A Series Two Bonds is being used to refund
and redeem certain outstanding bonds of the Bond Bank (the “Refunded Bonds”). Depending on market
conditions on the pricing date and the resulting savings available as a result of the refunding, the Bond Bank may
refund and redeem all or none of the Refunding Candidates listed in the following table (the "Refunding
Candidates"). The Bond Bank is not obligated to refund any of the Refunding Candidates.
DETAILS OF THE REFUNDING CANDIDATES
Series Designation Principal Amount* Maturities Redemption Date
2002 Series A Revenue $1,245,000 2013 and 2014 Currently Callable
* - All Refunding Candidates subject to call are callable at a price of par on the redemption date.
The Bond Bank will deposit a portion of the proceeds of the 2013A Series Two Bonds in the form of cash
or qualified investments in the custody of The Bank of New York Mellon Trust Company, N.A., Seattle,
Washington. The deposit is expected to provide funds sufficient to pay accrued interest and redeem the principal
amount of the Refunded Bonds on the first available redemption date at the price of par.
The 2013B Series Two Bonds
New Money. The 2013B Series Two Bond proceeds are being used to make a loan to Kodiak Island
Borough for construction of a long term care facility. The facility is to be owned by Kodiak Island Borough and
leased to Providence Health & Services – Washington d/b/a Providence Health & Services in Alaska, an entity
represented to be a 501(c)(3) organization.
Sources and Uses of Funds
The table below presents the sources and uses of funds related to the 2013A Series Two Bonds.
Sources of Funds:
Par Amount of 2013A Series Two Bonds $
Net Original Issue Premium
Alaska Municipal Bond Bank Contribution .
Total Sources of Funds $
Uses of Funds:
Loan to the City of Homer $
Loan to the City of Ketchikan
Loan to the Municipality of Skagway
Deposit to the Reserve Fund
Redemption of Series 2002A Revenue Bonds
Costs of Issuance1
Underwriters’ Discount .
Total Uses of Funds $
(1) Includes bond counsel, financial advisor, rating agencies and other Bond Bank and borrower costs of issuance.
2
The table below presents the sources and uses of funds related to the 2013B Series Two Bonds.
Sources of Funds:
Par Amount of 2013B Series Two Bonds $
Net Original Issue Premium
Alaska Municipal Bond Bank Contribution .
Total Sources of Funds $
Uses of Funds:
Loan to the Kodiak Island Borough
Deposit to the Reserve Fund
Costs of Issuance1
Underwriters’ Discount .
Total Uses of Funds $
(1) Includes bond counsel, financial advisor, rating agencies and other Bond Bank and borrower costs of issuance.
3
DESCRIPTION OF THE 2013 SERIES TWO BONDS
General Description
The 2013 Series Two Bonds are issuable only as fully registered bonds, registered in the name of Cede &
Co., as nominee for The Depository Trust Company, New York, New York (“DTC”), as securities depository for the
2013 Series Two Bonds. Principal of and interest on the 2013 Series Two Bonds are payable by The Bank of New
York Mellon Trust Company, N.A., of Seattle, Washington, as Trustee under the 2005 General Bond Resolution, to
DTC which, in turn, is obligated to disburse such principal and interest payments to its participants (the “DTC
Participants”) in accordance with DTC procedures. See “Appendix G – DTC and Book-Entry System.”
2013 Series Two Bonds
The 2013 Series Two Bonds mature on the dates and bear interest at the rates set forth on the inside cover
page of this Official Statement. The 2013 Series Two Bonds are issuable in denominations of $5,000 or any integral
multiple thereof within a single maturity, are dated as of the date of delivery and bear interest from their date
payable on December 1, 2013, and semiannually thereafter on each June 1 and December 1 to their date of maturity
or prior redemption, whichever may occur first.
Optional Redemption
The 2013 Series Two Bonds maturing on or after June 1, 2024 are subject to redemption in whole or in
part at the option of the Bond Bank on any date on or after June 1, 2023 at a price of 100% of the principal
amount thereof to be redeemed plus accrued interest to the date of redemption. The Governmental Units may
prepay their loans on terms identical to the redemption provisions associated with the 2013 Series Two Bonds.
Mandatory Redemption
The 2013A Series Two Bonds maturing on June 1, 20__, are subject to mandatory sinking fund
redemption on June 1 of the years and in the principal amounts set forth in the following table. Any such
redemption shall be at a price equal to 100 percent of the principal amount to be redeemed plus accrued and
unpaid interest thereon to the date fixed for redemption, but without premium.
Principal
Date Amount
June 1, 20__
June 1, 20__*
* Maturity
The 2013B Series Two Bonds maturing on June 1, 20__, are subject to mandatory sinking fund
redemption on June 1 of the years and in the principal amounts set forth in the following table. Any such
redemption shall be at a price equal to 100 percent of the principal amount to be redeemed plus accrued and
unpaid interest thereon to the date fixed for redemption, but without premium.
Principal
Date Amount
June 1, 20__
June 1, 20__*
* Maturity
4
Description:This Official Statement is furnished by the Bond Bank to provide information regarding the sale of the 2013 Series Two Bonds referred to herein and may not be
