Wow... whoever approved this needs to be fired. Don't leverage the future without allowing the people who pay for the consequences to participate in the decision. What is the urgency? This smells of back - office deals... I say someone needs to follow the money for all those bond fees. Let's see... we are going to use leverage to help solve retirement funding issues at a time when hedge funds run by the smartest investment professionals are folding up due to low returns brought on by central bank's super low interest rates that now have nowhere to go but up (losing money for bond holders and putting downward pressure on stocks). Alaska leadership is playing a risky game at a time where the market is more likely than not to disappoint.