Results of Tender Offer Regarding Auction Rate Education Loan Revenue Bonds
The Alaska Student Loan Corporation (ASLC) is a public corporation and governmental instrumentality, but has a legal existence independent of and separate from the State. The Corporation is governed by a Board of Directors. The supervision of the administration of ASLC activities is delegated to the Executive Officer, who is also the Executive Director of the Commission. The Board's primary responsibilities are to:
- authorize and oversee investments
- fund the Commission's education programs
- set investment policies, loan fees, interest rates, and program benefits
The ASLC's Board of Directors is appointed by the Governor. It consists of two members of the Alaska Commission on Postsecondary Education, and the Commissioner of Commerce, Community, and Economic Development; the Commissioner of Administration, and the Commissioner of Revenue. The Commissioners may appoint a designee to serve in their place.
The Board annually selects a Chair and Vice Chair from its membership, who may serve more than one term.
Meetings of the Alaska Student Loan Corporation are called by the Chair as necessary to conduct the business of the Corporation. Meetings are open to the general public. Meeting dates, time, and location are announced through public notices.
ASLC Investor Relations
ASLC Financial Statements and Trust Documents
Trust Monitoring Report
Corporation Board:
| Appointed Member |
Designee |
Lydia Wirkus, Chair
ACPE Member
Term Ends 2013 |
|
Hugh "Noel" Grant, Vice Chair
ACPE Member
Term Ends 2012 |
|
Susan Bell
Commissioner of Commerce, Community and Economic Development
Term Ends With Office |
Cathy Jeans
Designee of Commissioner of Commerce, Community and Economic Development
Operations Manager, Division of Economic Development
Term Ends With Office |
Bryan Butcher
Commissioner of Revenue
Term Ends With Office |
Jerry Burnett
Designee of Commissioner of Revenue
Deputy Commissioner; Treasury
Term Ends With Office |
Becky Hultberg
Commissioner of Administration
Term Ends With Office |
Michael Barnhill
Designee of Commissioner of Administration
Deputy Commissioner |
Donna Vargas, Corporation Secretary
donna.vargas@alaska.gov
Lydia H. Wirkus, Chair
Alaska Commission on Postsecondary Education
Lydia Wirkus of Chugiak serves as one of two ACPE members of the Corporation board. Ms. Wirkus was appointed to the Commission by Governor Sarah Palin in March 2007 as a representative of the general public. Ms. Wirkus was a professional educator in the Matanuska Susitna Borough School District for almost fourteen years at both Wasilla High School and Burchell High School, formerly Mat Su Alternative School. She created and taught several governmental courses, with an emphasis in special education and learning disabled student participation. She was successful in obtaining several federal state grants on behalf of the school district. At the time of her departure from teaching, she became involved in activities surrounding the Governor's campaign. Ms. Wirkus is a graduate of Florida State University, with a B.A. in International Affairs. She has a Master of Science in Special Education from Florida International University, and a Master of Education in Foods and Nutrition from the University of North Carolina.
Hugh "Noel" Grant, Vice Chair
Alaska Commission on Postsecondary Education
Hugh 'Noel" Grant of Juneau serves as one of two ACPE members of the Corporation board. Mr. Grant was appointed to the Commission by Governor Palin in July 2008 as a representative of the general public. Mr. Grant has been a property and land developer in Juneau since 1961, and has owned several businesses, including D. J. G. Development and Western Auto Marine. He currently owns Grant's Plaza Western-Auto-Marine. He has served on the Board of Directors for Alaska Pacific Bank since 1990. Mr. Grant has previously served a number of years on the Juneau Planning Commission, Juneau Personnel Board, and City and Borough of Juneau Assembly.
Michael Barnhill
Deputy Commissioner of Administration
Designee, Department of Administration
Michael Barnhill was designated to the Board in March 2011 by Commissioner Becky Hultberg. His biorgraphical information is pending.
Susan Bell
Commissioner of Commerce, Community and Economic Development
Susan Bell was appointed Commissioner of the Department of Commerce, Community and Economic Development in July 2010. Ms. Bell previously served as special assistant to Governor Parnell in tourism industry matters, developing an expertise through her work with the Juneau Convention and Visitors Bureau and Goldbelt, Inc. She has worked on economic development projects throughout the state, and gained a statewide perspective from research work with Juneau's McDowell Group. As Commissioner, Ms. Bell oversees seven divisions and seven independent agencies, including the Alaska Aeorspace Development Corporation, the Alaska Seafood Marketing Institute, and Alaska Energy Authority, with a mutual mission to encourage and contribute to the state's economic growth through business development and investments in Alaska, the Lower 48, and in international markets, as well as to promote independent sustainable communities, with a focus on rural Alaska. Ms. Bell received a bachelor's degree from the University of Alaska.
Jerry Burnett
Deputy Commissioner of Revenue
Designee, Department of Revenue
Jerry Burnett was appointed Deputy Commissioner of Revenue in January 2009 after having served as Acting Deputy Commissioner for the preceding five months. Prior to his appointment, he was the Administrative Services Director and Legislative Liaison for the Department of Revenue for four years. Other state service includes two years as Administrative Director at the Department of Corrections, and 12 years as staff to the Alaska State Senate Finance Committee, and Budget and Audit Committee. From 1983 to 2002, Mr. Burnett was an adjunct professor of business at the University of Alaska Southeast. During that time he also worked as a real estate broker, and life and health insurance agent. He has master's degrees in both Business Administration and Public Administration from the University of Alaska, and a Bachelor of Science degree in Occupational Safety and Health from Central Washington University.
Bryan Butcher
Commissioner of Revenue
Bryan Butcher was appointed to Commissioner of Revenue by Governor Parnell in November 2010. Prior to his appointment, he was the director of governmental relations and public affairs at the Alaska Housing Finance Corporation (AHFC), and advised Governor Parnell on economic development issues. He also served as vice president of the Alaska Gasline Development Corporation, and he coordinated Governor Parnell's transition advisory teams. Before joining AHFC in 2003, Commissioner Butcher worked as a finance aide for the state House and Senate finance committees for 12 years. He holds a bachelor's degree in speech communication from the University of Oregon.
Catherine Jeans
Operations Manager, Division of Economic Development
Designee, Department of Commerce, Community and Economic Development
Cathy Jeans was delegated by Commissioner Bell to the Corporation in August 2010. Ms. Jeans started with the Division in 1997 as an Accountant III, and was promoted to Accountant V in 2007. She has over 25 years of service to the state, working in various accounting positions for the Departments of Administration and Education and Early Development. Prior to her state service, Ms. Jeans worked over six years in accounting in the private sector, which included auditing and full cycle bookkeeping for various small companies. She earned her Associate Degree with an emphasis in accounting from Lane Community College in Oregon, and continues to work on her educational goals through the University of Alaska.
Becky Hultberg
Commissioner of Administration
Becky Hultberg was named Commissioner of Administration by Governor Parnell in November 2010. Prior to her appointment, she worked for Providence Health & Services, leading the organization's efforts in communications, marketing, community relations and web communications. Before joining Providence, Commissioner Hultberg was vice president of public relations and strategy for Bradley Reid & Associates, a marketing and public relations firm. Her prior service for the state included press secretary, special assistant, and boards and commissions director under the Murkowski Administration. In those roles she handled a variety of statewide policy and communications issues. Commissioner Hultberg earned a bachelor's degree in history from Abilene Christian University, with minors in economics and publc service.
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