Alaska Student Loan Corporation

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.

Investors

Corporation Board Members

Appointed Member	Designee
Lydia Wirkus, Chair ACPE Member Term Ends 2013
Randy Weaver, Vice Chair ACPE Member Term Ends 2015
Susan Bell Commissioner of Commerce, Community and Economic Development Term Ends With Office	Lorene Palmer Designee of Commissioner of Commerce, Community and Economic Development Director; Economic Development Term Ends With Office
Bryan Butcher Commissioner of Revenue Term Ends With Office	Angela Rodell 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 Term Ends With Office

Rochelle Rogers, Corporation Secretary
Rochelle.Rogers@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.

Randy Weaver, Vice Chair
Alaska Commission on Postsecondary Education

Randy Weaver, CPA, of Fairbanks was appointed to the Commission by Governor Sean Parnell as a representative of the general public in July 2012. He is currently Executive Vice President and Chief Financial Officer at Denali State Bank. He previously held Controller and Director of Internal Audit positions at the University of Alaska. Weaver received his Bachelors of Business Administration- Accounting from the University of Alaska Fairbanks, and is continuing his education in accounting and auditing, balance sheet management, interest rate risk management and bank investment portfolio management.

Michael Barnhill
Deputy Commissioner of Administration
Designee, Department of Administration

Michael Barnhill was designated to the Board in March 2011 by Commissioner Becky Hultberg. Prior to his current position in which he manages seven divisions in the Department of Administration, he has been a practicing attorney in Alaska for 17 years. He began in private practice, and spent 12 years with the Department of Law serving as an assistant attorney general. Mr. Barnhill received his bachelor of arts degree from College of Wooster where he majored in history and religious studies, and later earned his juris doctor from Cornell Law School.

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.

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.

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 public service.

Lorene Palmer
Director, Economic Development
Designee, Department of Commerce, Community and Economic Development

Lorene Palmer was designated to the Board in January 2013 by Commissioner Susan Bell. Ms. Palmer became the Director of Economic Development in the Department of Commerce, Community and Economic Development (DCCED) in November 2012. Palmer previously served as president and CEO of the Juneau Convention & Visitors Bureau (JCVB) for 10 ½ years, where her primary objective was the enhancement of Juneau’s economy through the sustained promotion of the community as a leisure and convention destination. Additional professional experience includes serving as owner of Cornerstone Consulting, as an Assistant Professor at the University of Alaska Southeast, and as the Executive Director of the Southeast Alaska Tourism Council. Palmer received her Bachelor of Business Administration from the University of Hawaii.

Angela Rodell
Deputy Commissioner of Revenue
Designee, Department of Revenue

Angela Rodell was delegated by Commissioner Bryan Butcher in September 2011 to serve in his absence. Biographical information is expected soon.

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