According to Alaska Admin. Code tit. 20, § 17.045, a surety bond must be posted by an institution and an agent according to a sliding scale, based upon the revenue either received by an institution from all enrolled students during the previous academic year or as the Alaska Commission on Postsecondary Education projects the institution will earn in the upcoming academic year. See "Postsecondary Educational Institutions" table in Alaska Admin. Code tit. 20, § 17.045(b) for specific bond amounts in relation to institution revenue.