Sec. 19.75.301. Insurance.
The authority shall keep in force public liability insurance in an amount reasonably calculated to cover potential claims for bodily injury, death or disability, and property damage that may arise from or be related to its operation and activities, naming the state as an additional insured.
Sec. 19.75.311. Safeguarding of money.
The authority shall maximize revenue from and deposit all money in depositories acceptable to the commissioner of revenue and otherwise safeguard the money under instructions as the commissioner of revenue may from time to time issue.
Sec. 19.75.321. Fidelity bond.
The authority shall obtain a fidelity bond in an amount determined by the board, for the members of the board and any official responsible for authority accounts and finances. A bond must be in effect for the tenure of the bonded person.
Sec. 19.75.360. Transfer of Knik Arm bridge.
If the department constructs the Knik Arm bridge and appurtenant facilities, the department shall transfer control of the bridge and appurtenant facilities to the authority, and the authority shall operate the bridge and appurtenant facilities. After the transfer of control, the department retains ownership of the bridge, appurtenant facilities, and real property, and retains the […]
Sec. 19.75.911. Exemption from local regulation.
Notwithstanding any contrary provision of law, the activities of the authority are exempt from land use planning, zoning, permitting, or other similar governmental powers of political subdivisions of the state.
Sec. 19.75.915. Liability for payment of tolls and other charges.
The owner of a vehicle using a bridge or facility managed by the authority for which a toll, fee, rate, or other charge is imposed is liable for the payment of the toll, fee, rate, or other charge solely because of the vehicle ownership, unless the vehicle, except a rental vehicle, is used without the […]
Sec. 19.75.980. Definitions.
In this chapter, except as otherwise provided and unless the context requires otherwise, (1) “authority” means the Knik Arm Bridge and Toll Authority; (2) “board” means the board of directors of the authority; (3) “department” means the Department of Transportation and Public Facilities; (4) [Repealed, § 22 ch 61 SLA 2015.]
Sec. 19.75.990. Short title.
This chapter may be cited as the Knik Arm Bridge and Toll Authority Act.
Sec. 19.75.111. Powers and duties of the authority.
(a) In furtherance of its purposes, the authority may (1) operate the Knik Arm bridge and its appurtenant facilities; (2) sue and be sued; (3) adopt a seal; (4) adopt, amend, and repeal regulations under AS 44.62 and establish bylaws; (5) make and execute agreements, contracts, and all other instruments with any public or private […]
Sec. 19.75.113. Assets, funds, and revenue of the authority.
(a) The Department of Revenue shall separately account for all funds, assets, and revenue of the authority. (b) The deposit or investment of money in the authority’s funds may be made as the board determines. The interest earned on or profits derived from the deposit, investment, or sale of an investment by the authority are […]