Sec. 19.75.261. Exemption from taxation.
The real and personal property of the authority and its assets, income, and receipts are declared to be the property of a political subdivision of the state and are exempt from all taxes and special assessments of the state or a political subdivision of the state. Nothing in this section affects or limits an exemption […]
Sec. 19.75.281. Audit.
The legislative auditor annually shall audit, or cause to have audited, the financial records of the authority. The legislative auditor may prescribe the form and content of the financial records of the authority and shall have access to these records at any reasonable time.
Sec. 19.75.291. State appropriations for Knik Arm bridge and appurtenant facilities not affected.
This chapter does not prevent the state from making appropriations for or in aid of the operation of the Knik Arm bridge and its appurtenant facilities.
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.]