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of directors of the authority; (3) “department” means the Department of Transportation and Public Facilities; (4) [Repealed, § 22 ch 61 SLA 2015.]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 […]
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.