Sec. 26.27.260. Exemption from taxes and assessments.
The property of the corporation is public property used for essential public and governmental purposes and this property and the corporation are exempt from all taxes and special assessments of a municipality, the state, or a political subdivision of the state. However, instead of taxes, the corporation may make payments to the municipality or political […]
Sec. 26.27.270. Disposal of surplus property.
(a) The corporation may convey real or personal property that it determines is in excess of its needs. Except as provided in (b) of this section, the sale shall be by public auction or by sealed bids. Public notice shall be given by publishing notice of the sale at least once a week for two […]
Sec. 26.27.280. Public loans or donations to or cooperation with corporation.
(a) A public body or agency of the state may (1) lend or donate money or property to the corporation; (2) cooperate with it in the planning, construction, or operation of a project; (3) transfer to it an interest in property, grant an easement, undertake otherwise authorized construction of facilities adjacent to a project; (4) […]
Sec. 26.27.290. Reserve fund.
(a) The corporation shall establish and maintain a special fund called the Alaska Aerospace Corporation reserve fund in which there shall be deposited or transferred (1) all money appropriated by the legislature for the purpose of the fund in accordance with the provisions of (g) of this section; (2) all proceeds of bonds required to […]
Sec. 26.27.300. Cooperation with other authorities.
In issuing a bond, the corporation may request the assistance of and work with the Alaska Industrial Development and Export Authority and the Alaska Municipal Bond Bank Authority. The Alaska Industrial Development and Export Authority may invest in and issue bonds for space-related projects of the Alaska Aerospace Corporation. The Alaska Industrial Development and Export […]
Sec. 26.27.310. Investment of revenue.
The revenue and receipts of the corporation, to the extent they are not needed to pay bonds or other obligations of the corporation, shall be invested by the commissioner of revenue in cooperation with the corporation.
Sec. 26.27.320. Legality of corporation bonds as investments.
Bonds of the corporation are legal and proper investments and security for public and private banking, insurance, and trust funds.
Sec. 26.27.900. Definitions.
In this chapter, (1) “board” means the board of directors of the Alaska Aerospace Corporation; (2) “corporation” means the Alaska Aerospace Corporation; (3) “landing site” means a site or facility designed, intended, or used for the landing or recovery of space vehicles, aircraft, or balloons; (4) “launch site” means a site or facility designed, intended, […]
Sec. 26.27.210. Additional powers to secure bonds or obligations under leases.
In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of bonds or lease obligations, the corporation, in addition to its other powers, may (1) pledge all or a part of its gross or net rents, fees, or revenues to which its right exists […]
Sec. 26.27.220. Right of obligee of corporation to bring injunction.
An obligee of the corporation may, in addition to all other rights that may be conferred and subject only to contractual restriction binding upon the obligee, seek an injunction or an action in nature of an action for mandamus against the members, the corporation, its officers, agents, or employees.