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.
Sec. 26.27.230. Power of corporation to confer upon obligee right to bring action or proceeding.
The corporation may by resolution, trust indenture, mortgage, lease, or other contract confer upon an obligee holding or representing a specified amount in bonds, or holding a lease, the right upon a default as defined in the resolution or instrument by suit, action, or proceeding (1) to have possession of a space-related project or part […]
Sec. 26.27.240. Exemption of real property of corporation from execution or other process.
All real property of the corporation is exempt from levy and sale by execution, and an execution or other judicial process may not issue against it. A judgment against the corporation may not be a charge or lien upon its real property. However, this section does not limit the right of an obligee to foreclose […]
Sec. 26.27.250. Power of corporation to obtain federal aid and cooperation.
The corporation may borrow, accept contributions, grants, or other financial assistance from the federal government in aid of a space-related project and for this purpose may comply with conditions and enter into the mortgages, trust indentures, leases, or agreements that are necessary, convenient, or desirable in order to obtain financial aid or cooperation from the […]
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 […]