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. 26.27.140. Approval of projects by legislature.
Notwithstanding any other provision of this chapter, a proposed construction project of $1,000,000 or more shall be submitted by the corporation to the legislature for approval at a regular session of the legislature.
Sec. 26.27.150. Issuance of bonds, notes, and refunding bonds.
(a) Except as provided in (b) of this section, the corporation may issue bonds in its discretion for any of its corporate purposes and may issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. (b) The corporation may not, without prior legislative approval, issue bonds, other than refunding bonds, […]
Sec. 26.27.160. Security for bonds.
The corporation may issue bonds including but not limited to bonds on which the principal and interest are payable (1) exclusively from the income and revenue of the space-related project financed with the proceeds of the bonds, (2) exclusively from the income and revenue of designated space-related projects whether or not they are financed in […]
Sec. 26.27.010. Creation and termination of corporation.
(a) The Alaska Aerospace Corporation is created as a public corporation of the state. The corporation is a body corporate and politic located for administrative purposes within the Department of Military and Veterans’ Affairs and affiliated with the University of Alaska but with a separate and independent legal existence. (b) The corporation may not be […]
Sec. 26.27.170. Limitation of liability on bonds.
The members of the corporation and a person executing the bonds are not liable personally on the bonds by reason of their issuance. The bonds of the corporation are not a debt of the state or a political or municipal corporation or other subdivision of the state, including the University of Alaska, and each bond […]
Sec. 26.27.020. Board of directors.
(a) The powers and responsibilities of the corporation are vested in the board of directors. The board of directors of the corporation consists of nine members appointed by the governor as follows: (1) three state residents who have a significant high level of experience in the private business sector, specializing in financing or economic development […]
Sec. 26.27.180. Issuance and sale of bonds and notes.
Bonds and notes of the corporation are authorized by adoption of a resolution prescribing the date of issuance and maturity, interest rate, denomination, form, conversion privilege, rank or priority, execution, terms of redemption, medium, and place of payment. Bonds and notes may be sold in the manner, on the terms, and at the price the […]