Sec. 29.47.390. Other municipal financing.
(a) A municipality may authorize by ordinance or resolution the issuance of negotiable or nonnegotiable revenue bonds to finance any project that serves a public purpose, and the bonds shall be secured and payable from any source except revenues, including tax revenue, of the municipality. (b) Bonds issued under this section are not a debt […]
Sec. 29.47.400. Sale.
Bonds and notes issued under this chapter may be sold at either public or private sale by the municipality in the manner and at the price it determines.
Sec. 29.47.410. Forms and terms.
The municipality may by ordinance or resolution fix the date, denominations, maturities, rate or rates of interest, redemption terms, registration privileges, manner of execution, signatures required, purchase price, manner of sale, and other requirements for issuing bonds or notes under this chapter. If an official whose signature appears on the bonds or coupons ceases to […]
Sec. 29.47.420. Interest rate.
The interest rate payable on a bond or note issued under this chapter shall be determined by the municipality and is not subject to the usury rate limitations of AS 45.45.010.
Sec. 29.47.430. Redemption before maturity.
A bond or note issued under this chapter may be made subject to redemption before maturity as stated in the authorization or in the bond or note.
Sec. 29.47.440. Borough indebtedness.
(a) A borough may incur indebtedness on (1) an areawide basis for areawide functions; or (2) a nonareawide basis for functions performed only in the borough area outside all cities; or (3) a service area basis for functions performed only in a service area. (b) Payment of debt principal and interest as well as other […]
Sec. 29.47.450. Service area debt.
The indebtedness of a service area acquired under AS 29.47.440 remains the indebtedness of the area that incurred the debt, notwithstanding a subsequent court determination that the service area was not validly formed under law or by virtue of a defect in the proceedings creating the service area. All property in the service area remains […]
Sec. 29.47.460. Debt for improvement area projects.
(a) A municipality may issue bonds to finance or to make loans to finance the acquisition, construction, rehabilitation, or development of public improvements in improvement areas. The municipality may issue the bonds as general obligation bonds or as revenue bonds or as a combination of revenue bonds, general obligation bonds, and other forms of indebtedness. […]
Sec. 29.47.480. Accrued actuarial liabilities of retirement systems.
(a) A municipality, or two or more municipalities jointly, may enter into a lease or other contractual agreement with a trustee, or the Alaska Municipal Bond Bank Authority or a subsidiary of the authority, a subsidiary of the Alaska Housing Finance Corporation, the state bond committee, or the Alaska Pension Obligation Bond Corporation in connection […]
Sec. 29.47.040. Priority of repayment.
The payment of the principal and interest on revenue anticipation notes is payable from revenues, and their payment additionally shall be secured by a pledge of the full faith and credit of the municipality issuing them.