Sec. 29.47.240. Revenue bonds.
(a) A municipality may issue negotiable or nonnegotiable revenue bonds for a public enterprise or public corporation of the municipality where the only security is the revenue of the public enterprise or corporation. (b) A municipality may issue its revenue bonds to finance the purchase of residential mortgage loans. The revenue bonds issued under this […]
Sec. 29.47.250. No election required.
An election is not required to authorize the issuance and sale of revenue bonds, unless otherwise provided by ordinance.
Sec. 29.47.260. Applicability of AS 37.10.085.
The prohibitions of AS 37.10.085 do not apply to the issuance of revenue bonds or the use of proceeds from revenue bonds by a home rule or general law municipality.