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. 29.55.130. Recording of notice of assessment.
(a) A municipality that authorizes financing through assessments under AS 29.55.105 shall file written notice of each assessment in the property records of the recording district in which the property is located. (b) The notice under (a) of this section must contain (1) the amount of the assessment; (2) the legal description of the property; […]
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. 29.55.135. Lien.
(a) Assessments under AS 29.55.105 and any interest or penalties on the assessments are liens on the property assessed and are prior and paramount to all liens except municipal tax liens and special assessments. Assessment liens may be enforced as provided in AS 29.45.320 – 29.45.470 for enforcement of property tax liens. (b) Assessment liens […]
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. 29.55.140. Bonds or notes.
(a) A municipality may issue bonds or notes to finance energy and resilience improvement projects subject to assessment under AS 29.55.105. (b) Bonds or notes issued under this section may not be general obligations of the municipality. The bonds or notes must be secured by one or more of the following, as provided by the […]
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. […]