Sec. 37.16.810. Regulations.
The corporation may adopt regulations necessary to implement the provisions of this chapter.
Sec. 37.15.720. State toll facilities.
The state is authorized to acquire, construct, equip, and maintain toll bridges, tunnels, highways, roads, crossings, and causeways found to be necessary by the commissioner of transportation and public facilities.
Sec. 37.15.730. Review of toll facility projects.
A toll facility may be financed under AS 37.15.610 – 37.15.760 if the following conditions are met for that toll facility: (1) the department submits to the governor and the legislature a feasibility study that finds that the toll facility is financially feasible and able to produce revenue adequate to repay the bonds with which […]
Sec. 37.15.740. Toll facility charges.
The commissioner of transportation and public facilities shall fix and collect the fees, charges, tolls, and rentals derived by the state from the ownership, lease, use, and operation of the facilities authorized by AS 37.15.720 and 37.15.730 and improvements of the facilities as will provide revenue sufficient to comply with all of the covenants of […]
Sec. 37.15.750. Statutory construction.
AS 37.15.610 – 37.15.760 shall be liberally construed in order to carry out the purposes for which the provisions were enacted, and all existing laws in conflict with AS 37.15.610 – 37.15.760 are superseded as necessary to accomplish the purposes of AS 37.15.610 – 37.15.760.
Sec. 37.15.760. Definitions.
In AS 37.15.610 – 37.15.760, unless the context requires otherwise, (1) “bond redemption fund” means the toll facilities revenue bond redemption fund created by AS 37.15.640, including any accounts that are created in that fund after October 4, 1984; (2) “bond resolution” means the resolution authorizing the issuance of bonds, adopted by the committee under […]
Sec. 37.15.800. Tax-exempt bonds and tax credits.
(a) As authorized under 26 U.S.C. 146(e), the state bond committee shall allocate the private activity bond volume limit for the state. Each year at least 25 percent of the limit shall be allocated to municipalities. If the committee determines that a portion of the limit allocated to municipalities will not be used by a […]
Sec. 37.15.900. Bond authorization.
(a) For purposes of financing prepayment of all or a portion of a governmental employer’s share of unfunded accrued actuarial liability of retirement systems, including the costs of issuance and administration, the issuance and sale of bonds of the state by the committee is authorized as provided in this section and AS 37.15.903 – 37.15.955, […]
Sec. 37.15.903. Pension obligation bond limit.
The total unpaid principal amount of bonds, including refunding bonds, but excluding refunded bonds, issued by all state entities added together, for the purposes of financing prepayment of all or a portion of a governmental employer’s share of unfunded accrued liability of retirement systems, may not exceed $1,500,000,000 or a funding ratio of actuarial assets […]
Sec. 37.15.905. Bond redemption fund.
(a) There is established a special fund of the state, known as the pension obligation bond redemption fund, which is a trust fund for paying and securing the payment of the principal of and interest and redemption premium, if any, on the bonds, and which shall be at all times completely segregated and set apart […]