Sec. 44.85.380. Expenses of administration.
All expenses incurred in carrying out this chapter are payable solely from revenues or funds appropriated under this chapter and nothing in this chapter authorizes the bond bank authority to incur an indebtedness or liability on behalf of or payable by the state.
Sec. 44.85.230. Purchase and disposition of own obligations.
The bond bank authority may purchase bonds or notes of the bond bank authority out of its funds or money available for the purchase of its own bonds and notes. The bond bank authority may hold, cancel, or resell the bonds or notes subject to and in accordance with agreements with holders of its bonds […]
Sec. 44.85.390. Cooperation by government agencies.
All officers, departments, boards, agencies, divisions, and commissions of the state shall render services to the bond bank authority that are within the area of their respective governmental functions and that may be requested by the bond bank authority and must comply promptly with any reasonable request by the bond bank authority relating to making […]
Sec. 44.85.240. Bond anticipation notes.
Notwithstanding any law applicable to a municipality as to the period for temporary financing of a public improvement or purpose by issuance of its notes in anticipation of the issuance of permanent bonds or as to the renewal of bond anticipation notes, the bond bank authority may purchase and the municipality may issue bond anticipation […]
Sec. 44.85.400. Public records; open meetings.
The provisions of AS 40.25.110 – 40.25.120 (public records) and AS 44.62.310 – 44.62.319 (Open Meetings Act) apply to the bond bank authority.
Sec. 44.85.250. Documentation.
All municipal bonds purchased, held, or owned by the bond bank authority, upon delivery to the bond bank authority, must be accompanied by all documentation required by the authority.
Sec. 44.85.410. Definitions.
In this chapter, unless the context requires otherwise, (1) “bond bank authority” means the Alaska Municipal Bond Bank Authority established by AS 44.85.020; (2) “bonds” means bonds of the bond bank authority issued under this chapter; (3) “governmental employer” means the State of Alaska or a municipality or other state or municipal governmental entity within […]
Sec. 44.85.260. Presumption of validity.
After issuance, all bonds or notes of the bond bank authority shall be conclusively presumed to be fully authorized and issued under the laws of the state, and a person or a municipality is estopped from questioning their authorization, sale, issuance, execution, or delivery by the bond bank authority.
Sec. 44.85.270. Reserve fund.
(a) The bond bank authority shall establish and maintain a special fund called the “Alaska municipal bond bank authority 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 […]
Sec. 44.85.280. Additional funds and accounts.
The bond bank authority may establish additional reserves or other funds or accounts as may be, in its discretion, necessary, desirable, or convenient to further the accomplishment of its purposes or to comply with the provisions of any of its agreements or resolutions.