The total amount of such notes issued and outstanding shall at no time exceed the total amount of bonds authorized to be issued.
AS 37.15.360
Limitation on issuance of notes
Known as the State Bonding Act
The act spans §§ 37–37 (111 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.