State Bonding Act

Alaska · Public Finance · §§ 37.15.010 to 37.15.955 · 111 sections

Overview

The State Bonding Act governs how Alaska borrows through bonded debt, covering both general obligation bonds backed by the state's full faith and credit and revenue bonds secured by toll bridge collections. It creates a state bond committee — setting its membership, duties, regulations, and limits on who may bid — and establishes dedicated accounts including a debt retirement fund, a continuing appropriation for debt service, and construction, revenue, and redemption funds tied to toll bridge work. It also fixes the mechanics of the bonds themselves, addressing authorization and election notice, manner of sale, interest and maturity, redemption, form and registration, signatures, and place of payment, while providing for refunding, official statements, negotiability, use as legal investments, and remedies available to bondholders.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

AS 37.15.010Full faith and credit for general obligation bonds
AS 37.15.011Alaska debt retirement fund
AS 37.15.012Continuing debt service appropriation
AS 37.15.015Notice before election
AS 37.15.020Manner and amounts of sale
AS 37.15.030Interest rate and maturity
AS 37.15.040Sale of bonds
AS 37.15.050Redemption
AS 37.15.060Form and registration of bonds
AS 37.15.070Place of payment
AS 37.15.080Signatures and seal
AS 37.15.090Terms and conditions
AS 37.15.100Trustee
AS 37.15.110Creation and membership of state bond committee
AS 37.15.120Regulations
AS 37.15.130Officers, records, and proceedings
AS 37.15.140Duties of state bond committee
AS 37.15.150Committee may employ special services
AS 37.15.155Prohibited bidding on bonds and anticipation notes
AS 37.15.160Contents of resolution
AS 37.15.170State bond committee to certify annual principal, interest, and reserve requirements
AS 37.15.180Remedies of bondholders
AS 37.15.190Negotiability
AS 37.15.200Bonds as legal investments
AS 37.15.210Refunding bonds
AS 37.15.215Official statements
AS 37.15.220Short title
AS 37.15.225Bond authorization
AS 37.15.230Knik Arm construction fund
AS 37.15.235Toll bridge revenue bond limit
AS 37.15.240Toll bridge revenue fund
AS 37.15.245Toll bridge revenue bond redemption fund
AS 37.15.250Bond terms
AS 37.15.255Bond resolution
AS 37.15.260Bond reserve fund
AS 37.15.265Enforcement by bond owner
AS 37.15.270Amounts required for payments
AS 37.15.275Refunding
AS 37.15.280Bonds as legal investments
AS 37.15.285Statutory construction
AS 37.15.290Definitions
AS 37.15.300Borrowing in anticipation of sale of bonds permitted
AS 37.15.310Issuance of notes
AS 37.15.320Issuance of new notes. [Repealed, § 3 ch 41 SLA 1967.]
AS 37.15.330Repayment of notes
AS 37.15.340Security for repayment of general obligation bonds
AS 37.15.350Security for repayment of revenue bonds
AS 37.15.360Limitation on issuance of notes
AS 37.15.370Use of proceeds from sale of notes
AS 37.15.380Sale of notes
AS 37.15.390Execution of notes
AS 37.15.410Bond authorization
AS 37.15.415Continuing revenue bond debt service appropriation
AS 37.15.420International airports construction fund
AS 37.15.430International airports revenue fund
AS 37.15.440International airports revenue bond redemption fund
AS 37.15.450Bond terms
AS 37.15.460Bond resolution
AS 37.15.470Enforcement by holder
AS 37.15.480Amounts required for payments
AS 37.15.490Bond negotiability
AS 37.15.500Airport charges
AS 37.15.510State improvements to airports
AS 37.15.520Refunding
AS 37.15.530Bonds as legal investments
AS 37.15.540Statutory construction
AS 37.15.550Definitions
AS 37.15.560Bond authorization
AS 37.15.565Bond redemption funds
AS 37.15.570Bond terms
AS 37.15.573Bond resolution
AS 37.15.575State aid intercept
AS 37.15.580Pledge of the state
AS 37.15.583Enforcement by bond owner
AS 37.15.585Amounts required for payments
AS 37.15.587Purposes and sufficiency of revenue
AS 37.15.590Refunding
AS 37.15.595Bonds as legal investments
AS 37.15.600Statutory construction
AS 37.15.603Regulations
AS 37.15.605Definitions
AS 37.15.610Bond authorization
AS 37.15.620Construction fund
AS 37.15.630Revenue fund
AS 37.15.640Bond redemption fund
AS 37.15.650Bond terms
AS 37.15.660Bond resolution
AS 37.15.670Enforcement by holder
AS 37.15.680Amounts required for payments
AS 37.15.690Bond negotiability
AS 37.15.700Refunding
AS 37.15.710Bonds as legal investments
AS 37.15.720State toll facilities
AS 37.15.730Review of toll facility projects
AS 37.15.740Toll facility charges
AS 37.15.750Statutory construction
AS 37.15.760Definitions
AS 37.15.800Tax-exempt bonds and tax credits
AS 37.15.900Bond authorization
AS 37.15.903Pension obligation bond limit
AS 37.15.905Bond redemption fund
AS 37.15.910Bond terms
AS 37.15.915Bond resolution
AS 37.15.920Enforcement by bond owner
AS 37.15.925Amounts required for payments
AS 37.15.930Purposes and sufficiency of revenue
AS 37.15.935Refunding
AS 37.15.940Bonds as legal investments
AS 37.15.945Statutory construction
AS 37.15.950Regulations
AS 37.15.955Definitions

All Alaska named statutes →

Download

Copy

Embed on your site

Hover to preview · click to copy the code

Search Wikipedia →