The pledge of assets or revenue of the corporation to the payment of the principal or interest on any obligations of the agency is valid and binding from the time the pledge is made and the assets or revenue are immediately subject to the lien of the pledge without physical delivery or further act. The lien of any pledge is valid and binding against all parties having claims of any kind in tort, contract, or otherwise against the corporation, irrespective of whether those parties have notice of the lien of the pledge. This section does not prohibit the corporation from selling assets subject to any pledge, except that any sale may be restricted by the trust agreement or resolution providing for the issuance of the obligations.
Structure Alaska Statutes
Title 18. Health, Safety, Housing, Human Rights, and Public Defender
Chapter 56. Alaska Housing Finance Corporation
Article 1. Alaska Housing Finance Corporation.
Sec. 18.56.010. Findings and purpose.
Sec. 18.56.020. Alaska Housing Finance Corporation.
Sec. 18.56.030. Corporation governing body.
Sec. 18.56.040. Meetings of board.
Sec. 18.56.045. Minutes of meetings.
Sec. 18.56.050. Administration of affairs.
Sec. 18.56.052. Executive director.
Sec. 18.56.055. Legal advisor.
Sec. 18.56.060. Employment of personnel.
Sec. 18.56.070. Personnel exempt from state Personnel Act.
Sec. 18.56.080. Interdepartmental cooperation.
Sec. 18.56.082. Alaska housing finance revolving fund.
Sec. 18.56.084. International borrowing.
Sec. 18.56.086. Creation of subsidiaries.
Sec. 18.56.088. Administrative procedure; regulations.
Sec. 18.56.089. Compliance with Executive Budget Act; corporation finances; dividend.
Sec. 18.56.090. General powers and limitations.
Sec. 18.56.091. Home ownership assistance program.
Sec. 18.56.095. Mortgage insurance.
Sec. 18.56.096. Limitation on power to make or purchase mortgage loans.
Sec. 18.56.097. Collateral for loans.
Sec. 18.56.098. Special mortgage loan purchase program.
Sec. 18.56.099. Powers of corporation to deal in mortgage loans.
Sec. 18.56.100. Housing development fund.
Sec. 18.56.101. Eligibility for veterans' interest rates.
Sec. 18.56.103. Federal taxation of interest on bonds and bond anticipation notes.
Sec. 18.56.105. Allocation of lending activities.
Sec. 18.56.106. Nonconforming housing loan program.
Sec. 18.56.107. Loan origination and service fees for rural areas.
Sec. 18.56.108. Simplified refinancing mortgage loan purchase program.
Sec. 18.56.110. Bonds and notes.
Sec. 18.56.115. Independent financial advisor.
Sec. 18.56.120. Validity of any pledge.
Sec. 18.56.125. Capital reserve fund.
Sec. 18.56.135. Loan servicing requirements.
Sec. 18.56.140. Negotiable instruments.
Sec. 18.56.150. Obligations eligible for investment.
Sec. 18.56.160. Refunding obligations.
Sec. 18.56.170. Credit of state not pledged.
Sec. 18.56.180. Officers not liable.
Sec. 18.56.190. Tax exemption.
Sec. 18.56.200. Annual report.
Sec. 18.56.205. Residential mortgage assistance for members of the Alaska delegation to Congress.
Sec. 18.56.210. Market stabilization powers.
Sec. 18.56.220. Duty to advise about corporation's programs.
Sec. 18.56.300. Construction standards for housing eligible for purchase of loans.