If the department constructs the Knik Arm bridge and appurtenant facilities, the department shall transfer control of the bridge and appurtenant facilities to the authority, and the authority shall operate the bridge and appurtenant facilities. After the transfer of control, the department retains ownership of the bridge, appurtenant facilities, and real property, and retains the power to reconstruct, equip, extend, maintain, or improve the bridge and appurtenant facilities.
Structure Alaska Statutes
Title 19. Highways and Ferries
Chapter 75. Knik Arm Bridge and Toll Authority
Sec. 19.75.111. Powers and duties of the authority.
Sec. 19.75.113. Assets, funds, and revenue of the authority.
Sec. 19.75.261. Exemption from taxation.
Sec. 19.75.291. State appropriations for Knik Arm bridge and appurtenant facilities not affected.
Sec. 19.75.311. Safeguarding of money.