The pledge of revenue of an authority to the payment of the principal of or interest on bonds or notes of the authority is valid and binding from the time the pledge is made, and the revenue is immediately subject to the lien of the pledge without physical delivery or further act. The lien of a pledge is valid and binding against all parties having claims of any kind against the authority irrespective of whether those parties have notice of the lien of the pledge.
Structure Alaska Statutes
Title 29. Municipal Government
Chapter 35. Municipal Powers and Duties
Article 10. Regional Solid Waste Management Authorities.
Sec. 29.35.800. Purpose of authorities.
Sec. 29.35.805. Establishment of regional solid waste management authorities.
Sec. 29.35.810. Dissolution of a regional solid waste management authority.
Sec. 29.35.815. Municipal property.
Sec. 29.35.820. Powers and duties.
Sec. 29.35.825. Bonds of a regional solid waste management authority; superior court jurisdiction.
Sec. 29.35.830. Bonds eligible for investment.
Sec. 29.35.835. Validity of pledge.
Sec. 29.35.840. Credit of state or a municipality not pledged.
Sec. 29.35.845. Pledges of the state and municipalities.
Sec. 29.35.850. Limitation of liability.
Sec. 29.35.855. Limitation on personal liability.
Sec. 29.35.860. Fidelity bond.
Sec. 29.35.865. No taxing authority.
Sec. 29.35.870. Exemption from taxation.
Sec. 29.35.875. Administration of regional solid waste management authorities; board.
Sec. 29.35.885. Bylaws and regulations.
Sec. 29.35.890. Authority subject to public records and open meetings laws.
Sec. 29.35.895. Annual report.