Each issue or series of bonds must bear interest at an effective rate over the life of the bonds not to exceed 11 percent a year or that rate of interest that is 110 percent of the rate of the Bond Buyer Index of 20 Municipal Bond Average Yields for the week previous to the date of sale of the bonds, whichever is higher. The bonds must mature in not more than 30 years from date of issue, unless a longer period is specifically authorized by statute.
Structure Alaska Statutes
Sec. 37.15.010. Full faith and credit for general obligation bonds.
Sec. 37.15.011. Alaska debt retirement fund.
Sec. 37.15.012. Continuing debt service appropriation.
Sec. 37.15.015. Notice before election.
Sec. 37.15.020. Manner and amounts of sale.
Sec. 37.15.030. Interest rate and maturity.
Sec. 37.15.040. Sale of bonds.
Sec. 37.15.060. Form and registration of bonds.
Sec. 37.15.070. Place of payment.
Sec. 37.15.080. Signatures and seal.
Sec. 37.15.090. Terms and conditions.
Sec. 37.15.110. Creation and membership of state bond committee.
Sec. 37.15.130. Officers, records, and proceedings.
Sec. 37.15.140. Duties of state bond committee.
Sec. 37.15.150. Committee may employ special services.
Sec. 37.15.155. Prohibited bidding on bonds and anticipation notes.
Sec. 37.15.160. Contents of resolution.
Sec. 37.15.180. Remedies of bondholders.
Sec. 37.15.190. Negotiability.
Sec. 37.15.200. Bonds as legal investments.
Sec. 37.15.210. Refunding bonds.