The proceeds of bonds may be used for the purposes described in AS 46.03.032 or 46.03.036, as appropriate. Bonds may not be issued unless the committee first finds that revenue to be derived from repayment of loans from the Alaska clean water fund or the Alaska drinking water fund, as appropriate, will be sufficient, together with other available money, to comply with all covenants of the bond resolutions.
Structure Alaska Statutes
Article 5. Alaska Clean Water Fund and Drinking Water Fund Bonds.
Sec. 37.15.560. Bond authorization.
Sec. 37.15.565. Bond redemption funds.
Sec. 37.15.573. Bond resolution.
Sec. 37.15.575. State aid intercept.
Sec. 37.15.580. Pledge of the state.
Sec. 37.15.583. Enforcement by bond owner.
Sec. 37.15.585. Amounts required for payments.
Sec. 37.15.587. Purposes and sufficiency of revenue.
Sec. 37.15.595. Bonds as legal investments.