Bonds of the corporation issued to finance the acquisition, construction, improvement, maintenance, equipping, and operation of real and personal property, including facilities and equipment, described in AS 42.40.570 are issued by a public corporation and an instrumentality of the state for an essential public and governmental purpose.
Structure Alaska Statutes
Title 42. Public Utilities and Carriers and Energy Programs
Chapter 40. Alaska Railroad Corporation
Sec. 42.40.600. General provisions.
Sec. 42.40.610. Negotiable instruments.
Sec. 42.40.620. Bonds eligible for investment.
Sec. 42.40.630. Payment of bonds.
Sec. 42.40.640. Security for bonds.
Sec. 42.40.650. Independent financial advisor.
Sec. 42.40.660. Validity of signatures.
Sec. 42.40.670. Validity of pledge.
Sec. 42.40.675. Pledge of the state.
Sec. 42.40.690. Credit of state not pledged.