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Sec. 44.85.005. Legislative findings. - The legislature finds that (1) the rapid growth of municipalities...
Sec. 44.85.010. Legislative policy. - (a) It is the policy of the state to (1)...
Sec. 44.85.020. Municipal Bond Bank Authority. - There is created the Alaska Municipal Bond Bank Authority. The...
Sec. 44.85.030. Membership and vacancies. - The bond bank authority consists of the following five directors:...
Sec. 44.85.040. Officers, quorum, and meetings. - (a) The directors shall elect one of their number as...
Sec. 44.85.050. Bonding of members. - Before the issuance of bonds or notes under this chapter,...
Sec. 44.85.060. Compensation and expenses. - The directors of the bond bank authority shall serve without...
Sec. 44.85.070. Staff. - The bond bank authority shall employ an executive secretary who...
Sec. 44.85.080. Powers of bond bank authority. - The bond bank authority may (1) sue and be sued;...
Sec. 44.85.085. Creation of subsidiary corporation. - (a) The bond bank authority may create one or more...
Sec. 44.85.086. Powers of subsidiary corporation. - A subsidiary corporation created under AS 44.85.085 has the following...
Sec. 44.85.090. Limitations. - Under this chapter, the bond bank authority may not (1)...
Sec. 44.85.095. Regulations. - The bond bank authority shall adopt regulations, in accordance with...
Sec. 44.85.100. Annual report and audit. - (a) Before October 1 of each year the bond bank...
Sec. 44.85.110. Annual budget. - The bond bank authority shall prepare and submit an annual...
Sec. 44.85.120. Care and custody of bonds. - The bond bank authority, in accordance with AS 36.30 (State...
Sec. 44.85.130. Effect of obligations. - (a) Bonds and notes issued under this chapter are not...
Sec. 44.85.140. Negotiability of bonds or notes. - Notwithstanding other provisions of law, a bond or note issued...
Sec. 44.85.150. Bonds or notes as legal investments. - Notwithstanding the restrictions of any other law, all banks, trust...
Sec. 44.85.160. Tax exemption. - All property of the bond bank authority is public property...
Sec. 44.85.170. Loans to political subdivisions and joint insurance arrangements. - (a) The bond bank authority, to carry out the purposes...
Sec. 44.85.180. Issuance of bonds and notes. - (a) Subject to AS 44.85.100(b), the bond bank authority may...
Sec. 44.85.190. Form of issuance. - Bonds or notes of the bond bank authority shall be...
Sec. 44.85.200. Sale price. - Bonds or notes of the bond bank authority may be...
Sec. 44.85.210. Payment or refunding of notes. - The bond bank authority may from time to time issue...
Sec. 44.85.220. Terms of agreement with the bondholder or noteholder. - In a resolution of the bond bank authority authorizing or...
Sec. 44.85.230. Purchase and disposition of own obligations. - The bond bank authority may purchase bonds or notes of...
Sec. 44.85.240. Bond anticipation notes. - Notwithstanding any law applicable to a municipality as to the...
Sec. 44.85.250. Documentation. - All municipal bonds purchased, held, or owned by the bond...
Sec. 44.85.260. Presumption of validity. - After issuance, all bonds or notes of the bond bank...
Sec. 44.85.270. Reserve fund. - (a) The bond bank authority shall establish and maintain a...
Sec. 44.85.280. Additional funds and accounts. - The bond bank authority may establish additional reserves or other...
Sec. 44.85.290. Application of funds. - Money or investments in a fund or account of the...
Sec. 44.85.300. Rights of holders paramount. - In order to carry out its purpose under this chapter...
Sec. 44.85.310. Default in payment; appointment of trustee. - If the bond bank authority defaults in the payment of...
Sec. 44.85.320. Powers and duties of trustee on default. - (a) A trustee appointed under AS 44.85.310 may, and shall...
Sec. 44.85.330. Personal liability. - Neither a member of the bond bank authority nor a...
Sec. 44.85.340. Exemption from execution and sale. - All property of the bond bank authority is exempt from...
Sec. 44.85.350. Lien of pledge. - A pledge of revenues or other money made by the...
Sec. 44.85.360. Insurance or guaranty. - The bond bank authority may obtain from a department or...
Sec. 44.85.370. Surety for deposits by bank. - All banks, trust companies, savings banks, investment companies, and other...
Sec. 44.85.380. Expenses of administration. - All expenses incurred in carrying out this chapter are payable...
Sec. 44.85.390. Cooperation by government agencies. - All officers, departments, boards, agencies, divisions, and commissions of the...
Sec. 44.85.400. Public records; open meetings. - The provisions of AS 40.25.110 - 40.25.120 (public records) and...
Sec. 44.85.410. Definitions. - In this chapter, unless the context requires otherwise, (1) “bond...
Sec. 44.85.420. Short title. - This chapter may be cited as the Alaska Municipal Bond...