Alaska Statutes Title 18, Chapter 18.57 - Regional Electrical Authorities

• Sec. 18.57.010 Finding and Purpose.
  The legislature finds that an acute shortage of adequate, safe, reliable electrical facilities exists in the rural areas of the state and that adequate...
• Sec. 18.57.020 Creation of Authorities.
  (a) An association authorized by AS 18.55.996 (a) to form a regional housing authority is given the authority to form a regional electrical authority....
• Sec. 18.57.030 Tax Exemption.
  (a) A regional electrical authority is exempt from payment of taxes or assessments, other than assessments that may be levied under AS 29.46.010 ,...
• Sec. 18.57.040 Powers of the Authority.
  A regional electrical authority has the general power to(1) adopt, alter, and use a corporate seal;(2) prescribe, adopt, amend, and repeal bylaws;(3) sue and...
• Sec. 18.57.050 Bonds and Notes.
  (a) The authority, by board resolution, may issue bonds and bond anticipation notes in order to provide funds to carry out and effectuate its...
• Sec. 18.57.060 Validity of Pledge.
  The pledge of assets or revenue of the authority to the payment of the principal or interest of obligations of the authority is valid...
• Sec. 18.57.070 Remedies.
  A holder of obligations or coupons attached to them issued under the provisions of this chapter, and a trustee under a trust agreement or...
• Sec. 18.57.080 Negotiable Instruments.
  All obligations and interest coupons attached to the obligations are negotiable instruments under the laws of this state, subject only to applicable registration provisions.
• Sec. 18.57.090 Obligations Eligible for Investment.
  Obligations issued under the provisions of this chapter are securities in which all public officers and public bodies of the state and its political...
• Sec. 18.57.100 Refunding Obligations.
  (a) The authority may provide for the issuance of refunding obligations for the purpose of refunding obligations then outstanding that have been issued under...
• Sec. 18.57.110 Credit of State Not Pledged.
  Obligations issued under the provisions of this chapter do not constitute a debt, liability, or obligation of the state or of any other political...

Last modified: November 15, 2016