Alaska Statutes Title 29, Chapter 29.47, Article 03 - General Obligation Bonds

• Sec. 29.47.180 General Obligation Bonds.
  A municipality may acquire, construct, improve, and equip capital improvements and issue negotiable or nonnegotiable general obligation bonds for these purposes.
• Sec. 29.47.190 Vote and Notice of Existing Indebtedness Required.
  (a) A municipality may incur general obligation bond debt only after a bond authorization ordinance is approved by a majority vote at an election....
• Sec. 29.47.200 Payment.
  (a) The full faith and credit of a municipality are pledged for the payment of principal and interest on general obligation bonds. The municipality...

Last modified: November 15, 2016