Alaska Statutes Title 18, Chapter 18.26 - Alaska Medical Facility Authority

• Sec. 18.26.010 Legislative Finding and Policy.
  (a) The legislature finds that(1) there exist inadequate medical care and medical facilities in certain localities of the state, and in other localities medical...
• Sec. 18.26.020 Creation of Authority.
  There is created the Alaska Medical Facility Authority the sole purpose of which is to provide and finance medical facilities for the benefit of...
• Sec. 18.26.030 Board of Directors of the Authority.
  (a) The authority shall be managed and controlled by a seven-person board of directors, who serve at the pleasure of the governor, consisting of(1)...
• Sec. 18.26.040 Meetings, Compensation, Officers, and Expenses.
  (a) Four members of the board constitute a quorum for the transaction of business or the exercise of a power or function at a...
• Sec. 18.26.050 Powers of Authority.
  The authority has all powers necessary to carry out the purposes of this chapter including, but not limited to, the following:(1) to sue and...
• Sec. 18.26.060 Operation and Management of Medical Facilities.
  (a) The authority may not maintain or operate any medical facility. However, if the operator of a medical facility or trustee under a trust...
• Sec. 18.26.070 Expenses of Authority.
  All expenses of the authority incurred in carrying out the provisions of this chapter are payable solely from funds provided under this chapter, and...
• Sec. 18.26.080 Bonds of the Authority; Court Jurisdiction.
  (a) The authority may borrow money and may issue bonds for it, payable from the revenue derived by it from its interest in any...
• Sec. 18.26.090 Bond Anticipation Notes.
  The authority may issue and sell bond anticipation notes which shall be on the terms, bear the date, mature at the time, be in...
• Sec. 18.26.100 Trust Indentures and Trust Agreements.
  In the discretion of the authority, an issue of bonds may be secured by a trust indenture, trust agreement, indenture of mortgage or deeds...
• Sec. 18.26.110 Liability for Issuance.
  Neither the members of the authority nor any person executing the bonds is liable personally on the bonds or is subject to any personal...
• Sec. 18.26.120 Bondholder Claims Against Special Funds.
  Any notes or revenue bonds issued against any special funds provided for in this chapter are a valid claim of the holder of them...
• Sec. 18.26.130 Conflict of Interests.
  (a) A member of the board may not vote on a resolution of the board relating to a lease or contract to be entered...
• Sec. 18.26.140 Pledge of Revenue.
  A pledge of revenue or other money, obligations, or assets by the authority is binding from the time the pledge is made as against...
• Sec. 18.26.150 Obligations and Income of Authority.
  (a) Notes or revenue bonds issued under the provisions of this chapter are not, either directly, indirectly, or contingently, an obligation, a pledge of...
• Sec. 18.26.160 Rights of Bondholders.
  A holder of notes or revenue bonds issued under this chapter or a trustee under a trust agreement entered into under this chapter may,...
• Sec. 18.26.170 Investments by Authority.
  Except as otherwise provided by this chapter, the authority may invest any funds, not needed to meet current cash expenditure needs, as set out...
• Sec. 18.26.180 Bonds As Securities.
  Revenue bonds of the authority are securities in which the following may legally invest any funds belonging to them or within their control: all...
• Sec. 18.26.190 Pledge of the State.
  The State of Alaska pledges to and agrees with the holders of any obligations issued under this chapter, and with those parties who may...
• Sec. 18.26.200 Accounting and Reports.
  The authority shall keep an accurate account of all of its activities and of all of its receipts and expenditures and shall biennially, no...
• Sec. 18.26.210 State Requirements.
  A medical facility that has been monetarily supported, in any manner whatsoever, by the authority is subject to any state requirements relating to public...
• Sec. 18.26.220 Facility Compliance With Health and Safety Laws and Licensing Requirements.
  A medical facility constructed, acquired, improved, financed, or otherwise under the provisions of this chapter and all actions of the authority are subject to...
• Sec. 18.26.230 Authority As a Public Body; Tax Status of Assets, Income and Bonds.
  (a) The authority, all assets at any time owned by it, the income from those assets, and all bonds issued by the authority, together...
• Sec. 18.26.240 Earnings of the Authority.
  The earnings of the authority in excess of the amount required for the retirement of indebtedness or the accomplishment of the purposes stated in...
• Sec. 18.26.250 Operation of Certain Statutes Excepted; Status of Authority.
  The authority is not a(1) political subdivision of the state for the purposes of AS 37.10.085, but for all other purposes the authority constitutes...
• Sec. 18.26.260 Issuance and Guarantee of Alaska Medical Facility Authority Bonds.
  (a) There is established as a separate account in the authority the medical facilities special bond guarantee account. The medical facilities special bond guarantee...
• Sec. 18.26.900 Definitions.
  In this chapter, unless the context requires otherwise,(1) "authority" means the Alaska Medical Facility Authority created by this chapter;(2) "board" means the board of...

Last modified: November 15, 2016