The indebtedness of a service area acquired under AS 29.47.440 remains the indebtedness of the area that incurred the debt, notwithstanding a subsequent court determination that the service area was not validly formed under law or by virtue of a defect in the proceedings creating the service area. All property in the service area remains subject to taxation to pay the bonded indebtedness.
Section: Previous 29.47.390 29.47.400 29.47.410 29.47.420 29.47.430 29.47.440 29.47.450 29.47.460 29.47.470 29.47.480 NextLast modified: November 15, 2016