Alaska Statutes Title 29, Chapter 29.35, Article 09 - Port Authorities

• Sec. 29.35.600 Purpose of Authorities.
  The purpose of a port authority is to provide for the development of a port or ports for transportation related commerce within the territory...
• Sec. 29.35.605 Establishment of Port Authorities.
  (a) A port authority may be created by one of the following means:(1) the governing body of a municipality may create by ordinance a...
• Sec. 29.35.610 Dissolution of a Port Authority.
  (a) The enabling ordinance by which a port authority is created must provide for the manner by which a port authority may be dissolved.(b)...
• Sec. 29.35.615 Municipal Property.
  (a) A municipality may transfer and otherwise convey or lease real property, and any improvements to it, to an authority for use by the...
• Sec. 29.35.620 Powers.
  If provided in the enabling ordinance, an authority may(1) sue and be sued;(2) have a seal and alter it at pleasure;(3) acquire an interest...
• Sec. 29.35.625 Bonds of a Port Authority; Superior Court Jurisdiction.
  (a) If authorized by the enabling ordinance, an authority may borrow money and may issue bonds on which the principal and interest are payable(1)...
• Sec. 29.35.630 Bonds Eligible for Investment.
  Bonds issued under AS 29.35.625 are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance...
• Sec. 29.35.635 Validity of Pledge.
  The pledge of revenue of an authority to the payment of the principal or interest on bonds or notes of the authority is valid...
• Sec. 29.35.640 Credit of State or a Municipality Not Pledged.
  (a) The state and municipalities participating in an authority are not liable for the debts of that authority. Bonds issued under AS 29.35.625 are...
• Sec. 29.35.645 Pledges of the State and Municipalities.
  The state and municipalities participating in the authority pledge to and agree with the holders of bonds issued under AS 29.35.625 and with the...
• Sec. 29.35.650 Limitation of Liability.
  A liability incurred by an authority shall be satisfied exclusively from the assets or revenue of the authority. A creditor or other person does...
• Sec. 29.35.655 Limitation on Personal Liability.
  A board member or employee of an authority is not subject to personal liability or accountability because of the execution or issuance of bonds.
• Sec. 29.35.660 Fidelity Bond.
  An authority shall obtain a fidelity bond in an amount determined by the board for board members and each executive officer responsible for accounts...
• Sec. 29.35.665 No Taxing Authority.
  An authority may not levy an income or other tax.
• Sec. 29.35.670 Exemption From Taxation.
  (a) An authority exercising the powers granted by the enabling ordinance under AS 29.35.600 - 29.35.730 is in all respects for the benefit of...
• Sec. 29.35.675 Development Plan.
  In the enabling ordinance establishing the authority under AS 29.35.605 the authority shall be(1) required to submit a development plan to the governing body...
• Sec. 29.35.680 Administration of Port Authorities; Board.
  (a) An authority shall be governed by a board of directors, which shall exercise the powers of the authority. The enabling ordinance establishing the...
• Sec. 29.35.690 Bylaws and Regulations.
  (a) A board shall adopt bylaws and appropriate regulations consistent with the enabling ordinance to carry out its functions and purposes.(b) A board shall...
• Sec. 29.35.695 Authority Subject to Public Records and Open Meetings Laws.
  An authority established under AS 29.35.605 is subject to AS 40.25.110 - 40.25.220 and to AS 44.62.310 - 44.62.319 (Open Meetings Act).
• Sec. 29.35.700 Annual Report.
  Within 90 days following the end of the fiscal year of an authority, the board shall distribute to the mayor and governing body of...
• Sec. 29.35.705 Audits.
  (a) The board shall have the financial records of an authority audited annually by an independent certified public accountant.(b) An authority shall make all...
• Sec. 29.35.710 Remedies.
  A holder of bonds or notes or coupons attached to the bonds issued by an authority under AS 29.35.625 , and a trustee under...
• Sec. 29.35.715 Claims.
  For the purpose of judicial and regulatory proceedings by and against an authority, an authority and its board members and employees enjoy the same...
• Sec. 29.35.720 Conflicting Laws Inapplicable.
  If provisions of AS 29.35.600 - 29.35.730 conflict with other provisions of this title, the provisions of AS 29.35.600 - 29.35.730 prevail.
• Sec. 29.35.722 Ownership or Operation of Certain State Facilities Prohibited.
  The state may not, without the approval of the legislature,(1) convey or transfer the Alaska marine highway system, the Anchorage or Fairbanks international airports,...
• Sec. 29.35.725 Definitions.
  In AS 29.35.600 - 29.35.730, unless the context otherwise requires,(1) "authority" means a port authority established under AS 29.35.605;(2) "board" means the board of...
• Sec. 29.35.730 Short Title.
  AS 29.35.600 - 29.35.730 may be referred to as the Municipal Port Authority Act.

Last modified: November 15, 2016