Alaska Statutes Title 29, Chapter 29.47, Article 02 - Bond Anticipation Notes

• Sec. 29.47.080 Bond Anticipation Borrowing.
  A municipality may borrow money in anticipation of the sale of general obligation and revenue bonds if(1) the general obligation bonds to be sold...
• Sec. 29.47.090 Issuance of Notes.
  The governing body shall issue negotiable or nonnegotiable notes for the amounts borrowed with a maturity date not to exceed one year from the...
• Sec. 29.47.100 Issuance of New Notes.
  If the sale of the bonds has not occurred before the maturity of the notes issued in anticipation of the sale, the governing body...
• Sec. 29.47.110 Repayment of Notes.
  Every note is payable from the proceeds of the sale of bonds that the notes anticipated or from the proceeds of the sale of...
• Sec. 29.47.120 Security.
  (a) Notwithstanding other provisions of this chapter as to payment of notes, notes issued in anticipation of the sale of general obligation bonds and...
• Sec. 29.47.130 Limitation.
  The total amount of notes issued and outstanding may at no time exceed the total amount of bonds authorized to be issued.
• Sec. 29.47.140 Use of Proceeds.
  The proceeds from the sale of notes shall be used only for the purposes for which the proceeds from the sale of bonds may...

Last modified: November 15, 2016