Alaska Statutes Title 37, Chapter 37.15, Article 05 - Alaska Clean Water Fund and Drinking Water Fund Bonds

• Sec. 37.15.560 Bond Authorization.
  (a) For purposes of providing part of the money to be used to provide financial assistance to municipalities and other qualified entities under AS...
• Sec. 37.15.565 Bond Redemption Funds.
  (a) There are established special funds of the state, known as the "Alaska clean water fund revenue bond redemption fund " and the "Alaska...
• Sec. 37.15.570 Bond Terms.
  (a) The bonds may be issued and sold at public or negotiated sale in the manner, in the amounts or series, and at the...
• Sec. 37.15.573 Bond Resolution.
  The committee shall authorize the issuance of bonds by adopting a resolution and shall prepare all other documents and proceedings necessary for the issuance,...
• Sec. 37.15.575 State Aid Intercept.
  If a municipality is in default on the payment of principal or interest on a loan from the Alaska clean water fund (AS 46.03.032...
• Sec. 37.15.580 Pledge of the State.
  The state pledges to and agrees with the holders of bonds issued by the committee under AS 37.15.560 - 37.15.605 and under AS 46.03.032...
• Sec. 37.15.583 Enforcement by Bond Owner.
  (a) The owner or owners of not less than 10 percent of the aggregate principal amount of any series or issue of bonds or...
• Sec. 37.15.585 Amounts Required for Payments.
  The committee shall, before June 30 of each year or from time to time within the year, as appropriate, commencing with the year in...
• Sec. 37.15.587 Purposes and Sufficiency of Revenue.
  The proceeds of bonds may be used for the purposes described in AS 46.03.032 or 46.03.036, as appropriate. Bonds may not be issued unless...
• Sec. 37.15.590 Refunding.
  (a) The committee may refund the bonds or any part of them at or before their maturities or redemption dates by the issuance of...
• Sec. 37.15.595 Bonds As Legal Investments.
  The bonds are legal investments for all banks, trust companies, savings banks, savings and loan associations, and other persons carrying on a banking business,...
• Sec. 37.15.600 Statutory Construction.
  AS 37.15.560 - 37.15.605 shall be liberally construed in order to carry out the purposes for which they were enacted.
• Sec. 37.15.603 Regulations.
  The committee may adopt regulations necessary to implement the provisions of AS 37.15.560 - 37.15.605.
• Sec. 37.15.605 Definitions.
  In AS 37.15.560 - 37.15.605,(1) "bond redemption funds " means the Alaska clean water fund revenue bond redemption fund and the Alaska drinking water...

Last modified: November 15, 2016