Alaska Statutes Title 42, Chapter 42.40, Article 06 - Financial Provisions

• Sec. 42.40.500 Limitation of Liability.
  A liability incurred by the corporation shall be satisfied exclusively from the assets or revenue of the corporation and no creditor or other person...
• Sec. 42.40.510 Fidelity Bond.
  The corporation shall obtain a fidelity bond in an amount determined by the board for board members and each executive officer responsible for accounts...
• Sec. 42.40.520 Insurance.
  Except as provided in AS 42.40.310 (b), the corporation shall protect its assets, services, and employees by purchasing insurance or providing for certain self-insurance...
• Sec. 42.40.530 Revenue.
  Revenue generated by or appropriated to the corporation shall be retained and managed by the corporation for railroad and related purposes in accordance with...
• Sec. 42.40.540 Appropriations.
  The corporation may request, with the concurrence of the governor, a direct appropriation or grant from the legislature to assist in carrying out the...

Last modified: November 15, 2016