Alaska Statutes Title 42, Chapter 42.40, Article 08 - Bonds
Sec. 42.40.600 General Provisions.
(a) Upon receiving legislative approval under AS 42.40.285 the corporation may issue bonds by resolution to provide money to carry out its purposes.(b) Bonds...
Sec. 42.40.610 Negotiable Instruments.
Bonds issued under this chapter and interest coupons attached to them are negotiable instruments under the laws of this state, subject only to applicable...
Sec. 42.40.620 Bonds Eligible for Investment.
Bonds issued under this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance...
Sec. 42.40.630 Payment of Bonds.
(a) The principal and interest on bonds of the corporation is payable from corporation money or assets. Bonds may be additionally secured by a...
Sec. 42.40.640 Security for Bonds.
In the discretion of the board, an issue of bonds may be secured by a trust indenture, which may be a trust company, bank...
Sec. 42.40.650 Independent Financial Advisor.
In negotiating the private or public sale of bonds to an underwriter, the board shall retain a financial advisor who is independent from the
Sec. 42.40.660 Validity of Signatures.
If an officer of the corporation whose signature or a facsimile of whose signature appears on bonds or coupons attached to them ceases to...
Sec. 42.40.670 Validity of Pledge.
(a) The pledge of assets or revenue of the corporation to the payment of the principal or interest on bonds of the corporation is...
Sec. 42.40.675 Pledge of the State.
The state pledges to and agrees with the holders of bonds issued under this chapter and with the federal agency that loans or contributes...
Sec. 42.40.680 Remedies.
A holder of bonds issued under this chapter or of coupons attached to them, and a trustee under a trust agreement or resolution authorizing...
Sec. 42.40.690 Credit of State Not Pledged.
(a) The state and its political subdivisions are not liable for the debts of the corporation. Bonds issued under this chapter are payable solely...
Sec. 42.40.695 Public Purpose of Bonds.
Bonds of the corporation issued to finance facilities described in AS 42.40.550 and 42.40.560 and bonds of the corporation issued to finance the acquisition,...
Sec. 42.40.700 Limitation on Personal Liability.
A board member or employee of the corporation is not subject to personal liability or accountability because of the execution or issuance of bonds.