There is created the Alaska Municipal Bond Bank Authority. The authority is a public corporation of the state. The corporation is an instrumentality of the state within the Department of Revenue but has a legal existence independent of and separate from the state and has continuing succession until its existence is terminated by law. The exercise by the authority of the powers conferred by this chapter is considered an essential governmental function of the state.
Section: Previous 44.85.005 44.85.010 44.85.020 44.85.030 44.85.040 44.85.050 44.85.060 44.85.070 44.85.080 44.85.085 44.85.086 44.85.090 44.85.095 44.85.100 44.85.110 NextLast modified: November 15, 2016