(a) The authority may not be considered or constitute (1) a political subdivision of the state as the term is used in AS 37.10.085 , (2) a municipal corporation or political subdivision of the state as the terms are used in AS 29, or (3) except as provided in AS 44.88.205 , a state agency as the term is used in AS 37, but for all other purposes the authority constitutes a political subdivision and an instrumentality of the state as provided in this chapter.
(b) The funds, income, or receipts of the authority may not be considered or constitute money of the state, nor may real property in which the authority has an interest be considered land owned in fee by the state or to which the state may become entitled or in any way land belonging to the state, or state land referred to in Art. VIII of the Alaska Constitution.
(c) A loan participation purchased or financed by the authority is exempt from the provisions of AS 45.45.010 .
Section: Previous 44.88.173 44.88.174 44.88.175 44.88.176 44.88.177 44.88.178 44.88.180 44.88.190 44.88.200 44.88.205 44.88.210 44.88.212 44.88.215 44.88.220 44.88.300 NextLast modified: November 15, 2016