Section 18.55.187. Independent financial advisor.

Latest version.

In negotiating the private sale of bonds or bond anticipation notes to an underwriter when that sale is authorized by AS 18.55.100 - 18.55.290, the corporation shall retain a financial advisor who is independent from the underwriter. The financial advisor may not bid on the bonds or notes if offered at public sale or negotiate for their purchase if sold at private sale.

Notes

History

(Sec. 4 ch 86 SLA 1981; am Sec. 16 ch 4 FSSLA 1992)

                    
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